Distressed Asset Acquisition Group, Inc. Provides Advisory as to its Relationship with A Clean Slate, Inc.

NEW YORK, May 21, 2012 /PRNewswire/ -- Distressed Asset Acquisition Group (daaqinc.com) today provided an advisory to the public as to its relationship with A Clean Slate, Inc. (OTC: DRWN).

Previously, DAAG entered into an agreement with DRWN to swap 70,000 shares of DRWN for 10% of DAAG. Under said terms, DAAG could purchase DRWN for $500,000. After due diligence, DAAG determined that certain liabilities of DRWN made the agreement less than appropriate.

For this reason, DAAG rescinded said agreement and is taking the necessary steps to return the 70,000 shares of DRWN (worth under $100) to that entity so that it can cancel the DAAG shares issued to DRWN.

While DRWN submitted certain filings notifying the public that Frank Castellano, DAAG's President, Frank Castellano, was no longer affiliated with that enterprise, it did not update OTC Markets or the Securities and Exchange Commission that DAAG was no longer part of DRWN. In fact, DRWN continues to incorrectly list DAAG's email and website and company description on OTC Markets, Inc.'s Company Information site. While DAAG directed DRWN to cease the use thereof, DRWN so far refused to do so claiming that it did not receive the 70,000 shares back. DRWN is not authorized to infer an affiliation other than what is described in this press release.

While DRWN does technically own 10% of DAAG until the shares are returned, it is unclear why DRWN desires to infer that it is anything other than a minority shareholder of the enterprise instead of announcing DRWN's shell status.

Many DRWN shareholders have contacted Mr. Castellano about that enterprise's share structure, however, DAAG maintains no knowledge of the number of issued shares or if additional shares became free trading subsequent to the departure of Mr. Castellano.

It is noted that Mr. Castellano is also the President of Beacon Redevelopment Industrial Corp. (OTC: BCND).

This press release does not constitute an offer of securities for sale and contains 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 statements involve risks and uncertainties that could cause actual results to differ. All statements in this press release are based on information available to the Company as of today, and the Company undertakes no obligation to update the statements in the future.

SOURCE Distressed Asset Acquisition Group, Inc.