April 04, 2011 09:00 ET
LIG Assets, Inc. Announces DTC Eligibility Status
DALLAS, TX--(Marketwire - April 4, 2011) - LIG Assets, Inc. (LIGA) (PINKSHEETS: LIGA), a multi-faceted publicly traded real estate and energy related company, is pleased to announce that it has been granted eligibility status by the Depository Trust Company (DTC). The Depository Trust Company is a member of the U.S. Federal Reserve System and a registered clearing agency with the Securities and Exchange Commission. It provides banks, brokerage firms and other institutions with an efficient means of moving securities and settling trades electronically.
Jeff Love, President and CEO of LIG Assets, stated, "Becoming DTC eligible will simplify the process by which our shares can be traded or exchanged through brokers of our investors' choice. Securities not DTC eligible are often not accepted for trading at many institutions or simply restricted from being traded on a daily basis due to the amount of paperwork or manpower required to place and execute trades. Becoming DTC eligible resolves these issues and is a crucial step in increasing our exposure and attracting new investors to our company. DTC eligibility allows LIG to grow and take greater advantage of the lucrative investment opportunities in the real estate and energy markets."
Depository Trust Company (DTC) is a member of the U.S. Federal Reserve System, a limited-purpose trust company under New York State banking law and a registered clearing agency with the Securities and Exchange Commission. The depository brings efficiency to the securities industry by retaining custody of some two million securities issues, effectively "dematerializing" most of them so that they exist only as electronic files rather than as countless pieces of paper. The depository also provides the services necessary for the maintenance of the securities it has in custody.
LIG Assets, Inc. (PINKSHEETS: LIGA), focuses on income-producing opportunities in commercial and residential real estate and the overseas oil and gas production sectors. The company acquires, rehabilitates and sells distressed real estate properties and provides second chance opportunities for property owners. Investment properties are presently located throughout the country. LIG is active in the energy market and is currently focused on international oil and gas exploration and development. Additional information regarding these activities will be available soon.
For additional information, please visit LIG Assets corporate website: www.ligassetsinc.net.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. Those statements include statements regarding the intent, belief or current expectations of LIG Assets, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.