Machinery and equipment appraisals; consumer, retail and industrial inventiry appraisals; enterprise valuation. Machinery and equipment appraisals; consumer, retail and industrial inventiry appraisals; enterprise valuation. Machinery and equipment appraisals; consumer, retail and industrial inventiry appraisals; enterprise valuation.

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HILCO APPRAISAL SERVICES APPOINTS S. MICHAEL MARTINEZ, AS VICE PRESIDENT BUSINESS DEVELOPMENT

March 10, 2004...Hilco Appraisal Services, LLC, a leader in business asset appraisals covering consumer and non-consumer inventory, machinery and equipment, intangible assets and going-concern business entities, today announced the appointment of S. Michael Martinez as Vice President, Business Development.

Mr. Martinez has been an appraisal and asset disposition professional for 20 years. & nbsp; Over that time period, he has conducted appraisals, auctions and liquidations in 48 states and 13 countries throughout North America, Europe and Asia. & nbsp; His expertise includes machinery, equipment and inventory. & nbsp; Mr. Martinez, who will be headquartered in Hilco’s Canton (Boston), Massachusetts office, is a Certified Equipment Appraiser (CEA), a member of the Association of Machinery and Equipment Appraisers (AMEA), and a member of the Turnaround Management Association (TMA).

Commenting on the Martinez appointment, Hilco Appraisal Services principal and executive vice president, Stan Gilman stated, "We have enormous confidence in Mike's abilities. He has the background and experience to make a significant contribution to our continued growth and industry leadership.”

Hilco Appraisal Services is North America’s largest business asset appraisal firm. & nbsp; The company specializes in valuations of consumer and industrial inventory, machinery and equipment, intellectual property and complete businesses. & nbsp; Clients include asset-based lending institutions, private equity funds and investment banking firms as well as manufacturers, wholesale and distribution companies, and retail organizations. & nbsp; Offices are located in Chicago, Boston, Detroit, Atlanta, Charlotte, Los Angeles and Oakland California, and London and Southampton in the U.K.

Hilco Appraisal Services is a unit of The Hilco Organization, an international leader in business asset valuation, acquisition, disposition and financing.

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