SOURCE: Alpine TLI Group, Inc.

May 01, 2008 16:05 ET

Alpine TLI Group, Inc. Announces Research Report With Speculative Buy Rating

PLEASANT GROVE, UT--(Marketwire - May 1, 2008) - Alpine TLI Group, Inc. (PINKSHEETS: APGR), a full service tax lien and tax deed purchase, research, and property management company, today announced it was rated "Speculative Buy" with a near term target price of $0.32 by Beacon Equity Senior Research Analyst, Lisa Springer, CFA.

The full report is available at http://www.beaconequity.com/reportsonline/APGR

In the report Ms. Springer writes, "We derive a target price for Alpine shares by multiplying our $0.02 earnings estimate by a 16 times Price/Earnings multiple, which is the average Price/Earnings multiple for the Investment Services peer group. Property management companies currently trade at 23 times average Price/Earnings multiples so we think our valuation approach is conservative. Multiplying our $0.02 earnings estimate by a 16 times Price/Earnings multiple, we obtain a $0.32 price target for Alpine shares. As a result, we are initiating coverage of Alpine TLI Group, Inc. with a Speculative Buy rating and a $0.32 price target.

"We think the Company has identified a lucrative niche in property tax lien and deed purchasing and is well-positioned to capitalize on profit opportunities resulting from high foreclosures and a bearish housing market in the first half of 2008. An estimated $10 billion in property tax liens are auctioned each year so there is no shortage of investment opportunities for Alpine. We caution investors to consider the risk factors discussed below before investing, however, since Alpine must overcome major hurdles, such as obtaining significant additional financing, to build its targeted $60 million real estate portfolio."

About ALPINE TLI GROUP, Inc.

ALPINE TLI GROUP, Inc. is a full service tax lien and tax deed purchase, research, and property management company. Alpine specializes in identifying and researching properties that have the propensity of creating a highly leveraged investment opportunity through the purchase of real estate tax lien certificates and tax deeds.

It is estimated that over $10 Billion in property tax liens are offered for sale annually representing over $1 Trillion in potential property value profits for the purchasers of these tax liens. Tax lien certificates are typically acquired by Alpine for 1% to 20% of the property value. If the lien is redeemed by the property owner, a return of 4% to 25% APR is realized by Alpine. If the lien is not redeemed, the deed to the property is granted to Alpine, free and clear of all encumbrances. More information on Alpine TLI Group is available online at http://www.AlpineTLIGroup.com/

Safe Harbor Statement

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Alpine TLI Group, Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information

  • For more information, please contact:
    Alpine TLI Group, Inc.
    Investor Relations
    888-947-4440
    Email Contact