ATLANTA, Dec. 5, 2012 (GLOBE NEWSWIRE) -- OTC Stock Review announces that it has initiated coverage of LIG Assets, Inc. (OTC:LIGA), a multi-faceted investment company focused on real estate, entertainment, and hospitality. LIGA trades at $0.02 per share, which is at a tremendous discount to its $0.10 book value. Also, for the past two years, LIGA has shown positive net quarterly income. In our opinion, the stock should begin to be more fairly valued as investors recognize the opportunity.
LIGA has a Real Estate Portfolio of nearly 300 residential properties that provides positive cash flow and positive net income. In our opinion, even though this portfolio provides over $3 million in annualized income; these properties should be considered hidden assets. Most of the properties were procured for two-thirds of their market value, and if liquidated, would likely generate a significant profit. LIGA also owns a storage center and has several projects under construction including a garden-style apartment complex and an assisted living center.
The real brass ring could be LIGA's SuiteMagic, a technology entertainment services company that provides internet-based television and cable programming, as well as interactive game content, to the hotel industry. We believe this opportunity is huge, since industry leader LodgeNet Interactive Corp. has seen its shares decline from $20 to $0.15 over the last five years.
The complete report is available at http://www.otcstockreview.com/LIGA_Review.pdf.
Investors can also visit the LIGA's website at http://www.ligassetsinc.net.
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