DALLAS, TX--(Marketwired - Dec 19, 2016) - LIG Assets, Inc. (OTC PINK: LIGA), also known as the "Leader in Green Assets" or "LIGA," today announced it has signed an agreement to co-develop its first official property to showcase its brand of sustainable, green, disaster-resistant homes. Construction of the waterfront property in Panama City Beach, Florida is scheduled to begin in January 2017 with an aggressive completion schedule. LIGA high performance homes are designed to be constructed in a more efficient and cost-effective manner than conventional homes.
LIGA aims to deploy state-of-the-art technology and methodologies to bring sustainable housing to a price level that is competitive with traditional construction. Its business plan is to allow the average homeowner the ability to purchase a home in one of its developments that is sustainable, thus significantly reducing expenses for water and power. Additionally, LIGA will utilize construction materials that exhibit the highest ratings of moisture, mold and fire resistance and are far less susceptible to aging decay associated with traditional building materials. The company's designs are not necessarily intended for a niche market but scalable for mass development.
The model home on the Panama City Beach property will serve to demonstrate and incorporate all elements of the company's innovative construction, design, and technology. LIGA also plans to implement "Agrihoods" in this design -- a way for homeowners to grow quality food indoors for personal consumption or sale. LIGA will discuss more about its innovative "Agrihoods" in the first quarter of next year. Once completed, the home will be available for public viewing through open houses and online virtual tours.
Advisory Board member Adam Good stated, "LIGA is actively pursuing and developing, projects that range from small scale high performance showcase homes, like the one in Panama City Beach, to much larger home community developments that involve construction plans of over 1,000 homes. LIGA is working with its partners and advisors to value engineer its own brand of energy efficient, high performance homes that are priced and built for developing mass markets."
Aric Simons, LIGA Chairman and Corporate Counsel, stated, "We believe Panama City Beach is an ideal location to showcase our homes. It is common to homes in this area to experience mold and weather decay or even complete destruction due to hurricanes. We are confident that our homeowners will have a mold and moisture resistant home that will not only save significantly on water and power, but also withstand the brunt force of a natural disaster."
Mr. Simons plans to personally visit with co-developers of the Panama City Beach project from Tuesday, December 20 to Thursday, December 22. He will also visit other properties in the area that might be suitable for future developments.
LIGA President Charles Gambino concluded, "We are pleased to report that, yet again, we managed to enter another agreement without the need to issue stock of any kind. We remain committed to our goal to significantly enhance shareholder value without dilution to our shareholders."
About LIG Assets, Inc.
LIG Assets, Inc. (OTC PINK: LIGA), is focused on residential and commercial real estate acquisition and development as well as expansion into other sectors via potential acquisitions, mergers and joint venture partnerships. To receive updates directly from the company when material is disclosed, please visit www.LeaderInGreenAssets.com and subscribe to our investor newsletter.
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.