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DSI Offers Sale of ADVANCED PRECISION MANUFACTURING, INC. and ADK ARMS, INC. under Bankruptcy Code Section 363

CHICAGO--(BUSINESS WIRE)-- The United States Bankruptcy Court Northern District of Illinois Eastern Division has ordered that Development Specialists, Inc. (“DSI”) shall serve as the Debtors’ Consultant and Sales Agent with respect to the sale under Bankruptcy Code Section 363 of substantially all of the assets of ADVANCED PRECISION MANUFACTURING INC. (17-18961) (www.apmi.us) and ADK ARMS, INC. (17-21679) (www.adkarms.com).

The companies design, market, produce and assemble high precision machined parts from a 21,000 square foot facility in Elk Grove Village, IL.

Assets to be Sold: Accounts Receivable, Inventory, Equipment, Contracts and Intellectual Property.

While not part of the bankruptcy estates, bids will also be received for the manufacturing facility located at 2301 Estes Ave, Elk Grove Village, IL. Optionality to purchase real estate, lease real estate or relocate equipment.

Industries served include: Military, Firearms, Aerospace, Oil Drilling, Power Generation and Medical

Capabilities: Milling, Laser Cutting, Water Jet Cutting, Rolling, Press Brake, Robotic Welding

Materials: Aluminum, Inconel, Titanium, Copper, Beryllium, Waspaloy, Hastelloy

For more information on the sale, please contact Patrick O’Malley (pomalley@dsi.biz) or Louis Trimble (ltrimble@dsi.biz) of Development Specialists, Inc. at 312-263-4141.

About DSI

For more than 35 years, DSI has been a leading provider of management consulting and financial advisory services, including turnaround consulting, fiduciary roles, financial restructuring, litigation support, wind-down oversight and forensic accounting services. The company is headquartered in Chicago and has offices in New York, Los Angeles, San Francisco, Miami, Philadelphia and Columbus, Ohio. Internationally, DSI has an office in London. For more information about DSI, visit http://dsi.biz/.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171010005656/en/

DSI
Patrick O’Malley, (312) 263-4141
pomalley@dsi.biz
or
Louis Trimble, (312) 263-4141
ltrimble@dsi.biz

Source: Development Specialists, Inc.