updated 11/22/2010 2:15:17 AM ET 2010-11-22T07:15:17

DALLAS, Nov. 19, 2010 (GLOBE NEWSWIRE) -- LIG Assets, Inc. (LIG) (Pink Sheets:LIGA), a development stage company focusing on income-producing opportunities in the real estate, oil and gas, and distribution sectors, today reported financial results for its third quarter, ended September 30, 2010.

Third Quarter, Ended September 30, 2010

The company reported a 790% increase in assets when compared to last quarter. This improved bottom line is due to the recent purchases of real estate. 

LIG Assets, Inc. CEO Jeff Love commented, "LIGA has numerous prospective purchases that will be completed soon. This includes additional residential and commercial real estate purchases, product sales and oil and gas concessions." LIG Assets, Inc. remains confident that we will be announcing the closure of high-profile contracts in the near future and appreciate the continued support of our shareholders.

About LIG Assets

LIG Assets, Inc. (Pink Sheets:LIGA), 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, we are offering asset based loans to other investment companies.  For additional information, please visit LIG Assets corporate website: 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.

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