Did someone say Texas?
On August 10, 2017 LIG assets formed a wholly owned subsidiary LIG Developments. LIG Developments is primarily involved in light gauge steel framing for commercial and residential buildings and homes. LIG Developments LLC has hired employees and acquired assets that are critical to success in the construction industry. In addition, LIG Developments has completed engineering, procured bonding and purchased insurance to commence construction on its initial projects located in Texas. Bids for multiple projects have also been submitted and awarded with the expectation that the projects will be underway in the short term. If successful, revenues will materially increase. While there can be no assurance at this point in time, we believe we will arrange the necessary financing for the raw materials.
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