Auction Set For Assets Of National Optical Services Company

--Tiger Group to conduct auction of American Optical Services assets on July 28

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Jul 21, 2014, 08:55 ET

LAS VEGAS, July 21, 2014 /PRNewswire/ -- By order of the U.S. Bankruptcy Court, Tiger Group's Remarketing Services Division will conduct an online sale of ophthalmic and optical equipment, designer eyeglass frames, and other assets of Las Vegas-based eyewear specialists American Optical Services LLC.

Online bidding opens July 21 at www.SoldTiger.com and will close in rapid succession, live auction style, on July 28 beginning at 10:30 a.m. (ET). Previews of the various assets being offered will be held July 25^th and 26^th at 12 locations operating under various names in Texas, Colorado, Florida, Pennsylvania, and California.

"There's no better way for opticians, optometric and ophthalmic offices to obtain equipment and frames at a discount," said Jeff Tanenbaum, president of Tiger Remarketing Services. "Equipment buyers can feel confident in purchasing these pre-owned assets, as the AOS offices were thriving practices just weeks ago. Whether interested in major equipment, small instruments, eyeglass frames or fixtures, there's something for every optical practice in this sale."

Key assets featured in the online auction include more than 20,000 designer frames, and significant optical and ophthalmic equipment such as visual field perimeters, refractor keratometers, auto lensometers, patternless edgers, stereofundus/mydratic cameras, and lasers manufactured by such well-known companies as Gerber, Humphrey Zeiss, Topcon, Santinelli, and Lumenis. The sale also includes medical office equipment, furniture and showroom fixtures. For a full catalog of the items offered, locations for previews of individual items, and details on how to schedule a site visit and bid, go to: www.SoldTiger.com.

The previews will be held at seven Eyear 1-Hour Optical locations in Texas: McAllen (two), Weslaco (two), Brownsville (two), and Harlingen. Previews will also be held at the Orange Eye Center in Orlando, Fla.; the Pennsylvania Retina Center in Norristown; at The Eye Gallery in Aspen and Carbondale, Colo.; and Optical World Optometry in Santa Rosa, Calif.

American Optical Services LLC filed for Chapter 11 bankruptcy on June 20, 2014 in the Delaware Bankruptcy Court (case number 1:14-bk-11545).

About Tiger Group

Tiger Group provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients. With over 40 years of experience and significant financial backing, Tiger offers a uniquely nimble combination of expertise, innovation and financial resources to drive results. Tiger's seasoned professionals help clients identify the underlying value of assets, monitor asset risk factors and, when needed, provide capital or convert assets to capital quickly and decisively. Tiger's collaborative, straight-forward approach is the foundation for its many long-term 'partner' relationships and decades of success. Tiger operates main offices in Boston, Los Angeles and New York. To learn more about Tiger, please visit www.TigerGroup.com.

SOURCE Tiger Group