SOURCE: LIG Assets, Inc.

March 04, 2011 09:30 ET

LIG Assets, Inc. Files Quarterly Financials With OTC Markets

DALLAS, TX--(Marketwire - March 4, 2011) - LIG Assets, Inc. (LIG) (PINKSHEETS: LIGA) announced today that it had posted its quarterly financials for the period ending December 31, 2010 with the OTC Markets. 

The Balance Sheet for the December 31, 2010 year end reflected total assets of $28,136,181, total liabilities of $6,050,678 and total equity of $23,097,445.

Jeff Love, President and CEO of LIG Assets, Inc., stated, "We experienced a good 4th quarter last year and are off to a great start for 2011. We will begin to keep shareholders and investors apprised of our activities in a timely way moving forward."

LIG Assets, Inc. (PINKSHEETS: LIGA), a development stage company, focuses on income-producing opportunities in the real estate, oil and gas, and distribution sectors. The company acquires, rehabilitates and sells commercial and residential real estate, providing second chance opportunities for home buyers and restoring structures to help promote growth in the economy. Residential properties are presently being sold in Texas, Oklahoma, Michigan, Chicago, IL, San Diego, CA and Virginia Beach, VA. LIG is also a production company focused on exploitation and is committed to employing technical and operational expertise in the geologic trends generating hydrocarbons for a demand-driven market while acquiring new concessions. For additional information, please visit LIG Assets corporate website: www.ligassetsinc.net.

Forward-Looking Statements

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.

Contact Information

  • Investor Relations Contact:
    The Eversull Group, Inc.
    Jack Eversull
    President
    972-571-1624
    214-469-2361 (fax)
    Email Contact