Former Assets Of Bankrupt Teletouch Communications Up For Bid

-- Tiger Group conducts online sale for tech retailer's inventories and other assets; bids close Jan. 23

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Jan 16, 2014, 01:25 ET

FORT WORTH, Texas, Jan. 16, 2014 /PRNewswire/ -- By order of the U.S. Bankruptcy Court, Tiger Group's Remarketing Services Division is auctioning phone, tablet and car audio inventories, along with vehicles, computer equipment, store fixtures, warehouse and shop equipment, and more from 15 retail locations and the corporate headquarters of bankrupt mobile phone and computer dealer Teletouch Communications Inc. All assets have been consolidated to the company's Fort Worth headquarters for an online sale that closes later this month.

Bidding is open now for the former assets of the company at www.SoldTiger.com and will close in rapid succession, live auction style, on January 23 at 10:30 a.m. (CT). The assets will be available for inspection at 5718 Airport Freeway, Fort Worth, on January 22, from 10:00 a.m. to 4:00 p.m. (CT).

"While we expect wireless and mobile audio retailers to have specific interest in the inventories and equipment available for sale, there are great items for personal use as well. Everyone, from weekend do-it-yourself enthusiasts to small and large businesses, will find items of interest in this offering," said Jeff Tanenbaum, president of Tiger Remarketing Services.

Merchandise inventories being auctioned include Apple iPhones and iPads; Blackberry Curves; hundreds of Samsung and other mobile phones, as well as hundreds of phone and tablet accessories. Computer and server equipment includes Cisco switches and firewalls; Dell Latitude, Apple MacBook and other notebook computers; hundreds of desktop computers; and new and used flat panel displays up to 24". Support items being sold include equipment from the company's auto installation shop and warehouse, along with store fixtures, point-of-sale systems, telephone systems, inventory control scanners, as well as Ford E250 and E150 Cargo Vans, Ford Rangers, and Chevy Express vans.

Teletouch Communications Inc voluntarily filed for Chapter 7 Bankruptcy Protection in October 2013 in Delaware Bankruptcy Court (case number 1:13-bk-12620).

For a full description of the assets being auctioned and details on how to bid, visit: www.SoldTiger.com.

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