Freehold, NJ (PRWEB) July 30, 2012
A Clean Slate, Inc. (DRWN.PK) announced today that the Board of Directors has elected Mitchell Tannenbaum as the company’s new President and chairman of the board of directors.
Tannenbaum comes to the company possessing 30 years of experience in the financial reporting and business solution sales. In the last five years, he produced financial statements for public companies. He is a graduate of Wagner College with a Bachelor of Arts in Accounting.
“Now is a great time to be entering into the distressed assets arena,” says Tannenbaum. “The assets are at record low levels of the past few years, interest rates are at record lows and unemployment is improving.”
About A Clean Slate
The company is headquartered in Freehold, New Jersey and is primarily engaged in buying “distressed properties.” As a buyer of distressed real estate and mortgages, the company plans to make loans for residential properties where loan to value ratios does not exceed 60 percent. The properties that the company acquires will be rented immediately so that there will be a positive cash flow on all monies invested. Primarily the properties will be in Florida, as the company believes there is liquidity in the Florida real estate market. For more information, visit http://www.cleanslateinc.com or email admin(at)cleanslateinc(dot)com
This press release contains “forward-looking statements.” Forward-looking statements are statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. These forward-looking statements are only predictions. No assurances can be given that such predictions will prove correct. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, our comparatively limited financial and managerial resources, our inability to market and sell our limited product line in sufficient volumes that may allow us to achieve and maintain profitability and positive cash flow, the uncertainty of market trends, the intense competition faced from other current and future technologies and the uncertainties of competitive pressures we face. These or other risks could cause actual results to differ materially from the future results indicated or implied in such forward-looking statements. We undertake no obligation to update or revise such statements.