Dépêches

Great American Group® to Coordinate Camtech Manufacturing Auction

Dépèche transmise le 15 septembre 2011 par Business Wire

WOODLAND HILLS, Calif.--(BUSINESS WIRE)--Great American Group, LLC (OTCBB: GAMR), a leading provider of asset disposition, valuation and appraisal services, is conducting a live webcast auction beginning at 10 a.m. (CDT) Thursday, Oct. 6 for Camtech Precision Manufacturing, Inc. – an aerospace company based in Euless, Texas.

“Many of the machines up for auction are not widely available or take a great deal of time to be delivered when ordered from the manufacturers”

Founded in 1989, Camtech manufactured precision parts for aerospace and defense customers in the United States and internationally. Some of the items being auctioned include 2009 SNK & Makino 6 and 5 Axis CNC Machining Centers, SNK & Cincinnati 5 and 3 Axis CNC Aerospace Gantry Profilers, and many other large-capacity precision aerospace machining, metal fabrication and assembly equipment items.

All items will be available for inspection from 8 a.m. to 4 p.m. (CDT) Monday, Oct. 3 through Wednesday, Oct. 5, or by appointment.

According to Sandy Feldman, a senior vice president with Great American Group, the auction has garnered attention from potential buyers internationally.

“Many of the machines up for auction are not widely available or take a great deal of time to be delivered when ordered from the manufacturers,” Feldman said. “We’ve received inquiries from interested parties in India, Turkey, Japan and China, along with the United States and other countries. This auction is generating a lot of interest from private companies and governments, as well.”

In addition, Great American Group is working in cooperation with The Weitzman Group, a commercial real estate brokerage firm, to sell more than five acres of property and two industrial buildings previously owned and operated by the aerospace company. Located in Tarrant County between the cities of Dallas and Fort Worth, and only minutes from Dallas Fort Worth International Airport and major interstates, the primary site is 5.275 acres – or 5.478 acres if excess land is considered. The East and West Building sites are 42,473 square feet and 70,000 square feet, respectively, and both contain a mix of office and manufacturing space.

For a complete list of auction items, visit www.greatamerican.com. For additional details regarding the Camtech auction, contact Sandy Feldman at 847-444-1400 or visit www.greatamerican.com.

For information about the property and buildings available, contact Larry Denisoff of The Weitzman Group at 214-954-0600 or email [email protected], or contact Matthew Bordwin from GA Keen Realty Advisors, a division of Great American Group, at 646-381-9222 or email at [email protected].

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About Great American Group

Great American Group, LLC, 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, contact (818) 884-3737 or visit www.greatamerican.com.