LIG Property, Inc. Supplies 2022 Abstract and 2023 Outlook

LIG Assets, Inc.

LIG Property, Inc.

NASHVILLE, TN, Jan. 04, 2023 (GLOBE NEWSWIRE) — through NewMediaWire – LIG Property, Inc. (OTC PINK: LIGA) (often known as the “Chief in Inexperienced Property” or “LIGA”), declares it’ll report over 1,000,000 {dollars} in income in 2022. Since taking on LIG Property in 2017, LIGA’s present administration has produced over $20 million in income deposited and generated a minimal of $1 million in income yearly since 2017 and expects to do the identical in 2023 or higher.

The next Wall Road Journal hyperlink, https://www.wsj.com/market-data/quotes/LIGA/financials/annual/income-statement, exhibits the progress of LIGA’s annual income. The yr earlier than 2017, LIG ​​Property below outdated administration solely produced $5,000 in income in 2016.

LIGA has invested over $2 million in money into different firms and its subsidiaries which are engaged on many offers that may enhance LIG Property backside line. With a brand new yr upon us it’s time to assessment the first accomplishments in 2022, and supply an operational and company outlook for 2023.

2022 Highlights:

1. LIGA labored on constructing out its subsidiaries LIG Developments and LIG Properties. LIGA is finalizing a number of acquisitions and joint ventures for these subsidiaries.

2. LIG Property carried out a number of strategic administration adjustments to align a brand new board of administrators with the marketing strategy transferring ahead. We efficiently resolved vital and burdensome indebtedness points, restricted and in some instances canceled share issuances, and carried out shareholder safety restrictions on most popular and restricted LIGA inventory.

3. As reported on the OTC Markets web site, LIGA, since 2017, has continued to keep up the present share standing, A/S & O/S are mainly the identical for the reason that new administration has taken management and is making ready to file audited financials as as quickly as potential.

4. LIGA has frozen over 100 million shares of inventory in reference to the SEC Indictments and plan on retiring these shares and presumably others as soon as the SEC finishes their investigation. Any monies obtained from ill-begotten positive aspects might be utilized to share buybacks, dividends and/or reinvesting in fiscally prudent new tasks that might produce a assured minimal return of funding.

5.) LIG Property has been concerned in merger discussions with a number of events, a few of that are a lot bigger.

6.) By the use of Company Decision, we had submitted the paperwork for a reverse break up of LIGA widespread inventory earlier than December 31, 2022. Sadly, the legislation agency had some personnel points subsequently we changed them and are within the technique of refiling the paperwork with FINRA. Implementing the reverse break up opens the chance for mergers with a lot bigger firms.

2023 targets and plans:

1. LIGA is in closing negotiations to accumulate in early 2023 an organization that may avail LIGA of a extremely vital enterprise alternative that we anticipate will end in a cloth and substantial constructive influence on our backside line.

2. LIGA plans on increasing LIG Developments and LIG Properties headquartered in Nashville, Tennessee, and has been engaged on acquisitions and contracts. A few of these potential offers and acquisitions are already close to completion whereas others are slated to begin within the close to future.

3. LIG Property plans to spin off BGTV Direct to assist broaden the corporate into different sectors as soon as these acquisitions talked about above are accomplished. BGTV has been instrumental within the income stability of LIGA in 2022. BGTV Direct is engaged on a number of million-dollar contracts for 2023 and is increasing its west coast gross sales workplace in Las Vegas, Nevada. If the brand new offers pan out, the gross sales workplace in Las Vegas would double the corporate’s projected revenues in 2023 and enormously enhance BGTV’s revenue margins.

4. LIGA’s nonetheless working to deploy state-of-the-art know-how and methodologies to convey sustainable and disaster-resistant housing and business developments to a value degree that’s aggressive with conventional development. LIGA’s marketing strategy is to make the most of a few of these present JV’s and acquisitions to offer the typical home-owner the flexibility to buy a house in one in all its developments that’s sustainable; thus considerably lowering bills for water and energy.

5. In late 2022, LIGA was approached to accomplice on the Panama Metropolis Seaside property and doubtlessly serve to reveal and incorporate all components of the Firm’s modern development, design, and know-how.

6. LIGA is at the moment working to safe agreements to take part as a developer in a number of actual property growth tasks within the Midwest in 2023. As well as, LIGA is getting into into strategic and gross sales partnerships with materials suppliers and producers that may enormously improve company capabilities, operational effectivity and internet profitability in addition to present alternatives for fast firm enlargement.

7. Upon completion of the reverse break up, negotiations with merger companions (some a lot bigger) will speed up.

Marvin Baker, LIGA Chairman and President states, “The formidable plans for LIGA in 2023 are already progressing. 2022 will mark the transformation of LIGA from a developmental-holding firm right into a worthwhile firm that employs vertical and horizontal integration to maximise working efficiencies. The outcome might be realized by the improved worth of our shareholders fairness and make LIGA a family title and business chief within the months and years forward.The small quantities of money and inventory compensation for administration is an instance of our dedication to LIG Property.I wish to personally categorical my gratitude to our shareholders, a lot of whom have actively participated within the progress of our Firm by presenting worthwhile alternatives and sources during the last yr. We are going to proceed to work tirelessly to make sure that funding is rewarded.”

Sincerely,

Allan Gillis – CEO
Marvin Baker-President
Doug Vaughn – CFO

About LIG Property, Inc.:

LIG Property, Inc. in affiliation with Robert Plarr is the rising “Chief in Inexperienced Property” — centered on unique inexperienced, renewable power and sustainable and catastrophe resistant houses, dwelling programs, applied sciences and elements to be utilized within the residential and business actual property acquisition and growth tasks at the moment below method and now particular person product gross sales, in addition to fast enlargement into different sectors through acquisitions, mergers and three way partnership partnerships. LIG Property, Inc. trades on the pink sheets below the ticker image “LIGA.”

Observe alongside on Fb @ www.fb.com/ligahomes and Twitter @ https://twitter.com/ligassets

Ahead Trying Statements:

This press launch might comprise forward-looking statements. The phrases “consider,” “anticipate,” “ought to,” “intend,” “estimate,” “tasks,” variations of such phrases and comparable expressions establish forward-looking statements, however their absence doesn’t imply {that a} assertion just isn’t a forward-looking assertion. These forward-looking statements are based mostly upon the Firm’s present expectations and are topic to a lot of dangers, uncertainties and assumptions. The Firm undertakes no obligation to replace any forward-looking statements, whether or not because of new info, future occasions or in any other case. Among the many essential components that would trigger precise outcomes to vary considerably from these expressed or implied by such forward-looking statements are dangers which are detailed within the Firm’s filings on file at https://www.otcmarkets.com/inventory/LIGA/overview

Contact Knowledge

Shareholder/Investor inquiries will be directed to:
LIG Property, Inc.
Marvin Baker
Chairman. & President
Electronic mail: [email protected]

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