B. Riley Financial
Jul 19, 2012

Great American Group Enters Partnership with Rig Planet

- Alliance Strengthens Company's Oil and Gas Appraisal Experience, Provides Rig Planet Broader Platform for Oilfield Equipment Sales -

WOODLAND HILLS, Calif.--(BUSINESS WIRE)-- Great American Group, LLC (OTCBB: GAMR), a leading provider of asset disposition, valuation and appraisal services, has formed an alliance with Rig Planet - a global marketplace for new and used oilfield equipment.

The partnership agreement represents a "major step forward" for the company's oil, gas and energy appraisal sector, according to Mike Petruski, executive vice president and general manager of Great American Group's Machinery & Equipment and Disposition Services Division.

"While we have provided numerous appraisals and evaluation projects within the oil and gas industry for some time, this alliance will allow our appraisal division to benefit from Rig Planet's years of experience in the valuation of energy equipment throughout the world," Petruski said. "Rig Planet is a highly respected firm, and the new relationship really broadens our capacity to service this sector of the industry."

Rig Planet CEO Doc Monical believes this alliance will enhance both companies to reach greater potential growth.

"I see this as a mutually beneficial collaboration for our perspective companies. Great American Group's experience in asset disposition along with Rig Planet's industry connections throughout the world in the energy sector should prove advantageous for both of us," Monical said.

According to Lester Friedman, CEO of Great American Group's Valuation & Appraisal Division, the timing of the agreement is fortuitous — given the growing interest in oil and gas exploration in the United States and Canada and the heightened business activity that is growing along with it.

For more information, contact Mike Petruski at 704-516-1492 or mpetruski@greatamerican.com.


About Great American Group

Great American Group, LLC 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.

About Rig Planet

RigPlanet.com is a powerful global marketplace for new and used oilfield equipment, providing one-on-one consulting for all facets of the oilfield equipment industry. For more information, contact 303-887-9322 or visit www.rigplanet.com.

Media Contacts:
Great American Group
Connie Stevens, Marketing Manager
847-444-1400 ext. 2320
Mulberry Marketing Communications
Ron Whittington, Senior Account Executive

Source: Great American Group, LLC

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