NASHVILLE, TN, May 07, 2018 (GLOBE NEWSWIRE) -- LIG Assets, Inc. (LIGA) (also known as the "Leader in Green Assets" or "LIGA"), announces it has appointed Marvin Baker to the role of new Company President and retained Empire Stock Transfer, Inc., as the Company’s new Stock Transfer Agent effective today. LIGA’s former President, Charles Gambino will now assume the role of Company Chief Operations Officer to assist in the operational development and expansion of LIGA and its subsidiaries going forward. Gambino states, “Due to the major development, funding and Company expansion opportunities LIGA has recently developed in-house and been presented with by numerous outside entities, it was crucial that LIGA expand the Company’s Corporate team and capabilities to capitalize on, develop and expand on these opportunities as fast and as soon as possible.”
Chairman Aric Simons said, "Marvin Baker, through his vast experience and proven business acumen has led the expansion of revenue growth of LIGA by leading LIG Assets’ subsidiary BGTV Direct." Simons continues, "Mr. Baker, in his new role as Company President and Mr. Gambino, in his new role as Company Chief Operations Officer, along with the entire LIGA Corporate team, will position the Company to most effectively implement the next phase of the business plan including rapid operational and developmental expansion that is currently underway. Our continued growth requires dedicated, experienced and talented leaders to ensure the efficacy of the LIGA master business plan. I believe these changes meet this criteria. Further, LIGA is excited to employ the services of Empire Stock Transfer; I strongly believe that Empire has the reputation and capability necessary as we continue our path to become a fully reporting company and move up from our current status in the OTC market.”
Marvin Baker states, “Up to this point LIGA has been implementing corporate standard operating procedures for growth, stability and profitability, and we have achieved those goals ahead of schedule – now it’s time to take LIGA to the next level by aggressively implementing our “Phase 2” plan for rapid expansion and development.”
Major Policy Change OTC Markets:
On April 16, 2018, LIGA Chief Financial Officer, Douglas Vaughn received the following notification from Rachel Nussbaum of OTC Markets Group:
“It’s now an even better time to be a non-SEC reporting company trading on OTC Markets. We have introduced new rules to allow Pink companies access to the OTCQB market without the cost and complexity of SEC registration. Companies need to complete a 1 year audit (versus the 2 year audit required for SEC registration) and have a minimum bid price of $0.01.
We expect many companies to use this opportunity to raise their profile and share their story with new investors. Combined with the OTCQB Visibility Program, our Blue Sky initiatives are allowing retail brokers to make stock recommendations and distribute research on OTCQB securities. These developments continue to improve the trading experience for investors by removing the legacy barriers/restrictions historically placed on OTC securities. We believe our mission is critical to helping companies grow and achieve their milestones.
The process to apply for OTCQB is streamlined, enabling you to efficiently upgrade your market. Companies already subscribed to OTC Disclosure and News Service will receive a credit towards OTCQB for any unused portion of their fee”. - Rachel Nussbaum, AVP, Corporate Services, OTC Markets Group.
LIGA CFO Douglas Vaughn states, “We are experiencing a very high demand for lots in the Brentwood, TN development. Once the permits are issued by the city, we'll be able to start accepting deposits and selling the lots. Continued progress on the Brentwood development and qualifying for OTCQB is the next step of the natural progression of LIGA's future.”
About Marvin Baker:
Marvin Baker, co-founder and CEO of BGTV Direct, Inc., an advertising, media, entertainment and broadcast company based in Nashville Tennessee. For over two decades, Marvin Baker has created alternative distribution pathways and unique revenue models for television networks, shows and projects that attracted corporate sponsors. Baker is a proven marketing innovator who constantly identifies new ideas and fresh solutions for old problems. Using the power of the media, Baker’s company projects have been featured on Entertainment Tonight, MTV, VH1, CMT, CMT Canada, Inside Edition, Hard Copy, The Today Show, Montel Williams Show, Comedy Central, NBC, CBS, ABC, CTV & CBC television. BGTV print media hits include USA Today, New York Post - Page Six, Rolling Stone Magazine, Billboard Magazine, Variety & Entertainment Weekly, Business Journals and others.
Marvin Baker has marketed and distributed feature films, documentaries and TV products in addition to launching TV networks, all over the world. Baker’s first feature film "A Letter from Death Row" starring Charlie Sheen, Martin Sheen and Bret Michaels, was distributed to 38 countries. Baker has also distributed DVD's in foreign territories to include several Hulk Hogan's DVD's. In addition, BGTV Direct provides network affiliate support to group television owners and their network affiliates. (ABC, NBC & CBS & Comcast) BGTV Direct provides unique value added "Business Television" services and concepts to the North American television systems. The network affiliates have embraced Marvin Baker’s unique television campaigns and concepts since 1992 in markets all across the country. Marvin Baker and Co-founder Ann Gillis received the “Excellence In Media” award in 2004 at an E-911 Awards gala on Capitol Hill in Washington DC after a successful NBC “Today Show” promotion with E-911.
It is also important to note that Marvin Baker, working with Aric Simons, was the driving force behind the initial acquisition, transformation and the majority of revenue for LIG Assets, Inc., and instrumental in the formation of LIG Assets’ subsidiaries LIGA Homes and LIGA Developments, LLC., and has helped managed the duties of Communications Director, Internet and Social Media operations, Investor Relations and Corporate Development operations since his arrival.
About Charles Gambino:
Charles Gambino has been a very successful Operation Manager for almost 30 years. Charles has held several senior corporate executive positions in the Film/Video industry since 1980 and developed a reputation as a highly successful corporate turnaround specialist - turning around companies and operations in Miami, Hollywood, Chicago, Nashville & Atlanta.
Gambino began his film industry career as a stage assistant for Mothers Sound Stage, a prominent commercial and feature film studio located in lower New York City. After a short apprenticeship, Gambino was named stage manager where he oversaw all aspects of the studio’s operations. Successful as a studio manager, Charles developed an interest in the equipment side of the Film Industry and quickly grew a reputation as a very successful Operation Manager that specialized in the ability to turn around any operation.
Since 1980, Gambino has worked in the Film/Video equipment rental aspect of the film industry and has worked for notable companies such as General Camera NY, Panavision, Panavision Hollywood, Cinepro, Image Devices International, Armanda Costanza Inc, Production Services Atlanta/Nashville to name a few. He has also held every position pertaining to the operations of rental facilities. Charles developed a reputation by specializing in turning around various operations and making them very profitable - usually in less than a year by creating a unique structure, work flow and increasing revenues by revitalizing the old customer base of the operation while developing new business opportunities that would reinvent the daily and long term operations which created new revenue streams to make each operation very profitable. Gambino will be capitalizing of his extensive experience, abilities and reputation to the benefit of LIGA and its shareholders.
About Empire Stock Transfer:
Empire Stock Transfer Inc. is a professional agency dedicated to providing superior corporate services to clients worldwide. Empire Stock Transfer is also a DTCC FAST participant agent. As a full service registrar and transfer agent registered with the U.S. Securities and Exchange Commission Empire is committed to the highest standards of quality, accuracy and timeliness. Empire provides a superior level of service in a professional manner.
In addition to Transfer services, Empire offers formation and Resident Agent services for Nevada corporations, as well as EDGAR filing and escrow services in addition to being a full service Clearing firm, Brokerage firm, Law firm providing DTCC and FINRA coordination. Empire Stock Transfer’s experienced team offers professional and competent services and is highly regarded in the marketplace.
About LIGA Homes:
LIGA Homes unique residential and commercial developments utilize specially designed and manufactured recycled "element resistant" steel framing, in addition to toxic free magnesium oxide building materials and panels that are 100% mold, fungus, termite and rot resistant and fire resistant against temperatures up to 3500 degrees Fahrenheit as well as famed environmentalist Robert Plarr's exclusive "maximum rated" R-60 insulation -- combining to create disaster resistant materials and structures that can withstand up to a 7.5 magnitude earthquake and sustained gale force winds up to 175 MPH while negating damage caused by rain and flood exposure. With the addition of Plarr's green and renewable systems and products, LIGA Homes is now capable of providing affordable, fully sustainable and disaster resistant living environments – LIGA Homes is at the forefront of this new and improved direction for the green, sustainable and construction sectors.
For more information about LIGA Homes visit - www.LIGAHomes.com or contact the Company directly at 833-LIGAHOMES
General inquiries: ContactUs@LIGAHomes.com
About LIG Assets, Inc.:
LIG Assets, Inc. in association with Robert Plarr is the emerging "Leader in Green Assets" -- focused on exclusive green, renewable energy and sustainable and disaster resistant homes, living systems, technologies and components to be utilized in the residential and commercial real estate acquisition and development projects currently under way and now individual product sales, as well as rapid expansion into other sectors via acquisitions, mergers and joint venture partnerships. LIG Assets, Inc. trades on the pink sheets under the ticker symbol "LIGA."
For additional information about LIG Assets, Inc., Robert Plarr, and/or how to purchase our exclusive homes, structures, products and technologies or to subscribe online to LIGA's free Shareholder Newsletter for regular updates and alerts regarding important Company developments Please visit the Company's website at www.LeaderInGreenAssets.com -- also follow LIGA at Twitter.com/LIGAssets.
Forward-Looking Statements:
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings on file at www.OTCMarkets.com.