Lig Assets Inc (OTCMKTS:LIGA) shares were up 17.72% on Wednesday to $0.00400 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 $270,500 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.
The company just recently signed a long-term Strategic Partnership Agreement with Dream Homes & Development Corporation, which is a full service construction company based in Forked River, New Jersey equipped to complete all aspects of a building project from design, architectural and engineering services through all aspects of construction. It is actively raising, renovating and reconstructing homes up and down the New Jersey shore area and has several properties in development.
Under this agreement, Lig Assets Inc will provide materials for at least 50% of Dream Homes & Development Corporation projects. Dream Homes also intends to begin incorporating Lig Assets Inc systems in new and ongoing projects beginning immediately. It has a test project in the New Jersey shoreline to demonstrate how a home could better resist potential damage from another major storm, hurricane, fire, or flood.
Assuming currently projected building projects for this year and the next plus a 15% growth rate per year, it represents purchases of Lig Assets Inc materials in the tens of millions of dollars by year end 2021.
“This agreement with Dream Homes, a respected traditional builder, represents an early manifestation of what LIGA believes to be a fundamental, disruptive shift in construction, and we are positioning LIGA to be at the epicenter,” said Lig Assets Inc Chairman Aric Simons.
“I believe the advantages to both companies are much greater than are immediately evident. It is my strong belief that the industry changes and improvements which LIGA is proposing dovetail perfectly with Dream Homes’ intention to drastically improve all aspects of our construction processes, including and not limited to those pertaining to environmental, moisture, thermal efficiency, strength, and sustainability. We look forward to working with LIGA and are excited to start integrating new building systems into all aspects of our construction projects,” said Dream Homes CEO Vince Simonelli.