Lig Assets Inc (OTCMKTS:LIGA) shares dipped 2.39% on Wednesday to $0.00449 and were unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.01. The company has a market cap of $366K at 79.61 million shares outstanding.
Lig Assets Inc is a company that is focused on exclusive green, renewable energy and sustainable homes, living systems, technologies and components to be utilized in the residential and commercial real estate acquisition and development projects currently under way and now individual product sales, as well as rapid expansion into other sectors via acquisitions, mergers and joint venture partnerships.
In a press release, Lig Assets Inc announced that it has entered into a Joint Venture Partnership with LIVE SHIP Global Seafood Logistics to utilize their exclusive sustainable technologies and products to upgrade existing structures and construct new, state-of-the-art warehouses and distribution centers in conjunction with live seafood transportation systems across North America. This partnership also has plans to plans to expand the partnership to projects in Australia and South East Asia that completely revolutionize how live seafood is stored and shipped worldwide.
“The tremendous help and support that LIGA, and in particular, LIGA’s Chairman of the Board, Aric Simons has provided my company, along with our newly formed partnership, and of course LIGA’s unique application of materials and technology, will propel LIVE SHIP to heights we never before dreamed possible — not to mention completely revolutionize and forever change the global seafood industry — Aric was right; these are literally the most amazing products and technology we’ve ever seen — a total game changer for our company, the industry and soon the world!” Gillis further states, “In the interest of full disclosure, members of the Gillis family, including myself & son, have purchased over 219 million shares of LIGA common stock on the open market with plans to not only hold our shares for the long term, but to continue to support LIGA, our partnership and expansion plans by reserving the option for LIVE SHIP and/or members of the Gillis family to purchase additional amounts of LIGA stock as our partnership develops and flourishes,” noted Jim Gillis, President of LIVE SHIP.
Lig Assets Inc has technologies utilizing Magnesium Oxide & Geo-Polymers that are toxic free compared to traditional materials and possess vastly superior mould, fungus and rot forming resistance. These materials withstand temperatures of 4,000 degrees and can be produced replicating the aesthetics of virtually any natural substance. This improves the health and longevity of live seafood products by providing the materials for increased care of product at all points of the supply chain.
This Joint Venture is not only consistent with our revenue growth goals but also our larger mission of disrupting the construction industry in a manner that is economically beneficial and promotes growth in a responsible sustainable manner for future generations. LIGA is very fortunate to partner with LIVE SHIP, a company that is certain to disrupt the seafood delivery industry and shares our corporate values,” cited Lig Assets Inc Chairman of the Board Aric Simons.
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