Aug 25,2010

Great American Group® Hires Milton Guffogg as European Operations Director - GA Asset Advisors, LLC

WOODLAND HILLS, CA, Aug 25, 2010 (MARKETWIRE via COMTEX News Network) -- Great American Group, Inc. (OTCBB: GAMR), a leading provider of asset disposition, valuation and appraisal services, announces the appointment of Milton Guffogg as Operations Director of GA Asset Advisors, LLC.

"We are excited to welcome Milton to the Great American team," said Gavin George, Managing Director of GA Asset Advisors. "His deep operational retailing experience, outstanding reputation and 'can do' attitude will allow us to grow and expand our services into the greater European market."

GA Asset Advisors, a subsidiary of Great American Group, operates in partnership with retailers and their financial stakeholders across Europe. Its innovative solutions for the retail sector include operational and financial restructuring, distressed debt and accelerated merger and acquisition consulting.

"The economic environment in the UK and Europe is likely to continue to be difficult and GA Asset Advisors with its flexible, innovative solution model, financial backing and retail reputation is uniquely poised to assist solvent and insolvent businesses, particularly in these challenging times," said Mr. Guffogg. "I am excited about the market opportunity and am looking forward to being part of the highly experienced team that will provide a strong and viable alternative to the already established options within the UK and Europe."

Mr. Guffogg brings over 30 years of experience and extensive product category knowledge in the retail sector, having worked as an operator, turnaround professional, corporate finance advisor and consultant. Prior to joining GA Asset Advisors, Mr. Guffogg was CEO of Celebrations Group Limited and previously worked in senior roles at K Shoes, Scholl, The Burton Group, Woolworths, NAAFI, Courts UK and S B Capital.

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.


Press Contact:

Great American Group
Laura Wayman
Vice President of Marketing
847-444-1400 ext. 312
Email Contact

SOURCE: Great American Group, Inc.

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