FORKED RIVER, NJ--(NewMediaWire - May 24, 2017) - Dream
Homes & Development Corporation (OTCQB: DREM), an established traditional home builder,
has signed a long-term Strategic Partnership Agreement with LIG
Assets, Inc. (OTC PINK: LIGA). Dream Homes is led by its Chairman &
CEO Vincent C. Simonelli, who has been directly involved in the
construction of over 2000 home and commercial projects over the
past 25 years in the State of New Jersey. Dream Homes has projected
it will complete over $40 million new homes and renovation projects
for the next two years.
Management at Dream Homes is committed to using improved
construction materials, building techniques, engineering, and
architectural designs, which is the reason the strategic
partnership with LIGA is an excellent fit. Dream Homes intends to
begin incorporating LIGA systems in new and ongoing projects
beginning immediately. As an initial test project, Dream Homes has
identified a property near the New Jersey shoreline to construct a
home similar to the home now being built by LIG Assets in Panama
City, FL. This house will serve as a model for future development
of this kind.
Since Dream Homes is already considered a successful, respected,
and established construction company that has served to elevate or
reconstruct over 170 homes in New Jersey specifically damaged by
Storm Sandy, the newly built property with LIG Assets will serve to
demonstrate how a home could better resist potential damage from
another major storm, hurricane, fire, or flood. Since Sandy,
legislation now requires homeowners damaged by the storm to elevate
their property and abide by new codes. Dream Homes is ideally
positioned and experienced to represent these new plans, and offer
homeowners in New Jersey a better way to rebuild.
Dream Homes has a conservative target to utilize LIGA sourced
materials in at least 50% of its building projects within five
years. Assuming currently projected building projects now slated in
2017 and 2018 by Dream Homes and a 15% growth rate per year, it
represents purchases of LIGA sources materials will be in the tens
of millions of dollars by year end 2021.
Pursuant to the Strategic Partnership Agreement, Dream Homes and
LIG Assets, Inc have agreed to the following:
1. Construction of one model / spec home in New
Jersey utilizing LIGA approved and sourced construction materials,
engineering, and methods: Within 30 days of execution
of this Agreement, Dream Homes will identify and submit proposals
with plans to purchase a lot, submit engineering plans, and
replicate construction of at least one home to include some or all
the essential materials and design included in LIGA's model home
under construction in Panama City, FL. The construction of this
home utilizing LIGA methods and materials will serve to familiarize
Dream Homes with the particular and specific LIGA construction
materials, methods, suppliers and process for a project of this
nature. Dream Homes will utilize LIGA approved suppliers for the
core construction of this home including some or all of the
following components: framing, walls, and roofing. Additional
development projects and individual homes are under consideration
and may be included at any time.
2. Introduction to LIGA suppliers, preferred
purchase agreement, and non-circumvent: LIG Assets
will introduce Dream Homes to its direct suppliers and will arrange
Dream Homes to purchase materials at preferred prices. Dream Homes
agrees not to circumvent any relationship or introduction made by
LIG Assets for purposes of financial gain. DREM understands that
LIG Assets will benefit from the purchase of all construction
materials used in construction of properties, and may benefit or
share in gains from property development, referral of financial
partners, and other related products.
3. Financial partners: Dream Homes
and LIG Assets, Inc. agree to share financial partners interested
in funding the development and construction of real estate projects
that utilize materials sourced from LIG Assets, Inc. Dream Homes
has already identified significant potential real estate projects
in New Jersey, and proposes to manage entire projects, including
architectural and site plan development, permitting &
approvals, and contracting functions. LIG Assets, Inc. has
identified financial partners that would consider funding these
large projects.
4. First right of refusal in New
Jersey: For period of five years, Dream Homes will
have the first right of refusal to be the lead contractor on any
project in New Jersey involving LIGA sourced construction materials
including magnesium oxide boards, light gauge steel, and solar
roofing solutions. Dream management believes that within five
years, over 50% of its new construction business will utilize LIGA
sourced construction materials and design and has the intention to
renew its agreements with LIG Assets after the term of the original
agreement.
5. Licensing fee: Dream Homes will
pay a nominal licensing fee to LIG Assets, Inc. per home that is
permitted and approved to begin construction. The amount of the
licensing fee will be determined prior to construction of the first
house by Dream Homes utilizing LIGA sourced design and
materials.
6. Co-marketing and branding: Since
early 2013, Dream Homes CEO Vince Simonelli has conducted a
bi-monthly "Nearly Famous Rebuilding Seminar" to educate homeowners
who need to rebuild, renovate, or elevate their home. Dream Homes
agrees to include a segment at each presentation to discuss the
benefits of rebuilding with construction materials represented by
LIG Assets, Inc. In exchange, LIG Assets shall invite Dream Homes
CEO Simonelli to speak at its upcoming "Sustainability Conference"
in June to discuss traditional construction versus the benefits of
methods and construction materials provided through LIG Assets.
Based on maintaining consistent and growing use of LIGA materials,
LIGA intends to assist Dream Homes with marketing and sales of its
co-developed projects through radio, TV, and other media.
Dream Homes CEO Simonelli stated, "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."
LIG Assets, Inc. Chairman Aric Simons stated, "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."
About LIG Assets, Inc.:
LIG Assets, Inc. in association with Robert Plarr is the emerging
"Leader in Green Assets" - 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, as well as rapid expansion into other
sectors via acquisitions, mergers and joint venture partnerships.
LIG Assets, Inc. trades on the pink sheets under the ticker symbol
"LIGA". For additional information about LIG Assets, Inc., Robert
Plarr, and/or more information about and how to purchase Plarr's
exclusive homes, structures, products and technologies or to
subscribe online to LIGA's free Shareholder Newsletter for regular
updates and alerts regarding important Company developments, please
visit the Company's website at www.LeaderInGreenAssets.com
About Dream Homes & Development Corp.
Dream Homes & Development Corp. (OTCQB: DREM) 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. As licensed new home
builders and general contractors, Dream Homes is actively raising,
renovating and reconstructing homes up and down the New Jersey
shore area. In addition to its renovation and elevation division,
Dream has several properties in development, comprising new single
family homes and townhome projects. Please visit our website
at www.dreamhomesltd.com.
Forward-Looking Statements
This press release may contain forward-looking statements. The
words "believe," "expect," "should," "intend," "estimate,"
"projects," variations of such words and similar expressions
identify forward-looking statements, but their absence does not
mean that a statement is not a forward-looking statement. These
forward-looking statements are based upon the Company's current
expectations and are subject to a number of risks, uncertainties
and assumptions. The Company undertakes no obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise. Among the important factors that could
cause actual results to differ significantly from those expressed
or implied by such forward-looking statements are risks are
detailed in the Company's respective filings at www.otcmarkets.com.
