WEST PALM BEACH, Fla.,
July 11, 2011 /PRNewswire/ -- The
following is being announced by A Clean Slate, Inc.
The numbers are frightening.
There are over 100 million Americans who say they can't come up
with $2,000 in 30 days.[1] This
translates into 2.5 billion people worldwide that are financially
distressed.
The bankruptcy market in the U.S. alone is over $3 billion with more than 2 million filings in
2010. 2.9 million properties received foreclosure filings and
11.1 million mortgages are under water. Ten states still have
unemployment rates above 10%. Consumer debt is $2.4 trillion and 180-day delinquencies are over
6%. The mission is to help these people become
productive members of the new Financial Well-Being Community.
A Clean Slate, Inc. President and Chairman Bob Goldman stated, "The Financially Distressed
Consumer has many choices today, but most are tailored to one
specific solution, a 'one size fits all' approach. Debt
counseling, debt reconciliation, bankruptcy, divorce mediation,
foreclosure defense, short sales, loan modifications, and 'credit
repair' are now offered as 'stand-alone' services. Some are
DIY (do-it-yourself), and are offered to consumer clients by both
large and small non-profits and law firms. The offerings, however,
are fragmented, confusing, and in some cases non-consumer
friendly.
"Needless to say, the current solutions have not worked but
there's finally a viable solution, A Clean Slate, Inc."
Mr. Goldman continued, "To the best of our knowledge, until A
Clean Slate, there has been little 'human interface' and support
provided for the consumer after the end result is
achieved. We are looking into a new approach
and believe A Clean Slate, Inc. could become the primary
source for worldwide solutions to Financial Distress providing a
'one-stop-shop' with on-going support through our 'Financial
Well-Being Community.'
"A Clean Slate, Inc., now trading on the OTC under the
symbol DRWN, intends to service this enormous opportunity with
our 'first to market' Web 2.0 software. We were formerly
Vigilant Legal Solutions, a firm that has been assisting Bankruptcy
Attorneys with outsourced Paralegal work since 2008.
"The Web 2.0 software will be interactive and start in the
comfort, stigma-free environment of a financially distressed
consumer's home and transparently will involve all relevant
parties: the consumer, the Company's professional counselors, third
party debt specialists, real estate deficiency experts, a network
of Attorneys and Mediators and the Federal Courts as
necessary."
Goldman continued, "A Clean Slate (ACS) recognizes 'one size
does not fit all' and as opposed to current approaches, works with
each individual consumer to determine the best customized solution
to improve that financially distressed individual's quality of life
and permit them to be a productive member of their community with
dignity. The potential volume of business is expected to be
significant amongst our four divisions: ACS Legal Solutions, ACS
Mediation Services, ACS Financial Well-Being Community and ACS
University."
He concluded, "We have recognized a need to provide a simple,
beginning-to-end program, personally tailored, evaluation based,
with alternative solutions and continuing support for the financial
challenges the consumer faces. The consumer deserves to leave
the 'Financially Distressed Community' and attain membership in the
'Financial Well-Being Community' with A Clean Slate and then have
access to the tools to remain financially independent on a
life-long basis."
Safe Harbor Statement
Matters discussed in this press release contain forward-looking
statements within the meaning of federal securities laws. When used
in this press release, the words "anticipate," "believe,"
"estimate," "may," "intend," "expect," and similar expressions
identify such forward-looking statements. Although expected, actual
results, performance, or achievements could differ materially from
those contemplated, expressed, or implied by the forward-looking
statements contained herein. A Clean Slate's ability to implement
its growth strategy will be dependent on, among other things, its
ability to obtain sufficient funding to continue and build its own
operations and to acquire other businesses. These forward-looking
statements are based largely on the expectations of A Clean Slate,
Inc. and are subject to a number of risks and uncertainties. These
include, but are not limited to, risks and uncertainties associated
with: the impact of economic, competitive, and other factors
affecting A Clean Slate, Inc. and its operations; its markets,
products, and performance, and other factors detailed in reports
filed by A Clean Slate, Inc. with the SEC.
[1] National Bureau of Economic
Research. www.WSJ.com Real Time
Economics (May 23,
2011)
SOURCE A Clean Slate, Inc.
