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LIG Assets Announces the Release of the 2018 Annual Report on OTC Markets Showing Over $4.2 million in Revenues & Posting a Net Profit for the Year
LIG Assets Announces the Release of the 2018 Annual Report on OTC Markets Showing Over $4.2 million in Revenues & Posting a Net Profit for the Year.
About this update from Lig Assets, Inc.
[{"type":"text","content":"\nNASHVILLE, TN, April 02, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- LIG Assets, Inc. (LIGA) (also known as the \"Leader in Green Assets\" or \"LIGA\") announces it has released to shareholders its financial report for Fiscal Year ending on December 31st, 2018. This report may be found on the OTCMarkets.com at:\n https://backend.otcmarkets.com/otcapi/company/financial-report/214954/content The 2018 Annual Report posts Total Revenues of $4,239,748.00 and posting a small net profit for the year. The Company anticipates the current trend of increased revenues and net profits to continue in 2019 and beyond as the Company’s current revenue generating operations have invested heavily in various projects in 2018 that are now coming to fruition and this doesn’t take into account the real estate development projects and other value based opportunities that LIGA is developing.   LIGA President Marvin Baker stated, “We’ve taken a very different approach to building LIG Assets into a company that will last for years by financing our various projects with traditional financing vehicles.  All of us have been very diligent in making LIGA work for the long term and all indication is that we’ll be able to keep up the current pace of growth with only the current revenue generating operations.”  Baker continued “Once we can get the other opportunities with real estate and Robert Plarr’s technologies to market, LIGA’s upside in incalculable.” LIGA’s CFO Doug Vaughn states, “Our management has been working extremely hard on multiple fronts. I am pleased to report that we have made great progress cleaning up various compliance items. In April 2018, all of our operating areas were converted to a common accounting platform and all accounting was brought in house.  Our reviews made some changes to the 2017 results and by June 30, 2018, the financial review of all past results was complete, and now we have control of all accounting moving forward which will make the audit process much easier.”  Vaughn continues, “While real estate projects such as ours almost always take longer than expected, the company is in a much better position than last year. We are working on other new projects in addition to Brentwood and Panama City Beach. Our cur...