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Wednesday, 05/26/2021 2:45:48 PM

Wednesday, May 26, 2021 2:45:48 PM

Post# of 53002
News: Nashville, TN, May 26, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- LIG Assets, Inc. wishes to confirm that the proposed Brentwood TN land buyout offer (mentioned in the ‘Subsequent Events’ section of the recent quarterly report) has moved to escrow. Successful completion of this deal will result in three major balance sheet improvements (numbers are approximate):

The elimination of the Real Estate debt and Heartland Capital Loans of $2.5MM.
Repay an intercorporate receivable to BGTV Direct of $285K.
Result in a net cash balance of $1.35mm.