SOURCE: Great American Group, Inc.

Great American Group, Inc.

November 09, 2010 19:31 ET

Great American Group ®* to Sell Assets of Major Steel Coil Processing, Truss Forming, Sheet Metal Fabrication and Distribution Facility via Live and Webcast Auction

WOODLAND HILLS, CA--(Marketwire - November 9, 2010) -  Great American Group, Inc. (OTCBB: GAMR), a leading provider of asset disposition, valuation and appraisal services, today announced they will manage a complete disposition of assets of Southline Steel Industries, in a traditional open outcry sale platform with a simultaneous webcast allowing for dynamic, competitive, online bidding.

A Great American Group webcast auction allows those bidding online to participate in real time against buyers attending the live sale event. The auction sale will take place at 2625 5th Avenue North, Bessemer, Alabama, on Tuesday, November 16th at 11:00 AM Central Standard Time, with inspection of all items available Monday, November 15th from 8:00 AM to 4:00 PM and morning of sale from 8:00 AM to 11:00 AM or by appointment only. More information, including equipment photos and details, is available at www.greatamerican.com

"We are pleased to have been selected to conduct this disposition," said Mark Weitz, President of the Wholesale & Industrial Division. "The auction consists of well maintained lines such as steel slitting, structural track roll form, structural stud roll form, track & hot channel, drywall stud forming, angle/channel as well as support equipment, which offers opportunities for other companies to upgrade or expand their operations."

About Great American Group®

Great American Group, Inc. is a leading provider of asset disposition solutions and valuation and appraisal services to a wide range of retail, wholesale and industrial clients, as well as lenders, capital providers, private equity investors and professional service firms. Great American Group has offices in Atlanta, Boston, Chicago, Dallas, London, Los Angeles, New York, and San Francisco.

*Great American Group and the Eagle Design are trademarks registered in the US Patent and Trademark Office and are exclusive property of Great American Group, Inc.

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Contact Information

  • Press Contact:
    Great American Group
    Laura Wayman
    Vice President of Marketing
    847-444-1400 ext. 2312
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