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A Clean Slate, Inc. (DRWN) Announces New President, Chairman
FREEHOLD, N.J., (GlobeNewswire via COMTEX) -- via PRWEB - 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