Great American Group to Manage Webcast Auction of St. Vincent Medical Center of Greenwich Village, New York, a 500-Bed Medical Facility

WOODLAND HILLS, CA--(Korea Newswire)--Great American Group, Inc. (OTCBB: GAMR), a leading provider of asset disposition, valuation and appraisal services, announced they have been contracted to auction assets for the complete closure of Saint Vincent Medical Center in Greenwich Village, New York in conjunction with Centurion Service Group.

The auction will take place beginning on Tuesday, December 7, 2010 and is expected to go thru Friday, December 10, 2010. Live simultaneous bidding will occur onsite and online. The sale will offer assets from the closure of a complete 500-bed medical center and include equipment such as a 16 Slice CT scanners, 20 plus Surgical Suites, Ultrasound Machines, 1000 lots of instruments, Olympus 180 Scopes and Towers, Varian Linear Accelerator, HD Video Towers and $4.0 million in cost of disposables, just to name a few. For further details and photos, visit www.greatamerican.com.

“Great American Group is very excited about the opportunity to be involved in this webcast auction as it is one of the largest medical center closures of the past 15 years. The equipment from this state-of-the-art 500-bed medical facility that will be offered at the auction should generate interest from around the globe. St. Vincent Medical Center closed in April 2010 and had served the New York community for many decades. This auction demonstrates our expertise as a leading provider of auction services to the healthcare industry,” said Mark Weitz, President - Wholesale & Industrial Services for Great American Group.

About Great American Group®
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.

*Great American Group and the Eagle Design are trademarks registered in the US Patent and Trademark Office and are exclusive property of Great American Group, Inc.

This is a news release distributed by Korea Newswire on behalf of this company.