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HILCO INDUSTRIAL ANNOUNCED COMPLETED SALE OF CALGARY-BASED CHRIS MECHANICAL SERVICES ASSETS TOTALING OVER $1.3 MILLION

NORTHBROOK, Ill., April 28, 2016 (GLOBE NEWSWIRE) -- Hilco Industrial (www.hilcoind.com), a unit of Hilco Global, announced that the results from the April 14, 2016 webcast auction for Chris Mechanical Services exceeded expectations. The auction, which was recently completed, was held in partnership with California-based Machinery Network Auctions.

Chris Mechanical Services Ltd. has been providing industrial equipment design, maintenance, and manufacturing services in Calgary, Alberta as a CNC fabricating machine shop. The company focused on delivering quality innovative products in the oilfield service industry. On December 18, 2015 FTI Consulting Canada Inc. was appointed as Receiver, pursuant to an Order of the Court of Queen's Bench of Alberta, of all the assets, undertakings and properties of Chris Mechanical Services Ltd. and those related Companies listed in the Receivership Order.

Among the assets sold through the auction were metal machining, oil field services equipment, inventory, and support equipment. Over 800 lots were featured in the auction that brought in sales of over $1.3 million. For additional information on the auction, lot catalog, remaining assets or details on the assets sold, visit http://www.hilcoind.com or contact:

• John Sharpe - - Hilco Industrial, jsharpe@hilcoind.com +1 416.252.1955
• Bruce Lyle - - Hilco Industrial, blyle@hilcoglobal.com +1 416.252.1955
• John Magnuson - - Hilco Industrial, jmagnuson@hilcoglobal.com +1 847.504.3204

About Hilco Industrial:
Hilco Industrial (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. In addition to providing services on a fee or commission basis, Hilco Industrial has capital to put at risk and often acquires assets or provides guarantees. Hilco Industrial is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com ), the world's leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace. Hilco Global operates twenty specialized business units offering services that include asset appraisal, retail and industrial inventory acquisition and disposition, real estate repositioning and renegotiation, strategic advisory, consulting and strategic capital investments.

About Chris Mechanical Services
Chris Mechanical Services Ltd. is a dedicated CNC Fabricating Machine Shop established in 1981, focused on manufacturing and delivering quality innovative products in the oilfield service industry.

Media Contacts:
Gary Epstein
Chief Marketing Officer
Hilco Global
(847) 418- 2712
gepstein@hilcoglobal.com

CONTACT: Gary Epstein Chief Marketing Officer Hilco Global (847) 418- 2712 gepstein@hilcoglobal.com

Source: Hilco Global