SOURCE: Great American Group

June 24, 2009 11:00 ET

Petcetera Closing All 45 Stores

WOODLAND HILLS, CA--(Marketwire - June 24, 2009) - Petcetera, LP, the leading Canadian owned and operated retailer of premium pet foods and supplies in Canada, has commenced a going-out-of-business sale in all of their locations.

The Petcetera concept was founded in 1997 by founder, owner, President and CEO Dan Urbani. The first store opened in Vancouver and today there are 45 of the trademark red, yellow and blue Urbani-designed Petcetera superstores from BC to Newfoundland. Their history had been built off of creating an enjoyable shopping experience for customers and their pets, with a tagline of "for the love of your pet."

With more than 10,000 pet products in 10,000 to 25,000 square feet of retail space, Petcetera is a one-stop shopping experience providing the largest selection of pet products with great customer service at everyday value prices.

The going-out-of-business sale will be conducted by Great American Group®. The sale starts June 24th and is expected to last up to 10 weeks, with some stores closing sooner.

Steven Smith, Vice President, Financial Operations of Great American Group commented, "It is disappointing to see Petcetera closing their stores, but consumers and their pets will benefit from the exceptional values and deepening discounts until all of the merchandise is sold."

Great American Group® provides a full range of asset management, disposition and financial services through three divisions: Retail Liquidation, Auction, and Appraisals & Valuations, with offices in Atlanta, Boston, Chicago, Los Angeles and New York. For more information, please visit www.greatamerican.com.

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