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MarketScreener Homepage  >  Equities  >  OTC Bulletin Board - Other OTC  >  Argyle Security, Inc.    ARGL

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Argyle Security : HYPERAMS Announces Upcoming Equipment Auctions and Liquidations

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01/12/2019 | 07:29am EST

(PRWeb) - HYPERAMS, LLC recently announced the equipment auctions of several businesses, including an offset printing facility and a security and detention contractor. HYPERAMS is also assisting several businesses with the sale of surplus equipment, including ACE Hardware and Chicago-based Why Not Iron.

HYPERAMS is assisting major retailer ACE Hardware in the closure of its 400 thousand square foot distribution center in Portland, Maine. The orderly liquidation features a wide assortment of pallet racking, cantilever racking, and facility support equipment including forklifts, pallet jacks, order pickers, conveyors, and floor scrubbers. The orderly liquidation is ongoing now and inventory lists are available to potential buyers.

In addition, HYPERAMS is participating in several upcoming auctions. First, the firm is assisting San Antonio, Texas prison and detention center contractor Argyle Security with its wind-down of operations. A sealed bid sale is being held for the companys security system components, while an online auction will be held for the remaining equipment, including general contractor equipment, material handling equipment, trailers, assembly equipment, IT and business machines (including hundreds of monitors), as well as a nice selection of office furniture. The sealed bid sale is an excellent opportunity to purchase new product at a fraction of new cost, said HYPERAMS Director of Auction Services Burdette Wilber. And if youre in the market for general tools, racking, and material handling, you wont want to miss our Argyle Security auction. Interested buyers must act fast sealed bids are due by January 15 and the online auction starts to close on January 18.

HYPERAMS is also assisting Chicago, Illinois metal fabricator Why Not Iron liquidate its surplus assets, including CNC burning tables, shears, press brake, iron worker, bending rolls, mill, lathe, saws, drills, forklifts, plasma cutter, welders and generators, as well as assorted steel, racking, ladders, and much more. Wilber noted that this online auction, which starts ending on January 31, would be a great way for local fabricators to pick up new equipment to start their businesses on the right foot in the new year.

Finally, HYPERAMS, is participating in the wind-down of operations of Philadelphia, Pennsylvania-based Bartash Printing. HYPERAMS is conducting an online-only auction of the companys cold set offset printing facility, with featured assets including seven Tensor Web offset printing presses, as well as bindery, inserting, pre-press assets, paper stock inventory, and facility support equipment. Wilber noted this will be one of the first opportunities of the new year to purchase late-model printing equipment, with some of the equipment as new as 2016. The Bartash Printing online auction starts closing on February 7.

For more details on these and other upcoming auctions, please visit http://www.HYPERAMS.com or contact Director of Auction Services Burdette Wilber at bwilber@hyperams.com. If you are interested in discussing our auction and liquidation solutions, please contact Senior Vice President Gene Arenson at garenson@hyperams.com.


HYPERAMS is a full-service auction, appraisal, retail advisory and liquidation, and reverse logistics firm. The Company specializes in assisting both distressed and healthy companies manage surplus assets by providing clients with a complete asset disposition strategy. The Asset Disposition division focuses on investing in excess assets and conducting live and webcast auctions. The Appraisal division provides valuations of machinery, equipment, and inventory in most industry verticals. Since its inception, HYPERAMS has performed hundreds of appraisals, auctions, and store closings on behalf of financial institutions, restructuring/turnaround professionals, private equity firms, as well as business owners.

(c) Copyright: Arab News 2019 All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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