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Bid Procedures for Sale of The Food Emporium Banner Approved

NEW YORK, Nov. 13, 2015 (GLOBE NEWSWIRE) -- Hilco Streambank (www.hilcostreambank.com), intellectual property sales consultant to The Great Atlantic and Pacific Tea Company, announced today that the Bankruptcy Court had approved certain bid procedures in connection with the proposed sale of The Food Emporium banner to Key Food Stores for $1.75MM. The bid deadline for higher or better offers on The Food Emporium assets is November 30, 2015 at 5:00 PM (EST). The acquired assets include The Food Emporium banner, trademarks, domain names, e-commerce business, and mobile application.

The deadline for bids to acquire A &P's other store banners and product brands is November 19, 2015 at 5:00 PM (EST). The banners for sale include A &P ®, Pathmark ®, Waldbaum's ®, Food Basics®, Super Fresh® and Best Cellars®. Several well-known product brands are also available including America's Choice ®, Green WayTM, Live Better ®, Woodson & James ®, Great Atlantic Seafood Market ®, Hartford Reserve ® and Jane Parker ®. Interested parties are encouraged to contact Hilco Streambank for more information.

About Hilco Streambank

Hilco Streambank is a market leading advisory firm specializing in intellectual property disposition and valuation. Over the last three years Hilco Streambank has become a leader in the IP valuation and disposition market, representing brands across various industries. Having completed numerous transactions including sales in publicly reported Chapter 11 bankruptcy cases, private transactions, and online sales through HilcoDomains.com and IPv4Auctions.com, Hilco Streambank has established itself as the premier intermediary in the consumer brand, internet and telecom communities. Hilco Streambank is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com), a worldwide financial services company and leader in helping companies maximize the value of their assets.

For questions or more information regarding The Food Emporium and the Company's other intellectual property assets, please contact:

David Peress
Executive Vice President
Hilco Streambank
(781) 471-1239
dperess@hilcoglobal.com

Matt Helming
Director
Hilco Streambank
(781) 471-1240
mhelming@hilcoglobal.com

Dmitriy Chemlin
Director
Hilco Streambank
(212) 610-5642
dchemlin@hilcoglobal.com

CONTACT: Gary C. Epstein EVP Chief Marketing Officer Hilco Global gepstein@hilcoglobal.com 847 418 2712

Source: Hilco Global