Three, Including James Mansour, Appointed to 1% Realty Board of Directors

One Percent Realty, Inc. announced today the appointment of three new members to its Board of Directors. James Mansour, currently serving as Chairman of the Board of Directors of Grande Communications and on the Board of ATX Technologies, was appointed as well as Randy McFadden, and Mark Perkins. Mansour, McFadden, and Perkins will join company Founder and President Steve Malachowski on the four-member Board. Messrs. Mansour and McFadden represent JMM PHLP, Ltd., an Austin, Texas based private investment partnership that recently provided a $1mm equity investment to One Percent Realty.

Austin, TX (PRWEB) July 15, 2004 -- One Percent Realty, Inc. announced today the appointment of three new members to its Board of Directors.

James Mansour, currently serving as Chairman of the Board of Directors of Grande Communications and on the Board of ATX Technologies, was appointed as well as Randy McFadden, and Mark Perkins.

Mansour, McFadden, and Perkins will join company Founder and President Steve Malachowski on the four-member Board. Messrs. Mansour and McFadden represent JMM PHLP, Ltd., an Austin, Texas based private investment partnership that recently provided a $1mm equity investment to One Percent Realty.

Mark Perkins, formerly Vice President of Sales and Information Technology at Leasing Group, Inc., has been affiliated with One Percent Realty since February 2002 and currently serves as its Chief Operating Officer.

Steve Malachowski says The expansion of our Board to include these three seasoned business professionals will provide much needed oversight to our rapidly expanding business model."

Officially opened for business in July of 2002, Austin-based One Percent Realty provides full-service residential real estate brokerage services at commission rates as low as 1%. Near-term expansion plans include San Antonio, Houston, and the Dallas-Fort Worth metroplex. One Percent Realty can be found on the web at http://www.OnePercentUSA.com.