 CHRISTIANSTED, U.S. Virgin Islands, April 19, 2021 GLOBE NEWSWIRE -- On April 16, 2021, the Board of Directors the Board of Altisource Asset Management Corporation the Company terminated the Companys Chief Executive Officer, Indroneel Chatterjee, for cause, effective immediately, for violations of the Companys Equal Employment Opportunity, Prevention Against Harassment, and Conduct on the Job Policies. This action reflects the results of an independent inquiry by counsel to the Board into Mr. Chatterjees conduct. Under Mr. Chatterjees employment agreement with the Company, he was also deemed to have simultaneously resigned from his positions as Chairman of the Board and a director of the Company, and the Board accepted his resignations. 