Great American Group(R)* to Auction Former Assets of Humboldt Creamery

. January 26, 2010

Great American Group, Inc. (OTCBB: GAMR), a leading provider of asset disposition, valuation and appraisal services, today announced it has, through its affiliate Great American Home Auctions, LLC, purchased the real property of the former Humboldt Creamery facility located in Los Angeles, California.

Great American Home Auctions, LLC will be selling the real property, which is comprised of approximately 75,000 square feet under one roof on a parcel of just over 3 acres, with M-2 zoning. The building is equipped for both cold and frozen storage and is currently vacant.

“The property would make for an excellent ‘owner-user’ opportunity for produce, fish, meat or other food processing and storage,” said Andy Gumaer, Chief Executive Officer of Great American Group, Inc.

As part of the purchase, Great American Group, Inc. acquired the machinery, equipment and other assets of the Humboldt Creamery and has scheduled an auction of these assets on Thursday, March 11, 2010 at 10:00 a.m. PST at 1474 North Indiana Street in Los Angeles. Items to be sold will be available for inspection on March 10, 2010 from 9:00 a.m. to 4:00 p.m. The sale will include ice cream production and processing lines, stainless steel conveyors, packaging equipment, freezers, stainless steel and bulk storage tanks, general plant and support equipment and much more! For detailed descriptions of all items, visit www.greatamerican.com or call 1-800-45GREAT.

“Great American Group is very excited to be selling the former assets of Humboldt Creamery. The auction will consist of a well maintained ice cream production facility that includes some very recently refurbished manufacturing lines and packaging equipment,” said Mark Weitz, President of the Wholesale & Industrial Division of Great American Group.

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.

About Great American Home Auctions, LLC

Great American Home Auctions, LLC is a joint venture between Great American Group, LLC and Kelly Capital, an experienced real estate investment firm. The combined experience of these two firms provide home auctions of foreclosed real estate and an internet based auction exchange for real estate loans and commercial real estate.

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*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.

Category: Auction News

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