Mar 17,2011

Great American Group Announces Promotion of Michael A. Petruski to Executive Vice President and General Manager of the Machinery & Equipment Valuation Practice

WOODLAND HILLS, Calif.--(BUSINESS WIRE)-- Great American Group, L.L.C. (OTCBB: GAMR), a leading provider of asset disposition solutions and valuation and appraisal services, announced that it has appointed Michael A. Petruski as the Executive Vice President and General Manager of the Machinery & Equipment Valuation practice. Michael will lead an experienced team of appraisal professionals and associates in providing USPAP-compliant appraisals across the broad spectrum of industrial assets for lenders, capital providers, private equity investors and professional service firms.

Lester Friedman, CEO of Great American Group Valuation Services L.L.C., said "Michael's management experience in manufacturing, industrial asset sales and appraisal, in conjunction with his collaborative relationship with our disposition business unit, is integral to the growth of Great American Group. Michael joined us in June 2009 and has successfully led the growth of our industrial appraisal verticals in metals and construction equipment."

Michael has more than 22 years of collateral evaluation and appraisal experience in asset-based lending. Prior to joining Great American Group, Michael worked for Wachovia Capital Finance, a Wells Fargo Company, where he managed the Collateral Evaluation Group as Director, Appraisal. Previously, he was with Citigroup's Structured Finance Division as Vice President, Collateral Evaluation. As a former executive with the American Can Company, Michael was Director of International Machinery Sales and Materials Procurement.

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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 www.greatamerican.com.

Media Contacts:
Great American Group
Laura Drummond, Vice President of Marketing
847-444-1400 ext. 2312
ldrummond@greatamerican.com
or
Ron Whittington
Mulberry Marketing Communications
904-355-8680
rwhittington@mulberrymc.com

Source: Great American Group, L.L.C.

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