LIG Assets, Inc. Makes a Game-Changing Move With Large Acquisition
Published on Tuesday, 20 March 2012 11:35 Written by TradersHuddle Staff
DALLAS, March 20, 2012 /PRNewswire/ -- LIG Assets, Inc. (OTC PK: LIGA), completes a 50% acquisition of Tree House Labs, LLC. In return for this 50% acquisition, LIG Assets, Inc. guarantees and enables Tree House to acquire a five million dollar line of credit via an LIG guarantee.
LIG Assets feels that this acquisition of Tree House assets, of world-renowned and media covered technologies, coupled with LIG Assets' business acumen, is a world beating combination.
LIG Assets and Tree House feel that Tree House business revenues could exceed 50 million dollars in the next 2 years.
One of their exciting products, "BIKN," has been receiving large national media and is expected to provide a large revenue stream.
Link #1 (LA Times) http://latimesblogs.latimes.com/technology/2012/01/ces-2012-bikn-iphone.html
Link #2 (Forbes) http://www.youtube.com/watch?NR=1&v=maaanBIhuLE&feature=endscreen
Additionally, LIG Assets, Inc. is obligated to take Tree House Technologies public and its subsidiaries public.
WE SEEK SAFE HARBOUR
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, or the generation of positive cash flow as a result, updating of the corporate website or the availability of an independent geological report outlining the leases, their production, and their potential.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of gold prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
**This is just the beginning…there is SO much more to come**
LIG Assets, Inc.
SOURCE LIG Assets, Inc.
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