March 31, 2011 – Austin, Texas – Asset Revitalization Solutions LLC (“ARS”) announces its recent acquisition of a portfolio of approximately $18 million in commercial real estate loans secured by Jacksonville Area properties from an undisclosed seller. ARS also announced its opening of a Jacksonville office in conjunction with the successful acquisition which will be managed by Clayton Reese a former SVP with Jacksonville based EverBank.

Cathy Vann, the firm’s President stated: “we are enthusiastic about the long-term prospects in Jacksonville and look forward to making additional investments in Florida. I am also excited to have Clay Reese on my team again and look forward to working with him on this and other opportunities in the market.”

ARS is an asset manager for institutional investors focused on purchasing sub and non-performing commercial real estate mortgages, REO, and other distressed bank assets. The firm’s principals have over 55 years combined experience in purchasing and/or managing over $15 billion in distressed financial assets. Ms. Vann has 25 years experience as a special servicer and investor in over $3.2 billion in distressed loans acquired from the RTC in partnerships with Goldman Sachs, Citi, AIG, and Credit Suisse First Boston. Mr. Price, CIO, who has over 30 years of commercial real estate investing experience, was the former managing director in charge of many of AIG’s mortgage, special asset and opportunistic real estate investment operations. Cathy and Jeff worked together during the last banking crisis acquiring over $1 billion in loans from the RTC.

ARS maintains offices in Austin, TX, Monmouth Beach, NJ and Jacksonville and Miami, FL. The firm is an affiliate of Miami, FL based Shay Investment Services, Inc. a thrift holding company founded in 1981 whose subsidiaries are engaged in commercial banking, institutional asset management and securities brokerage.

ARS is seeking additional acquisition opportunities from financial institutions via all cash or seller participation opportunities. The focus is on non-and sub-performing commercial real estate loans with no geographic preferences.