NEW YORK, April 24, 2012
/PRNewswire/ -- Distressed Asset Acquisition Group (daaginc.com)
today announced that it has entered into negotiations to acquire a
large demolition/salvage and redevelopment project with an overall
budget and completed project value of $16,000,000.
The project will consist of demolishing, salvaging
materials and the construction of either a light industrial office
warehouse facility or storage units.
About Distressed Asset Acquisition Group, Inc.
We are a buyer of distressed assets primarily real estate
however the company will consider other sectors. The Company is
also a hard money lender for commercial and residential
real estate. The Company also will consider lending to small
businesses. The company believes that their strategy of hard money
lending works well in conjunction with acquiring distressed assets,
you can visit the company's website at www.daaginc.com or
follow us on Facebook. Distressed Asset Acquisition Group is a
majority owned private entity with a publicly traded company, A
Clean Slate, Inc. (DRWN.PK), as a minority shareholder.
This press release does not constitute an offer of any
securities for sale. This press release contains certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. These forward-looking statements involve certain risks
and uncertainties that could cause actual results to differ. All
forward-looking statements in this press release are based on
information available to the company as of the date hereof, and the
company undertakes no obligation to update forward-looking
statements to reflect events or circumstances occurring after the
date of this press release.
www.daaginc.com
SOURCE Distressed Asset Acquisition Group, Inc.
