Nashville, TN - 
(NewMediaWire) - May 26, 2021 - LIG
Assets, Inc. wishes to confirm that the proposed Brentwood TN land buyout offer
(mentioned in the ‘Subsequent Events’ section of the recent quarterly report)
has moved to escrow. Successful completion of this deal will result in
three major balance sheet improvements (numbers are approximate):
·
The elimination of the Real Estate debt and Heartland Capital
Loans of $2.5MM.
·
Repay an intercorporate receivable to BGTV Direct of $285K.
·
Result in a net cash balance of $1.35mm.
The next step post-closing (see
Management Discussion and Analysis of most recent quarterly report) is to take
an equity stake in the ForeverBoard company, as well as determine the best path
forward for a ‘Robert Plarr’ branded sustainable and survivable home. The
residential and commercial building markets are looking for more technically
advanced and ‘greener’ solutions to conventional drywall. LIG Assets, Inc. is
confident the Magnesium Oxide formulation of ForeverBoard is poised to gain
market share quickly.
President of LIGA, Marvin Baker
has taken control of a public company, Simulated Environment Concepts, Inc.,
OTC PK: SMEV, with plans to announce several JV's, Partnerships and
Acquisitions that will go directly into Simulated Environment Concepts, Inc.
SMEV will be its own Public Entity and LIGA's involvement and
participation will be disclosed in the near future which will include the
recent acquisition of a $1.25 million asset.
In addition, LIG Assets, Inc. has
been making investments and working with several other companies to form JV's,
Partnerships and Acquisitions that will be announced soon. This may
involve LIG Assets, Inc identify and acquire a credible light gauge steel
framing company. This land sale – assuming closure -- gives LIG Assets, Inc.
the necessary liquidity to move relatively quickly, and the new balance sheet
will result in much lower cost financing options moving forward and going
concern will be removed from our financials.
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 homes, living systems,
technologies and components to be utilized in the residential and commercial
real estate acquisition and development projects currently underway 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."
LIGA Assets, Inc. in association
with the Company’s other wholly-owned subsidiary, LIG Developments, LLC., a
steel framing manufacturing and design entity incorporated under the LIG Assets
corporate umbrella will fast track LIGA development as an emerging pioneer in
the green and renewable energy sectors having successfully created the world’s
first earthquake, flood, hurricane and fire resistant homes and structures that
are 100% fully sustainable and disaster resistant – from individual green
systems and homes to fully sustainable communities and commercial centers -
completely revolutionizing the sustainable and renewable construction movement
forever!
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 check out 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 are detailed in the Company's respective
filings at https://www.otcmarkets.com/stock/LIGA/overview.
Contact
Information:
LIGA
Shareholder/Investor inquiries can be directed to:
Marvin Baker
President – LIG Assets, Inc.
CEO – BGTV Direct Worldwide Media Solutions
Email: Marvin@BGTVDirect.com
www.BGTVDirect.com
www.LIGAHomes.com
833 – LIGAHOMES
