FREDERIKSTED, U.S. Virgin Islands, March 9, 2015 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation ("AAMC") (NYSE MKT:AAMC) announced today that it is rescheduling its earnings conference call for the fourth quarter and full year of 2014. The call was originally scheduled for today, March 9, 2015 at 11:30 a.m. Eastern.
George Ellison, Chief Executive Officer of AAMC, stated, "AAMC has been working diligently with Altisource Residential Corporation over the last several months to modify the asset management agreement and solidify a long term relationship between the companies. We support amendments to the agreement which we believe will promote the growth of Residential and thereby contribute to the long term prospects for AAMC and its shareholders."
AAMC expects to hold its earnings call for the fourth quarter and full year of 2014 when the agreement is complete, and will issue a separate press release announcing the date and time of the rescheduled call. There can be no assurance that a modified asset management agreement will be completed on a timely basis or at all.
About Altisource Asset Management Corporation
AAMC is an asset management company that provides portfolio management and corporate governance services to investment vehicles. Additional information is available at www.altisourceamc.com.
This press release contains forward-looking statements that involve a number of risks and uncertainties. Those forward-looking statements include all statements that are not historical fact, including statements about the Company's beliefs and expectations. Forward-looking statements are based on the Company's beliefs as well as assumptions made by and information currently available to the Company. Because such statements are based on expectations as to future economic performance and are not statements of historical fact, actual results may differ materially from those projected. AAMC undertakes no obligation to update any forward-looking statements whether as a result of new information, future events or otherwise. The risks and uncertainties to which forward-looking statements are subject include, but are not limited, to the risks and uncertainties detailed in the "Forward-Looking Statements," "Risk Factors" and other sections of AAMC's Annual Reports on Form 10-K, its quarterly reports on Form 10-Q and its other filings with the Securities and Exchange Commission.
CONTACT: Robin N. Lowe Chief Financial Officer T: 345-815-9919 E: Robin.Lowe@AltisourceAMC.com