NEW YORK, Feb. 3, 2016 (GLOBE NEWSWIRE) -- Hilco Streambank (www.hilcostreambank.com) and Piper Jaffray have been hired to assist Outdoor Direct Corporation and Q-Beam Corporation in the sale of their remaining assets. The assets include all intellectual property and remaining inventory associated with the Brinkmann® and Q-Beam® brands. The sale is being conducted pursuant to Section 363 of the Bankruptcy Code in the Malibu Lighting Corporation Chapter 11 case pending in the United States Bankruptcy Court for the District of Delaware (Case No. 15-12080 (KG)).
Parties interested in acquiring the Q-Beam brand have been asked to submit bids on or before Friday – February 5, 2016 at 4:00PM ET. An auction to consider bids for the remaining Q-Beam inventory is scheduled for February 9, 2016 at 10:00 am in Wilmington, Delaware. Timely bids for the Q-Beam intellectual property may be considered at the Auction.
The bid deadline for the Brinkmann® intellectual property assets is Friday - February 19, 2016 at 5:00PM ET.
"The Brinkmann® and Q-Beam® brands have longstanding and strong recognition by consumers in markets throughout the country," said Hilco Streambank EVP – David Peress. "Since 1974, the Brinkmann® brand has stood for quality gas and charcoal barbeque grills, smokers, and accessories at moderate price points. For over 30 years, Q-Beam® branded products have provided the go to solutions for high intensity portable lighting."
Distribution of Brinkmann® and Q-Beam® branded products is extremely broad, ranging from home centers, sporting goods retailers and industrial supply catalogs, to Wal-Mart, Amazon.com, and other retailers and online outlets.
Parties interested in learning more about these assets, the sale process and other bidding requirements should contact Hilco Streambank directly using the contact information provided below.
About Hilco Streambank
Hilco Streambank is a market leading advisory firm specializing in intellectual property disposition and valuation 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 a leader in helping companies maximize the value of their assets.
For questions or more information regarding the Brinkmann® and Q-Beam® intellectual property, please contact:
Executive Vice President
CONTACT: Gary Epstein EVP-CMO Hilco Global Office: 847-418-2712 Mobile: 847-323-4943 Email: firstname.lastname@example.org
Source: Hilco Global