Great American Group Introduces Quarterly, Industry-Specific Vertical Auctions

Auctions will feature production/manufacturing, healthcare/technology, construction/rolling stock/fleet, and processing equipment.

Great American Group, L.L.C. (OTCBB: GAMR), a leading provider of asset disposition, valuation, and appraisal services, will begin conducting online auctions on a quarterly basis in 2011, focusing on specific market sectors throughout the year.

The company plans vertical auctions in four industry sectors, including production/manufacturing, healthcare/technology, construction/rolling stock/fleet, and processing equipment.

“For the past 37 years, we have conducted thousands of live and online auctions that offer companies an efficient, cost-effective method for the marketing and disposal of their surplus commercial assets,” said Mark Weitz, GA Industrial President.  “Based on the quantities of the most common assets our clients bring to auction, we’ve identified these vertical auctions as the most popular among buyers nationwide.”

By combining common surplus items from multiple sellers into a single online auction and marketing the sale as a stand-alone event, auction expenses are reduced for each seller. “This makes the sale attractive to sellers because the auction costs are spread among them,” Weitz said.  “Buyers also find it easier because they have a broader range of assets to choose from within a single auction.”

Great American Group handles the marketing campaign for the online sale, conducts the auction and provides payment processing services for sellers, including invoicing, collection and disbursement of sale proceeds.

For more information about the company’s vertical auctions, visit the Great American Group website or contact Heidi Reager at (818) 884-3737 or via e-mail at

About Great American Group
Great American Group, L.L.C. 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