Great American Group Hires Robert Callaway As Vice President, Head Of Oil And Gas

Great American Group, Inc. (OTCBB: GAMR) today announced the expansion of its oil and gas practice with the addition of Robert Callaway as Vice President, Head of Oil and Gas.

Callaway, an executive with more than 20 years of experience, will utilize his expertise in the oil and gas sector to support Great American Group’s rapidly growing business. Callaway’s responsibilities will include business development and oversight of the oil and gas practice.

“There is an oil and gas revolution going on in the United States,” said Marc Musitano, COO of Great American Group’s Machinery and Equipment Division. “With U.S. oil production up 40 percent since 2008, and the U.S. expecting to produce 7.3 million barrels per day this year, GA is increasing its presence to support that growth,” continued Musitano. “Robert’s wealth of industry knowledge and expertise will help us to better serve our customers while also positioning us as an industry leader in the sector.”

In addition to the hire of Mr. Callaway, Great American Group is further investing in its oil and gas practice by expanding its Dallas office, to house the rapidly growing team.

Prior to joining Great American Group, Mr. Callaway most recently served as Vice President of Waughtal Management, LLC, where he managed nine separate legal entities totaling $50 million in annual revenue. Prior to that, he was Vice President with Callaway Energy, LLC, where he cultivated existing and new business relationships to participate in drilling projects ranging in size from $1 to $30 million.

Callaway earned a Bachelor of Business Administration in Finance from the University of Texas at Austin and an MBA from Vanderbilt University.

From heavy machinery and equipment to retail inventory, industrial or intellectual property and real estate, Great American Group appraises billions of dollars in assets annually. For more information on the company's services, contact (818) 884-3737 or visit http://www.greatamerican.com/appraisal.

About Great American Group, Inc. (OTCBB: GAMR)

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, San Francisco and London. For more information, call (818) 884-3737 or visit www.greatamerican.com.

Copyright Business Wire 2010

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