Richard W. Barber Joins LIG Assets, Inc. as Interim Chief Financial Officer

DALLAS, Aug. 15, 2013 /PRNewswire/ -- LIG Assets, Inc. (OTCPK: LIGA), a Company focused on residential and commercial real estate, is proud to announce that it has hired Richard W. Barber to become its interim, full-time, in house Chief Financial Officer effective Monday, August 19, 2013.  The position is expected to become permanent.  LIG Assets also announces that it has contracted the services of The Hall Group, Certified Public Accountants of Dallas, Texas to become its outside auditor so that LIGA can file to become a fully reporting Company.

Mr. Barber has extensive CFO experience at companies such as Bank of America Investment Services, Inc., Computer Clearing Services and Global Asset Management, Inc.  Other notable major firms that Mr. Barber has worked for include J.P. Morgan, and Ernst & Young.  Mr. Barber holds an M.B.A. in Finance from Columbia University, New York.

Mr. Barber stated, "I believe LIG Assets is currently structured for success, but the Company is in need of a person with my experience to manage its cash flow, grow its balance sheet, effectively analyze its lease back contracts, close real estate transactions, and become a fully reporting entity."  He continued, "Based on my considerable experience in both real estate and finance, I intend to help make LIG Assets a highly profitable and fully reporting Company that should, in turn, create significantly more value for the shareholders."

About The Hall Group, CPAs

The Hall Group CPAs is a PCAOB registered CPA firm specializing in audit and review services for publicly traded companies and their filings with the Securities and Exchange Commission (SEC).  The Hall Group has offices in Downtown Dallas and the DFW Metroplex, and can be found at www.thehallgroupcpas.com. 

About LIG Assets, Inc.

LIG Assets, Inc., based in Dallas, TX, is a Company focused on residential and commercial real estate.  Through our Strategic Alliance with Texas Real Estate Hedge Fund, MMR Realty Advisors, InterContinental Real Estate Partners and other funders, LIG Assets has expanded its focus on multifamily, retail, hotel, and office properties with valuations between $1 million and $100 million.  LIG Assets, Inc. currently trades on the pink sheets under the ticker symbol "LIGA".  For additional information, please visit LIG Assets corporate website: www.ligassetsinc.net.

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, which are on file at www.OTCMarkets.com.

Contact Information:

LIG Assets, Inc.
1700 Pacific Ave. Suite 2600
Dallas, TX 75201
(214) 760-1000
Email: jefflove@ligassetsinc.net

SOURCE LIG Assets, Inc.