SOURCE: Excellency Investment Realty Trust

December 03, 2007 12:51 ET

Excellency Investment Realty Trust, Inc. Appoints New CFO

Daniel Norensberg Appointed Chief Financial Officer

NEW YORK, NY--(Marketwire - December 3, 2007) - Excellency Investment Realty Trust, Inc. (OTCBB: EIVR), a real estate investment firm that specializes in acquiring distressed properties in both the residential and commercial markets, announced the appointment of Daniel Norensberg as the company's new Chief Financial Officer.

Mr. Norensberg is the President of ANG Group, Inc., a full service accounting, tax and business consulting company. For over ten years, Mr. Norensberg has practiced accounting with a specialty in tax planning and business consulting serving both private and public companies who engage in a wide array of businesses including broker-dealers and real estate investment groups. "The addition of Mr. Norensberg to the company is an important step in moving forward towards the goal of acquiring talented personnel that will enable the company to execute its business plan," said Mr. David Mladen, Chairman of Excellency.

About Excellency Investment Realty Trust, Inc.

Excellency Investment Realty Trust, Inc. is a real estate investment firm publicly traded on the OTCBB: under the symbol EIVR with offices at 245 Park Avenue 39th Floor NY, NY 10167. The strategy of the company is to purchase distressed properties that are in good locations but are underperforming due to cosmetic obsolescence, poor management or lack of capital. Excellency will then acquire these properties at a discount, make the necessary changes and transform them into high performing investments. David Mladen, the company Chairman, is an expert in identifying distressed properties and has been active in this market for over 25 years. The company currently owns 8 properties in Hartford, CT and is seeking to acquire additional properties nationwide. More information can be found on the company website at:

Contact Information

  • Contact:
    Ken Norensberg
    Luxor Financial Group
    29 Frost Lane
    Lawrence, NY 11559
    (347) 284-0110
    Email Contact