Streambank to Sell Berkline BenchCraft Intellectual Property Assets

NEEDHAM, Mass., June 7, 2011 /PRNewswire/ -- Streambank, LLC announced that it has been engaged to sell the intellectual property assets of Berkline BenchCraft Holdings, LLC.  Founded in 1928, the Berkline brand has a strong history of providing high quality recliners and home theatre seating at an affordable price.  According to David Peress, a Principal of Streambank: "The Berkline brand will provide instant recognition to any manufacturer or retailer looking to provide high quality and innovative motion and home theatre furniture to value conscious consumers.  Streambank intends to run a streamlined marketing process culminating in a Bankruptcy Court approved sale of the Berkline brand and related intellectual property assets."

The Berkline intellectual property assets include:

• Brands and trademarks including "Berkline," "BenchCraft," "Wallaway," and "Silver Screen," among others, with registrations in multiple jurisdictions including the United States, Canada, the European Union, China, Brazil, and Chile
• Patents including furniture designs and manufacturing methods
• Domain names and URLs including: www.berkline.com and www.benchcraft.com
• Toll free numbers
• Proprietary furniture design catalogue
• Customer data
• Vendor data

Information concerning the Berkline intellectual property assets and the sale process can be obtained by contacting David Peress at [email protected] or Kirstin DiCecca at [email protected], or by calling Streambank at: 781-444-4940

About Streambank

Streambank is an advisory firm, specializing in the valuation, marketing, and sales of intangible assets for businesses at all stages.  Streambank identifies, preserves, and extracts value for clients through the application of experience, diligence and creativity.  The firm's recent experience includes Anchor Blue Holdings, Movie Gallery, Circuit City Stores, KB Toys and other notable retail names.  Additionally, Streambank provides intangible asset valuation services to stakeholders in a variety of contexts including compliance and reporting, lending, and for the resolution of disputes.  Streambank provides sound advice on value maximization strategies and liquidity options.  Streambank is headquartered in Needham, MA and has offices in New York, NY.

SOURCE Streambank