DALLAS, TX, United States, via ETELIGIS INC., 01/02/2015 – – LIG Assets, Inc. (OTC Pink: LIGA) (PINKSHEETS: LIGA), today announced the resignation of Jeffrey B. Love as Chief Operating Officer (COO) and member of the Board of Directors, effective December 31, 2014. There are no disagreements between Mr. Love and the company.
Mr. Love has served as COO of LIG Assets since the company completed its merger with West Coast Partners, LLC and CP Resources, LLC in September 2014. Previous to that transaction, Mr. Love had served as Chief Executive Officer from the time that the company became publicly traded in 2010. During his tenure as CEO, the value of the company’s residential real estate assets grew from zero to an estimated $25 million.
Dennis Hopkins, President of LIG Assets, Inc., commented, “We want to thank Jeff for his years of service to LIG Assets and wish him all the best in his future endeavors. Jeff led the company through several important phases of its early development, including the recent merger transaction with West Coast Partners and CP Resources. Nothing that LIG Assets has accomplished so far would have been possible without Jeff’s contributions to the Company."
Mr. Love’s resignation leaves the company with three Board members. No additional Board appointments are anticipated in the near term.
About LIG Assets, Inc.
In September 2014, LIG Assets, Inc. based in Dallas, TX, a Company focused on residential and commercial real estate, merged with West Coast Partners, LLC and CP Resources, LLC that are also based in Dallas. West Coast Partners and CP Resources are focused on oil and gas exploration and production. These entities currently have over 36,000 acres under lease in Nevada and Texas with geological reports that demonstrate the potential for massive reserves.
LIG Assets, Inc. still plans to expand its residential portfolio and increase commercial property transactions. The real estate division will continue to operate as a separate subsidiary under LIG Assets. LIG Assets, Inc. trades on the pink sheets under the ticker symbol "LIGA". For additional information, please visit LIG Assets corporate website: www.ligassetsinc.net.
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company’s current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company’s filings, which are on file at www.OTCMarkets.com.
LIG Assets, Inc.
1700 Pacific Ave. Suite 1850
Dallas, TX 75201
SOURCE: LIG Assets, Inc.