LIG Assets, Inc. and New Energy World LLC. Sign MOU and Announce Partnership to Develop Buck Lake Ranch into a World-Class Sustainable Entertainment and Environmental Tech Campus
NASHVILLE, TN - February 5, 2025 (NEWMEDIAWIRE) - LIG Assets, Inc. (OTCQB: LIGA) and New Energy World LLC (NEW) have entered into a Memorandum of Understanding (MOU) regarding a proposed merger or joint venture aimed at establishing a premier sustainable consulting and development firm. This strategic alliance capitalizes on NEW's extensive, vertically integrated network, which includes innovative non-combustible construction and technology providers, advanced materials, and a proven track record in executing projects involving recycled cold-formed American steel. NEW's experience encompasses residential and commercial developments, off-grid resorts, and metal modular multifamily systems. The partnership also presents opportunities to acquire intellectual property, leveraging LIGA's expertise in sustainable development, client consulting, and capital markets through the OTC.
The combination of New Energy World and LIGA will create a powerful force in the sustainable development industry. By leveraging their combined strengths and expertise, the merged entity will become a leading provider of innovative, sustainable solutions for a wide range of clients and projects.
The first of multiple projects that NEW/LIGA will undertake is the development of the historic Buck Lake Ranch property into a groundbreaking, sustainable-centric themed entertainment, event, and environmental campus. This collaboration marks the first step toward a potential merger, contingent upon the successful development of Buck Lake Ranch and other planned initiatives.
As previously mentioned in LIG Assets financial statements, BGTV Direct has been returned to private ownership which leaves the holding company balance sheet almost debt free. The receivable from BGTV will be reclassified as an investment in Buck Lake Ranch and the majority ownership stake in Buck Lake Ranch will be transferred to LIG Assets. This financially benefits both companies balance sheets.
LIGA, under the leadership of Marvin Baker, has spent the last seven years revitalizing the Buck Lake Ranch property, leveraging its rich history and entertainment legacy. Through strategic land acquisition, LIGA has significantly increased the property's net asset value, creating an ideal environment for this ambitious project.
"Buck Lake Ranch isn't just a piece of land; it's a legacy," says Marvin Baker of LIGA. "We've meticulously assembled the surrounding acreage to create a canvas for innovation. This partnership with New Energy World allows us to realize the full potential of this property, building a world-class destination that embodies sustainability and American ingenuity."
NEW brings to the partnership a robust network of partners and strategic alliances specializing in sustainable systems integration. Their expertise encompasses a range of cutting-edge technologies, including light-gauge steel construction, high-performance cements, integrated water and energy systems, food forests, and high-density/high-efficiency vertical plant growth systems. These technologies will be central to the development of Buck Lake Ranch, ensuring its position as a beacon of sustainable development.
The Buck Lake Ranch development will be a unique destination, attracting artists, creators, event organizers, corporations, government agencies, NGOs, and anyone seeking an inspiring and sustainable setting. LIGA encourages those interested in utilizing this exceptional venue to contact them now to participate in the early planning stages and secure preferred booking times and space.
This is just the beginning, Buck Lake Ranch is the first of many projects LIGA envisions with New Energy World. Together, we're exploring opportunities in master-planned quantum health community developments, model homes in select locations, and sustainable logistics and housing production campuses. We believe this partnership will redefine sustainable development and create lasting positive impact. The new venture will focus on long-term partnerships with sustainable, non-combustible community developers, while also pursuing its own internal developments, such as Buck Lake Ranch and other planned projects in key locations to be announced in Q2 2025.
This partnership between LIGA and NEW represents a significant step toward a potential merger, focused on creating a portfolio of sustainable development projects that generate both financial returns and positive environmental and social impact. Further details regarding the potential merger and new business developments will be released as available. The new website for the partnership with New Energy World can be found at www.NewLIGA.com.
About New Energy World, LLC:
New Energy World is a multifaceted, advanced materials, land development, and Vertically Integrated Sustainable Technology Agency (V.I.S.T.A.). Specializing in the visioning and executive consulting of cutting-edge sustainable projects, NEW has a national consortium of high-performance materials, supply chain, and labor providers. NEW works with them, as well as an extended global network of affiliates, on a project-specific basis. These relationships allow NEW to not just envision and support projects from concept to completion, but also provide the resources, credentialed teams, management, and logistics it takes to execute world-class sustainable projects.
The partners at New Energy World have been working together since 2012, and during that time have been involved in the structuring of various entities and special purpose vehicles in real estate technology, real estate development, recycled CFS steel manufacturing, and metal modular and hybrid built construction systems. They have executed projects ranging from single-family to multifamily residential, commercial, non-combustible facilities, and off-grid resort projects, as well as steel framing companies and facilities nationwide, in Canada, and overseas.
About LIG Assets, Inc.:
Since the management of LIG Assets transitioned in April 2017, LIGA has successfully generated almost $25 million in deposited revenues, maintaining steady annual revenue of roughly $1 million to $9 million each year since 2017. In stark contrast, the previous management of LIG Assets reported only $5,000 in revenue for the year 2016.
Since 2022, LIGA has invested over $2 million in cash into various companies and subsidiaries, all of which were engaged in initiatives aimed at enhancing LIG Assets' financial performance. As the company enters a new year, it is an opportune moment to bring in a new team that will help extract the value of those investments made by LIGA over the years.
LIGA is finalizing new partnerships and sales agreements, expanding its operational reach with the Buck Lake Ranch acquisition and a lease agreement with an option to purchase property in Indiana. The divestiture of BGTV Direct and reinvestment into Buck Lake Ranch opens opportunities for LIGA's innovative technologies. LIGA is streamlining operations, leveraging new sales partnerships and joint ventures, pursuing an asset acquisition strategy, and targeting positive operational cash flow in 2025, positioning itself for potential uplisting to QB and/or QX status.
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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 https://www.otcmarkets.com/stock/LIGA/overview
