SOURCE: Great American Group

Great American Group

January 25, 2010 17:12 ET

Great American Group®* Hires Romano Castelli as Senior Vice President Corporate Services

WOODLAND HILLS, CA--(Marketwire - January 25, 2010) - Great American Group, Inc. (OTCBB: GAMR), a leading provider of asset disposition, valuation and appraisal services, today announced the appointment of Romano "Romie" Castelli as Senior Vice President Corporate Services for its Wholesale & Industrial Division.

"I look forward to Romie working closely with our current executive sales team in perpetuating our market presence and brand recognition," said Mark Weitz, President of Great American Group's Wholesale & Industrial Division. "We believe Romie's vision and experience, combined with Great American Group's vast resources, will lead to a whole new series of opportunities for us."

Mr. Castelli will be based out of the Company's Chicago office as part of the Wholesale & Industrial Group and will lead a team focused on enhancing relationships within Fortune 500 Companies and the Private 1000 Sector. He will be leading the initiative to position current and newly created services into a suite of products to assist corporate clients with managing their surplus assets, with the result being growth in the number of multi-year service agreements.

"The opportunity to leverage my experiences and Great American Group's expertise and resources will allow us to offer corporate clients enhanced solutions to meet their needs," said Mr. Castelli. "I am excited about the prospect of establishing Great American Group as a leader in providing larger corporations solutions for their recurring needs."

Mr. Castelli brings over 17 years of leadership experience with equipment leasing, surplus asset management, equipment disposition/auction, asset valuation and solution selling to Fortune 500 clients. He was formerly Principal and Managing Director of an investment company specializing in non-traditional distressed asset opportunities. Prior to that, in his 6 years with DoveBid, he was most recently Senior Vice President of North America and was part of the senior management team that helped complete the sale of the company to GoIndustry. Previously, Mr. Castelli served as Vice President of Sales for ZoneTrader and also spent many years in various management positions for Comdisco. He holds a Bachelor of Science Degree in Management from the University of Dayton.

About Great American Group, Inc.

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. For more information, please visit

*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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