Great American Group Announces Reverse Stock Split Has Taken Effect

WOODLAND HILLS, Calif., June 3, 2014 /PRNewswire/ -- Great American Group, Inc. (OTCBB: GAMR) (OTCBB: GAMRD), announced today that FINRA has approved the Company's reverse stock split, which became effective at 12:01am ET June 3, 2014.

The ratio of the reverse stock split is 1-for-20 shares of the Company's issued and outstanding common stock. Accordingly, each 20 shares of common stock have been converted into one share of common stock.

As a result of the reverse stock split, the number of issued and outstanding shares of common stock has been reduced from approximately 30 million shares to approximately 1.5 million shares. Great American Group common stock will continue to trade on the OTCBB. For the first 20 business days post-reverse split, the stock will trade under the symbol "GAMRD" before reverting back to ticker symbol "GAMR." The stock is now trading under new CUSIP Number 38984G203.

Additional information regarding the reverse stock split may be found on Great American Group's website at www.greatamerican.com.

About Great American Group, Inc. (OTCBB: GAMR) (OTCBB: GAMRD)
Great American Group is a leading provider of asset disposition and auction solutions, advisory and valuation services, capital investment, and real estate advisory services for an extensive array of companies. A trusted strategic partner at every stage of the business lifecycle, Great American Group efficiently deploys resources with sector expertise to assist companies, lenders, capital providers, private equity investors and professional service firms in maximizing the value of their assets. The company has in-depth experience within the retail, industrial, real estate, healthcare, energy and technology industries. The corporate headquarters is located in Woodland Hills, Calif. with additional offices in Atlanta, Boston, Charlotte, N.C., Chicago, Dallas, New York, Norwalk, Conn., San Francisco, London, Milan and Munich. For more information, call (818) 884-3737 or visit www.greatamerican.com.

Investor Contact:
Great American Group
Phillip Ahn
Chief Financial Officer and Chief Operating Officer
(818) 884-3737
[email protected]

SOURCE Great American Group

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED