Liberty Capital Asset Management

Liberty Capital Asset Management Posts Quarterly Profits

 

LAS VEGAS--(BUSINESS WIRE)--Liberty Capital Asset Management (OTCBB: LCPM - News) (Liberty), an asset management company which acquires pools of nonperforming mortgage loans and then re-performs those loans by restructuring the financial parameters such that the defaulted borrowers can retain their homes and avoid foreclosure, today announced it has earnings of $0.06 per share or $291,888 on revenues of $2,260,181 for the nine months ending September 30, 2008. The company has remained profitable since its inception with accumulated earnings of $679,489.

Liberty Chairman & CEO Michael A. Barron said, “In an economic climate where so many companies in the mortgage and asset management industry are experiencing difficulty, we are pleased that Liberty is continuing to show growth and earnings. We think this shows that working with people who have experienced economic hardship and taking a practical approach to helping people keep their homes can be a win-win for all parties.”