SOURCE: Texas Hill Country Barbecue, Inc.
DALLAS, TX--(Marketwire - Mar 20, 2013) - Jerry Monday, Chief Executive Officer and Chairman of the Board of Texas Hill Country Barbecue, Inc. (PINKSHEETS: THCB), announced today that the THCB Board of Directors has sold controlling interest to LIG Assets, Inc. of Dallas, Texas. LIGA is a multi-faceted worldwide investment company focused on real estate, entertainment, hospitality and other profitable sectors of the economy.
"We have been looking for an acquisition that made sense for our shareholders. We anticipate no reversal of THCB stock and look forward to being part of LIGA's expansion program," said Monday.
Jeff Love, President of LIGA, will be the new President and Chairman of the Board of Texas Hill Country Barbecue, Inc.
"We look forward to transferring a portfolio selection of LIGA's operating assets into the THCB entity and creating shareholder value as we grow this Company," said Love.
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," "intend," "believe," "plan," "estimate," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that cause or contribute to such differences include the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations.