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Tuesday, December 11 2018 8:01 AM, EST LIG Assets Announces Non-Dilutive $5,000,000.00 Agreement for Bella Serra Residential Development Project and Subsidiary LIG Developments Joint Venture Partnership GlobeNewswire "Press Releases"
NASHVILLE, TN , Dec. 11, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE LIG Assets, Inc. (OTC PINK: LIGA) (also known as the "Leader in Green Assets" or "LIGA"
announced today a major step forward in the Companys plans for expansion, in particular the continued development of Bella Serra in Brentwood, Tennessee LIGAs upscale residential development project. The Letter of Intent includes a binding $3 million loan for direct development purposes for Bella Serra and a $2 million line of credit for LIGAs subsidiary, LIG Developments (LIGD). In addition, a preliminary agreement has been reached to combine three major companies to form a new venture/enterprise with LIGD. Per the agreement, LIG Assets, Inc. (LIGA) will remain the prime and largest shareholder of LIGD. LIGA will not comprise the integrity of the share structure and the agreement will be structured so it is non-dilutiveto the shareholders.
LIG Assets President, Marvin Baker , states, A significant part of the agreement includes a Real Estate TV Network that partners us with one of the largest real estate companies in the world once completed LIG Assets will be able to own and manage each and every step in the building and construction process, from purchase of raw land to global marketing of our unique disaster resistant and self-sufficient homes and structures, to handing the new owner the keys.
LIGA Homes President, Linda Byrd , states, " Alexa Bass , Senior VP Sales/Marketing, and I are excited to have assembled this unique and diverse portfolio of Investors to implement our dual stage funding plans for both Brentwood and LIG Developments. Their involvement will provide the funding structure to allow LIG Assets to advance exponentially in the growth of LIG Developments capabilities. The result of this loan will be a combination of streamlining our build process and eliminating the third party supply sideand become the national supplier for magnesium oxide products. One manufacturing solution through steel and MGO panel prefabrication resulting in decreased residential and commercial build time by 55% and further reducing labor cost by 45% far exceeding project budget goals not only for Bella Serra Brentwood but all projects cultivated and implemented through LIG Developments/LIG Assets.
The additional operating and development capital and credit line comes at the perfect time for LIGA Homes . LIG Assets has recently entered the next step of the Companys Bella Serra Brentwood residential development project with permitting application to Nashvilles Metro Davidson County. The completed site plan has significant projected gains of $52,470,000 Gross Sales - far exceeding the Companys original project goals. Phase One of the project will include 90 residential units total with 10 Luxury single family homes and 80 multi-family Lifestyle Condos.
Linda Byrd also states, The next critical component Alexa and I thought to identify as essential gave the most security to the investors as it willensure the success of our joint venture by theimplementation of a national sales force to propel the launch that will initiate an international campaign to promote and sell our sustainable builds. We are excited to reveal our entire plan and the names of thecompanies we have cultivated for this multiple deal structure in the coming days that will forever change ourverticalmovement north and we expect to achieve this by month end.
Company Chairman, Aric Simons , states, I would like our partners and shareholders to know that we are in the process of implementing a master contract with terms that will provide immediate capital for LIG Assets , LIGD and LIGA Homes . This partnership incorporates all elements, vertical and horizontal, with proven industry leaders that will expand LIGAs capability and resources that will position LIGA to be an industry leader in sustainable building and developments on a substantially expedited basis.
Bella Serra Brentwood:
A Luxury Mediterranean hillside resort development offering the variety of custom single family homes and the simplistic lifestyle living of condominium villas for the most discerning buyers of luxury living at its finest.The most unique feature of these homes will be the green sustainability factor built with consideration of the environment in mind. A high quality luxury resort lifestyle community with wellness in mind while reducing carbon emissions and energy consumption to improve our quality of life. Derived from the Latin/Italian influence Bella meaning beautiful and Serra meaning views from a high place or high ridge as our community rests at one of the highest peaks in Brentwood with our ridgeline facing south into Brentwood/ Franklin and the lower lined development facing toward Nashville .
Bella Serra is a concept development using sustainable building products brought to us by well-known Environmentalist Robert Plarr . Bella Serra will be Nashville and Middle Tennessees first fully sustainable community. A new approach to residential build application using light gauge steel framing versus wood framing with our high quality magnesium oxide panels where the combination creates a sustainable structure resistant to 185 mph winds, water and mold resistant, fire resistant to 3500 degrees with a burn rate of 5 hours before the material begins to breakdown.
For more information about LIGA Homes disaster resistant homes and structures please contact our Company directly at -www.LIGAHomes.comor call us at 833-LIGAHOMES
General inquiries:ContactUs@LIGAHomes.com
About LIG Assets, Inc. :
LIG Assets, Inc. in association with Robert Plarr is the emerging "Leader in Green Assets" -- focused on exclusive green, renewable energy and sustainable homes, living systems, technologies and components to be utilized in the residential and commercial real estate acquisition and development projects currently under way and now individual product sales, as well as rapid expansion into other sectors via acquisitions, mergers and joint venture partnerships. LIG Assets, Inc. trades under the ticker symbol "LIGA".
LIGA Homes in association withthe Companys other wholly-owned subsidiary, LIG Developments, LLC ., a steel framing manufacturing and design entity incorporated under the LIG Assets corporate umbrella will fast track LIGA Homesdevelopment as an emerging pioneer in the green and renewable energy sectors having successfully created the worlds first earthquake, flood, hurricane and fire resistant homes and structures that are 100% fully sustainable and disaster resistant from individual green systems and homes to fully sustainable communities and commercial centers - completely revolutionizing the sustainable and renewable construction movement forever!
LIGA PPS WONT BE .0063 FOR LONG! NASDAQ IS CALLING THEIR NAME!... LIGA LOVES IT SH EVEN GIVING US A NO R/S UNTIL PPS REACHES .03 GUARANTEE AND THEN ONLY TO MOVE TO NASDAQ!
DOLLAR LAND JUST AHEAD! LIGA IS THE REAL DEAL!
Tuesday, December 11 2018 8:01 AM, EST LIG Assets Announces Non-Dilutive $5,000,000.00 Agreement for Bella Serra Residential Development Project and Subsidiary LIG Developments Joint Venture Partnership GlobeNewswire "Press Releases"
NASHVILLE, TN , Dec. 11, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE LIG Assets, Inc. (OTC PINK: LIGA) (also known as the "Leader in Green Assets" or "LIGA"
announced today a major step forward in the Companys plans for expansion, in particular the continued development of Bella Serra in Brentwood, Tennessee LIGAs upscale residential development project. The Letter of Intent includes a binding $3 million loan for direct development purposes for Bella Serra and a $2 million line of credit for LIGAs subsidiary, LIG Developments (LIGD). In addition, a preliminary agreement has been reached to combine three major companies to form a new venture/enterprise with LIGD. Per the agreement, LIG Assets, Inc. (LIGA) will remain the prime and largest shareholder of LIGD. LIGA will not comprise the integrity of the share structure and the agreement will be structured so it is non-dilutiveto the shareholders. LIG Assets President, Marvin Baker , states, A significant part of the agreement includes a Real Estate TV Network that partners us with one of the largest real estate companies in the world once completed LIG Assets will be able to own and manage each and every step in the building and construction process, from purchase of raw land to global marketing of our unique disaster resistant and self-sufficient homes and structures, to handing the new owner the keys.
LIGA Homes President, Linda Byrd , states, " Alexa Bass , Senior VP Sales/Marketing, and I are excited to have assembled this unique and diverse portfolio of Investors to implement our dual stage funding plans for both Brentwood and LIG Developments. Their involvement will provide the funding structure to allow LIG Assets to advance exponentially in the growth of LIG Developments capabilities. The result of this loan will be a combination of streamlining our build process and eliminating the third party supply sideand become the national supplier for magnesium oxide products. One manufacturing solution through steel and MGO panel prefabrication resulting in decreased residential and commercial build time by 55% and further reducing labor cost by 45% far exceeding project budget goals not only for Bella Serra Brentwood but all projects cultivated and implemented through LIG Developments/LIG Assets.
The additional operating and development capital and credit line comes at the perfect time for LIGA Homes . LIG Assets has recently entered the next step of the Companys Bella Serra Brentwood residential development project with permitting application to Nashvilles Metro Davidson County. The completed site plan has significant projected gains of $52,470,000 Gross Sales - far exceeding the Companys original project goals. Phase One of the project will include 90 residential units total with 10 Luxury single family homes and 80 multi-family Lifestyle Condos.
Linda Byrd also states, The next critical component Alexa and I thought to identify as essential gave the most security to the investors as it willensure the success of our joint venture by theimplementation of a national sales force to propel the launch that will initiate an international campaign to promote and sell our sustainable builds. We are excited to reveal our entire plan and the names of thecompanies we have cultivated for this multiple deal structure in the coming days that will forever change ourverticalmovement north and we expect to achieve this by month end.
Company Chairman, Aric Simons , states, I would like our partners and shareholders to know that we are in the process of implementing a master contract with terms that will provide immediate capital for LIG Assets , LIGD and LIGA Homes . This partnership incorporates all elements, vertical and horizontal, with proven industry leaders that will expand LIGAs capability and resources that will position LIGA to be an industry leader in sustainable building and developments on a substantially expedited basis.
Bella Serra Brentwood:
A Luxury Mediterranean hillside resort development offering the variety of custom single family homes and the simplistic lifestyle living of condominium villas for the most discerning buyers of luxury living at its finest.The most unique feature of these homes will be the green sustainability factor built with consideration of the environment in mind. A high quality luxury resort lifestyle community with wellness in mind while reducing carbon emissions and energy consumption to improve our quality of life. Derived from the Latin/Italian influence Bella meaning beautiful and Serra meaning views from a high place or high ridge as our community rests at one of the highest peaks in Brentwood with our ridgeline facing south into Brentwood/ Franklin and the lower lined development facing toward Nashville .
Bella Serra is a concept development using sustainable building products brought to us by well-known Environmentalist Robert Plarr . Bella Serra will be Nashville and Middle Tennessees first fully sustainable community. A new approach to residential build application using light gauge steel framing versus wood framing with our high quality magnesium oxide panels where the combination creates a sustainable structure resistant to 185 mph winds, water and mold resistant, fire resistant to 3500 degrees with a burn rate of 5 hours before the material begins to breakdown.
For more information about LIGA Homes disaster resistant homes and structures please contact our Company directly at -www.LIGAHomes.comor call us at 833-LIGAHOMES
General inquiries:ContactUs@LIGAHomes.com
About LIG Assets, Inc. :
LIG Assets, Inc. in association with Robert Plarr is the emerging "Leader in Green Assets" -- focused on exclusive green, renewable energy and sustainable homes, living systems, technologies and components to be utilized in the residential and commercial real estate acquisition and development projects currently under way and now individual product sales, as well as rapid expansion into other sectors via acquisitions, mergers and joint venture partnerships. LIG Assets, Inc. trades under the ticker symbol "LIGA".
LIGA Homes in association withthe Companys other wholly-owned subsidiary, LIG Developments, LLC ., a steel framing manufacturing and design entity incorporated under the LIG Assets corporate umbrella will fast track LIGA Homesdevelopment as an emerging pioneer in the green and renewable energy sectors having successfully created the worlds first earthquake, flood, hurricane and fire resistant homes and structures that are 100% fully sustainable and disaster resistant from individual green systems and homes to fully sustainable communities and commercial centers - completely revolutionizing the sustainable and renewable construction movement forever!
LIGA PPS WONT BE .0063 FOR LONG! NASDAQ IS CALLING THEIR NAME!... LIGA LOVES IT SH EVEN GIVING US A NO R/S UNTIL PPS REACHES .03 GUARANTEE AND THEN ONLY TO MOVE TO NASDAQ!
DOLLAR LAND JUST AHEAD! LIGA IS THE REAL DEAL!
