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LIG Assets, Inc. Announces Entry into Asset-Based Real Estate Lending

LIG Assets, Inc. Announces Entry into Asset-Based Real Estate Lending

Sept. 16, 2010 - PRLog -- DALLAS, TEXAS – LIG Assets, Inc. (LIG) (OTC: LIGA.PK), a Dallas-based investment company, today announced it is entering the asset-based real estate lending market.  To oversee this new program, the company has hired L. Scott Horne and J. Dave Aarant, who bring unparalleled expertise in the residential investment marketplace.  Since 1989, through their personally controlled entities, they have purchased and remodeled over 2,500 residential properties and have provided approximately 4,000 asset-based loans to single family investors, totaling in excess of $250 million.  In addition, Mr. Horne is a title attorney and mortgage broker, and Mr. Aarant is a real estate broker and property tax specialist.  Both have built homes and have been Full Eagle mortgage bankers.

Jeff Love, President and Chief Executive Officer of LIG Assets, commented on this new business opportunity.  “We’re trying to fill the void left by banks, hard money lenders, and mortgage companies in the real estate marketplace,” Love said. “LIG has a niche opportunity to provide acquisition capital to real estate investors seeking to capitalize on the phenomenal investment opportunities in the marketplace.”

LIG and its team will locate prospective properties and clients and will analyze each property to determine the market value based on appraisal; determine construction requirements, if any, to place the property in good and marketable conditions; and obtain financial and credit information on the potential borrowers.

For additional information on LIG’s asset-based lending program, contact LIG Assets at 214-760-1000, www.ligassetsinc.net.

Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. Those statements include statements regarding the intent, belief or current expectations of LIG Assets Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact:  Jeff Love
Chief Executive Officer, LIG Assets, Inc.
jefflove@ligassetsinc.net  214.760.1000
Geralyn DeBusk
President, HIR (Halliburton Investor Relations)
gdebusk@HalliburtonIR.com  972.458.8000

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About LIG Assets
LIG Assets, Inc. (OTC: LIGA.PK), a development stage company, focuses on income-producing opportunities in the real estate, oil and gas, and distribution sectors. The company acquires, rehabilitates and sells commercial and residential real estate, providing second chance opportunities for home buyers and restoring structures to help promote growth in the economy. LIG is also a production company focused on exploitation and is committed to employing technical and operational expertise in the geologic trends generating hydrocarbons for a demand-driven market while acquiring new concessions. In addition, LIG owns 51% of Jones Products Company, developer of Simple Step CPAP mask cleaner, a gentle, odorless disinfectant for the masks of CPAP (continuous positive airway pressure) machines. For additional information, please visit LIG Assets corporate website: www.ligassetsinc.net.

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Source:LIG Assets, Inc.
Location:Dallas - Texas - United States
Industry:Real Estate, Property, Finance
Tags:Asset Based Lending, Hard Money Lending, Real Estate
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