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* ® Great American Group Hires George Gavin to lead active GA Advisors, LLC as Managing Director
Woodland Hills, CA – (Marketwire – January 19 2010) – Great American Group, Inc. (OTCBB: Gamra) ("Great American Group" or the "Company"), a leading provider of asset disposal, assessment and evaluation services, announced today the appointment of George Gavin as CEO of GA Asset Advisors, LLC.
"We are pleased to welcome Gavin to the team of Great American, "said Scott Carpenter, executive vice president of Great American Group." His experience, dedication to excellence and the excellent reputation we could grow and expand our services in the European market more quickly and efficiently. "
GA Asset Advisors, a subsidiary Great American Group, operates in partnership with retailers and their financial interest groups across Europe. Its innovative solutions for the retail sector include restructuring operational and financial, distressed debt and merger consulting accelerated acquisition. The team will focus on:
– Help reduce the size of retailers in need and maximize the recovery of
end points, through the securities settlement and store closures, and
– Achievement of significant financial resources and the experience of
Company to provide working capital to address short-term restructuring
requirements.
"The macroeconomic environment in the UK and Europe is likely to remain very hard, both for consumers and retailers, at least for the next five years. On a retail market overcapacity and declining household discretionary income, it is inevitable that more government restructuring and will continue " said George. "innovative solution set GA Asset Advisors, financial muscle and retail career will appeal to both solvent and insolvent companies across Europe. I am excited about the market opportunity and desire to form a team to provide an interesting alternative to the established options. "
Mr. George has 25 years experience in the retail sector, having worked as an operator, consultant and professional restructuring. Before joining the General Assembly Asset Advisors, who spent six months serving as Chief Restructuring Officer of a struggling retailer. Previously, he was a partner and Director of Retail at Ernst & Young, where he led a number of important trade relations firm, including Tesco, Kingfisher and DSGi, and was also the imei ample capacity for retail consultancy. Mr. George originally trained as a chartered accountant before working in the retail operation at Dixons (DSGi present) and then move on to management consulting.
About Great American Group, Inc.
Great American Group is a leading provider of asset disposal and valuation services solutions and the assessment a wide range of retailers, wholesalers and industrial customers, as well as lenders, providers of capital, private equity investors and professional service firms. The firm is known for some of its "high profile retail liquidations, as Circuit City, bedding N Things, Mervyn's and KB Toys. Headquartered in Woodland Hills, CA., The Company has offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, New York and San Francisco For more information, please visit www.greatamerican.com.
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* Great American Group and Eagle Design are registered trademarks in the U.S. and the Office of Patents and Trademarks are the exclusive property Great American Group, LLC.
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