Great American Group Hosts Solar Equipment Auction on Sept. 18

WOODLAND HILLS, Calif.--(BUSINESS WIRE)--Great American Group, Inc. (OTCBB: GAMR) will conduct the first of two auctions for state-of-the-art solar manufacturing equipment located at four Colorado plants formerly operated by Abound Solar.

The first online auction begins at 8 a.m. (MDT) Tuesday, Sept. 18 and ends at 11 a.m. (MDT) on Wednesday, Sept. 19.

“We have a superb offering of module manufacturing and related facilities equipment along with test chambers, microscopes, machine shop equipment, plant equipment and many other items,” said Paul Brown, Great American Group Vice President of Wholesale & Industrial Services. “This will be a multi-million dollar offering. So far, we’ve received significant global interest from potential bidders from the solar industry, along with the semiconductor industry and related sectors.”

Brown also said there are a large number of completed solar panels, ready to ship on pallets, which may be available through private negotiation.

“The interest in the completed panels has been very high because it presents a unique opportunity for buyers to acquire them at a fraction of their new cost,” he said.

The online auction will involve the sale of assets at former Abound Solar test facilities located in Loveland, Fort Collins and Longmont, Colorado. All items can be inspected between 9 a.m. and 4 p.m. (MDT) on Monday, Sept. 17 and Tuesday, Sept. 18.

Other manufacturing equipment at Abound Solar’s main production facility in Longmont will be auctioned live on site during a two-day webcast auction, Oct. 2-3. For more information, visit http://www.greatamerican.com/auctions/AuctionEventDetails.aspx?EventID=664.

All auctions are managed in conjunction with the Branford Group, which specializes in surplus industrial machinery and equipment auctions and valuations.

About Great American Group, Inc. (OTCBB: GAMR)

Great American Group is a leading provider of asset disposition and auction solutions, advisory and valuation services, capital investment, and real estate advisory services for an extensive array of companies. A trusted strategic partner at every stage of the business lifecycle, Great American Group efficiently deploys resources with sector expertise to assist companies, lenders, capital providers, private equity investors and professional service firms in maximizing the value of their assets. The company has in-depth experience within the retail, industrial, real estate, healthcare, energy and technology industries. The corporate headquarters is located in Woodland Hills, Calif. with additional offices in Atlanta, Boston, Charlotte, N.C., Chicago, Dallas, New York, San Francisco and London. For more information, call (818) 884-3737 or visit www.greatamerican.com.