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LIG Assets, Inc. Elects Aric Simons as Chairman of the Board

Wednesday, 07 December 2016 08:45 AM

LIG Assets, Inc.

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Joe Venezia and Marvin Baker join Advisory Board to add veteran real estate development, project management and media experience

DALLAS, TX / ACCESSWIRE / December 7, 2016 / LIG Assets, Inc. (OTC PINK: LIGA) (also known as the "Leader in Green Assets" or "LIGA") announces its Board of Directors has approved the nomination of Mr. Aric Simons as Chairman of the Board. Aric has accepted bringing the official Board of Directors to three members. Additionally, Joe Venezia and Marvin Baker have accepted key roles on the Advisory Board. It is noted that Advisory Board members are not members of the official Board of Directors for LIG Assets, but serve as advisors to help the Company succeed.

Aric Simons has been instrumental in the turnaround of LIG Assets, Inc. over the past six months. As a practicing attorney, Aric recently negotiated a Settlement Agreement with the Company's largest creditor that resulted in a reduction of over $750,000 in debt from its balance sheet. This settlement allows LIG Assets to move ahead on its new business plans to construct affordable sustainable homes.

Aric founded Aric Simons & Associates in 1989, a practice focused on contract law in the entertainment and real estate industries. Aric has a long list of accomplishments, clients and contacts that will contribute to the growth and development of LIG Assets, Inc. Aric brings extensive real estate experience through construction of numerous development projects in and around the city of Chicago.

Among his experience, Aric represented a State of Illinois legislative delegation and co-drafted legislation for Digital Rights Management, and drafted Amicus Brief for non-interactive license litigation. He also represented the Italian Consulate in Chicago for International transactions and served as Legal Counsel to the Illinois House Majority Chief of Staff. Aric received his B.S. in Business from the University of Illinois, Champaign-Urbana in 1984 and received a Juris Doctor from DePaul University College of Law in 1988. He was admitted to the Illinois State Bar to practice law in November of that year.

Now that LIG Assets is firmly focused on execution of its business plan to build affordable sustainable home developments and communities, it has also bolstered its Advisory Board through the additional of two valuable new members; Mr. Joseph Venezia and Mr. Marvin Baker.

Joe is a visionary leader skilled in managing the development and construction of assets through comprehensive planning, financial, schedule analysis. Joe is capable of taking a project from concept to completion, and is considered an expert in feasibility, planning, budgeting, entitlements, construction oversight and contracts. Among his deep real estate experience, Joe was Project Executive for three large-scale urban redevelopments. He also served as Senior Construction Manager for pharmaceutical campus repurpose projects that included bio-physical labs, admin and manufacturing, column packing and clean space. Joe also was Operational Executive for high profile restoration projects such as the Pentagon post 911, big box retailers post Katrina, and manufacturing facilities after major floods in the Midwest.

Marvin Baker, based in Nashville, TN, is a successful corporate consultant and media executive with broad experience in all aspects of advertising, NTR sponsorship deals, distribution, syndication, packaging and management. Marvin has direct experience with negotiating contracts internationally, consulting with major TV and radio owners, and identifying venture capital. He is particularly interested in turnaround situations, where he can assist companies to develop a detailed strategy to smartly manage its finances and deliver profitability.

About LIG Assets, Inc.

LIG Assets, Inc. (OTC PINK: LIGA), is focused on residential and commercial real estate acquisition and development as well as expansion into other sectors via potential acquisitions, mergers and joint venture partnerships. To receive updates directly from the company when material is disclosed, please visit www.LeaderInGreenAssets.com and subscribe to our investor newsletter.

Forward-Looking Statements

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 on file at www.OTCMarkets.com.

Contact Information:

Shareholder/Investor inquiries can be directed to:

LIG Assets, Inc.
President: Charles Gambino
Email: [email protected]

SOURCE: LIG Assets, Inc.

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