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Defendant, Outdoor Venture Corporation (OVC) appears to have supplied U.S. Military field tents to the General Services Administration for many years. It appears that the US Government now favors hard shell, energy efficient structures over older tent styles for some uses and longer deployment. Plaintiff’s product, LeepCore, (usable for Man-Camps), is alleged to have been successfully tested by the U.S. Army to replace cloth field tents. It is made of light steel with foam inside the panels and is hard shelled and energy efficient.
A LeepCore building for 8-20 soldiers can be delivered by helicopter or truck to front line warfare Command positions and assembled in normally 4-6 hours. The buildings can be disassembled and ready to be relocated normally in less than 4-6 hours.
The LEEP structure is adaptable for multiple military and government uses such as command centers and medical stations. The structure can have any combination of business offices, sleeping, washroom and eating areas, all with climate controlled temperatures.
During 2012 the Defendants and LEEP conducted an extensive discussion on a manufacturing JOINT VENTURE. Defendant, OVC, would manage a 50/50- owned Joint Venture and be given a license to manufacturer LeepCore panels exclusively for LEEP, Inc. LEEP, Inc. would then sell the finished product. At that time Defendant signed a Nondisclosure and Non-circumvention Agreement. LEEP, Inc. exposed all of its Patent information and proprietary product information, sales forecasts, customer information and details of their credit relationships, including a Secured Note for $4,000,000.00 with a money lender in New York. Defendant has an affiliation with another company, Kentucky Highlands Investment Corporation (KHIC), which is a 501C-3 not for profit, operated by a Director of the Defendant. The Defendant officially terminated all Joint Venture negotiations with LEEP. Subsequently, KHIC negotiated the purchase of the Secured Note for $4,000,000.00 from the note holder in New York for approximately $750,000.00 (19%).
Defendants then acted in a manner which harmed Plaintiff’s everyday business. Defendants, apparently under the assumption that they could now capture the assets of LEEP, Inc., claimed they were foreclosing on the Note and proceeded to seize all of LEEP, Inc.’s assets that they could. Allegedly, they paid the Landlord of Plaintiff in Pennsylvania to let them into the factory and they removed manufacturing equipment and finished inventory, including equipment and inventory belonging to third parties. Defendants then moved this equipment and materials across State lines. Defendants then hired away Plaintiff’s employees, which impeded Plaintiff’s ability to complete normal sales orders for LeepCore panels.
Some of the equipment confiscated by Defendants is owned by third parties. The two third party owners of that equipment have filed two separate actions against the Defendant in US Federal Court (Case #6:13-CV-00047-DLB and Case #14 00438 Lycoming County, PA).
In a 3rd law suit on this matter, the insurance company that is defending Defendant has now filed a lawsuit against their own client with a Motion for a Declaratory Judgment to be removed from the case as Defendant’s Counsel (Case #6:13-cv-222-DLB), and also for reimbursement of all legal fees and expenses.
Brief LeepCore Product Description
LeepCore panels are hurricane and fire rated, earthquake resistant, termite, insect, mold and mildew resistant. They are closed-cell polyurethane-filled, steel-skinned building panels. The panels only weigh approximately 3.2 pounds per square foot, so they are very easy to move and construct with. Each panel is 2 feet wide, 4 inches thick, and can be built up to 12 feet long (or high). They are assembled with an interlocking channel system that creates a solid surface that is highly resistant to weather and sound.
To view past success stories using LeepCore products and to view technical data on the product, please visit www.leepinc.com.
Benefits and Features of LeepCore
Benefits:
Permanent, Portable, Emergency Housing for new Oil or Mineral Discovery Sites
Fire Resistant- reduced insurance Premiums
Hurricane, Monsoon and Typhoon resistant
Insect resistant- no hollow space for bugs. vermin, snakes or spiders to hide
Mold resistant-no hollow space for moisture to accumulate
A human shelter against Earthquakes, Tsunami, Snow Avalanche or Forest Fire
Minimal Maintenance
Lower costs for air conditioning and/or heating
Residential and Vacation Homes, Garages, Storage Buildings, Office Buildings, Freezers…
Construction Costs are competitive with traditional methods
Completion Times usually much shorter than traditional methods
Approximate R-25+ insulation value
Could house millions in Under Developed countries
LeepCore Materials are projected to far outlast traditional stick building materials
Features:
All steel panels with foam inside
Roof and walls are interlocked for strength and bolted to a concrete pad
Can have low or high ceilings
If flooded, structures can be power washed and are mold and mildew resistant
Panels are tongue and groove with thermal-breaks for improved insulation
Minimal heat or air conditioning loss from conductivity
Longevity could be indefinite
For more information about the LeepCore product, please click www.leepinc.com.
Man, this is way too cheap here.
SWHI .0005 almost gone!
Selling is done! Bring on the R/M !!!
SWHI float under 200 mil! with merger coming and its trading under .001?? way undervalued!!!
Looks like today was note conversion final day!? selling looks done as of today.
Possible SWHI start moving up soon!
LPPI O/S is 63 mil only!!
yup, and this low low floater can run hard
LPPI this is great news!!! with O/S only 62 mil!!!
http://leepinc.com/news/other/first-residential-projects-and-more-news.aspx
First Residential Projects and More News
Louisville, KY, October 20, 2014 -- LEEP, Inc. announced our first LeepCore residential house is currently under construction. The exterior of the house will be made entirely of LEEP panels, and is just over 2,000 square feet per floor. The builder constructing the house has many years experience in the construction industry, and is extremely pleased with the ease and speed of construction. He has meticulously looked at other panels and competitive products for building a sustainable, energy efficient, yet affordable house, and is convinced, as we are, that there is no better material with which to build a house. This will be a multi-story house, meets or exceeds all the local building codes, and will set a new standard for construction in that area, according to the builder. The builder has also executed an agreement to become a sales agent for the company, and indicated he has several potential customers waiting to see his finished product. A second builder has committed to use our panels in a residential development scheduled to commence next Spring in a different part of the country.
The Company (LEEP) continues to build mail screening buildings for the Federal government. We recently delivered four new units for use at Embassies and Consulates in various parts of the world, including Africa and Ecuador, and currently have seven (7) more in production, some of which are for new Defense Contractor customers. We expect to deliver those units shortly, and anticipate additional orders.
The Company also continues to prosecute the lawsuit we filed in January 2013 against the two companies who violated our Non-disclosure and Non-circumvention Agreement and have attempted to harm our business for their own gain. Our legal counsel was finally able to take depositions of the principals of the two companies involved, and is filing a motion to amend our suit to include a claim of “aiding and abetting” against one of the defendant companies, based upon their admissions in the depositions. At the same time, we are requesting the court to set a trial date to try to expedite what has been an interminably slow process. Our counsel remains confident that we will prevail, and we will continue to prosecute the case with as much dispatch as the system will allow.
LEEP is actively pursuing joint venture partners for the purpose of funding new manufacturing capability, and has recently had fruitful discussions with two interested and capable parties who would make a sizable capital investment in a panel manufacturing operation. The level of interest in our panel product continues to grow in a variety of markets, which justifies a new manufacturing initiative.
LPPI is getting ready for big run! imo
SMVR news looks great!!!
LPPI had great news!
http://leepinc.com/news/other/first-residential-projects-and-more-news.aspx
First Residential Projects and More News
Louisville, KY, October 20, 2014 -- LEEP, Inc. announced our first LeepCore residential house is currently under construction. The exterior of the house will be made entirely of LEEP panels, and is just over 2,000 square feet per floor. The builder constructing the house has many years experience in the construction industry, and is extremely pleased with the ease and speed of construction. He has meticulously looked at other panels and competitive products for building a sustainable, energy efficient, yet affordable house, and is convinced, as we are, that there is no better material with which to build a house. This will be a multi-story house, meets or exceeds all the local building codes, and will set a new standard for construction in that area, according to the builder. The builder has also executed an agreement to become a sales agent for the company, and indicated he has several potential customers waiting to see his finished product. A second builder has committed to use our panels in a residential development scheduled to commence next Spring in a different part of the country.
The Company (LEEP) continues to build mail screening buildings for the Federal government. We recently delivered four new units for use at Embassies and Consulates in various parts of the world, including Africa and Ecuador, and currently have seven (7) more in production, some of which are for new Defense Contractor customers. We expect to deliver those units shortly, and anticipate additional orders.
The Company also continues to prosecute the lawsuit we filed in January 2013 against the two companies who violated our Non-disclosure and Non-circumvention Agreement and have attempted to harm our business for their own gain. Our legal counsel was finally able to take depositions of the principals of the two companies involved, and is filing a motion to amend our suit to include a claim of “aiding and abetting” against one of the defendant companies, based upon their admissions in the depositions. At the same time, we are requesting the court to set a trial date to try to expedite what has been an interminably slow process. Our counsel remains confident that we will prevail, and we will continue to prosecute the case with as much dispatch as the system will allow.
LEEP is actively pursuing joint venture partners for the purpose of funding new manufacturing capability, and has recently had fruitful discussions with two interested and capable parties who would make a sizable capital investment in a panel manufacturing operation. The level of interest in our panel product continues to grow in a variety of markets, which justifies a new manufacturing initiative.
That sounds pretty big.
LPPI
SWHI added today.
feels like it may move soon.
Interesting Og! I'll watch WLOC Thanks!
SWHI added more today.
I'm holding all.
IMHO this is the kinda stock that has potential to do 10-20+baggers .
GRAS .0005s thinning
GRAS .0004s thinning out.
LIGA .0016 possible R/M play !!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107297358
LIGA Merger? Thats great!!!
.0007s falling!
SWHI ALERT!
SWHI float is small!!!
SWHI getting ready here!
AJAC pos nice lil bounce
LIGA float is around 200mil only!!
Assets: $21 Million
Revenue: $2.5 million
.05 sound good to me
DALLAS, Sept. 16 /PRNewswire/ -- LIG Assets, Inc. (LIG) (Pink Sheets: LIGA), a Dallas-based investment company, today began distributing and marketing a new cleaner and disinfectant for the masks of CPAP (continuous positive airway pressure) machines, which provide breathing therapy primarily for patients suffering from sleep apnea.
The unique CPAP mask cleaner/disinfectant, called Simple Step, was developed by Jones Products Company, LLC, which is 51% owned by LIG Assets, Inc. Simple Step is an odorless, multi-purpose surface cleaner and disinfectant that contains no alcohol. Originally developed in 2002 by a respiratory therapist, Simple Step is a safe, easy way to clean and disinfect home medical equipment without any residue or scent. The active ingredient in Simple Step is effective against mold, fungus, and bacteria.
"We are excited to roll out this revolutionary new CPAP mask cleaner," said Jeff Love, President and Chief Executive Officer of LIG Assets. "In the past, users of CPAP machines had limited options for sanitizing their CPAP masks, often resorting to using alcohol-based disinfectants, which had a strong odor and were irritating to the patient, or using citrus-based sprays which would clean but did not disinfect the mask. Simple Step Mask Cleaner solves both of these issues with its odorless, alcohol-free, sanitizing formulation."
In addition to disinfecting CPAP masks, Simple Step is also effective on all types of respiratory equipment, including but not limited to oxygen masks, small volume nebulizers, ventilators, and humidifiers as well as filters, apnea monitors, ear probes, blood pressure monitoring machines, wheel chairs, and other home health equipment. Simple Step is the only CPAP disinfectant and cleaner that is available as both a spray and a wipe. It is safe and gentle for skin, including delicate facial areas, and will not cause deterioration on plastic or silicone.
Though Simple Step Mask Cleaner is initially being marketed to users of home medical equipment, the cleaner can be safely and effectively used to clean and disinfect other areas in the home, including telephones, kitchen counters, and computer keyboards.
For more information, or to purchase Simple Step mask cleaner, contact LIG Assets, Inc. at 214-760-1000, www.ligassetsinc.net.
About LIG Assets
LIG Assets, Inc. (OTC: LIGA.PK), 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, LIG owns 51% of Jones Products Company, developer of Simple Step CPAP mask cleaner, a gentle, odorless disinfectant for the masks of CPAP (continuous positive airway pressure) machines. 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.
LIGA ridiculously cheap here!
XCLK great news!!
news not showing on ihub.
there ya go