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Hilco and Miedema to conduct the third City Wide public auction sale for surplus City assets on June 16th.

DETROIT, June 8, 2015 (GLOBE NEWSWIRE) -- The City of Detroit will auction off over 200 transportation and maintenance vehicles and other surplus equipment on Tuesday June 16, 2015. Assets from PLD, DPW, DFD, DPD and DDOT include Aerial Lift Trucks, Police Cars, Fire and Ladder trucks, Ambulances, Front End Loaders, Tractors, Pick Up Trucks, Box Trucks, Garbage and Sweeper Trucks and Paving Equipment will be sold for cash to the highest bidders.

Robert Levy, of Hilco Industrial and Scott Miedema of Miedema Auctioneering both stated that they are pleased to see The City continue in its path to fiscal responsibility in bringing this wide range of desirable assets to the public in a sales forum open to the public.

The auction sale will commence at 10:00 AM EDT and bidders may bid in person at the Herman Kiefer Health Complex at 1151 Taylor Street, Detroit, MI or online. More information is available at www.hilcoind.com and www.1800lastbid.com. Payment is due the day of sale.

For an early inspection, please contact Ken Planet at 248-238-7988 or email kplanet@hilcoglobal.com. Registration for this auction will be available onsite or online through www.hilcoind.com and www.1800lastbid.com.

About Hilco Industrial LLC - Hilco Industrial LLC (www.hilcoind.com) provides industrial asset disposition services, specializing in machinery, equipment and inventory auctions and negotiated sales. It sells the broad range of industrial assets found in manufacturing, wholesale and distribution companies. Hilco Industrial performs dispositions through on-site, online and combination "webcast" auction sale events as well as negotiated (private treaty) sales. Hilco Industrial has capital to put at risk and often acquires assets or provides guarantees. It also provides asset disposition services on a fee or commission basis. Hilco Industrial is part of Hilco Global (www.hilcoglobal.com), the world's leading authority on helping companies maximize the value of their assets delivering a complete suite of asset valuation, monetization and advisory services.

About Miedema Asset Management Group- Miedema Asset Management group consists of seven valuation, consultation, and liquidation companies (www.1800lastbid.com) across North America. These companies employ nearly 200 professionals specializing in all areas of Commercial, Construction, Industrial and Real Estate sales and auctions. Miedema recently celebrated its 30th year in business and continues to grow and expand conducting hundreds of online and live auctions annually selling to bidders across the globe.

CONTACT: Marsha Fales-Wright Vice President of Marketing Farmington Hills, MI 48334 (248) 254-9999 X 22 mfales-wright@hilcoglobal.com Gary C. Epstein EVP Chief Marketing Officer Northbrook, Illinois 60035 (847) 418-2172 gepstein@hilcoglobal.com

Source: Hilco Global