LIG Assets, Inc. announced the appointment of Allan Gillis as the Company's new Chief Executive Officer (CEO) and Douglas Vaughn as Chief Financial Officer (CFO). As the Company's new Chief Executive Officer, Gillis will be responsible for leading and implementing LIGA's business plan and achieving the company's goals for revenue growth and expansion opportunities. Allan Gillis has extensive international experience and his travels have resulted in him consummating many successful business opportunities in Australia, Canada, China, Europe and America.

Gillis has worked with diverse entities and nations to facilitate growth of his business interests and those skills will be instrumental for doing the same for LIG Assets. Vaughn's duties as the Company's new Chief Financial Officer will be helping create strategic profitability, financial planning and budgeting, as well as financial and sales analysis. Vaughn's vast prior business experience include AVP/Sr. Financial Analyst for Leader Federal Bank for Savings, AVP/Sr. Financial Analyst for Union Planters Mortgage, Controller for AllTrans Co.

LLC & SVAL LLC, Vice President - Strategic Marketing & Sales for First Tennessee Capital Markets, and most recently as an equity and financial analyst and accountant.