Management Of Clear Thinking Group Acquires Firm’s Assets From Parent Company

Furniture World Magazine

Clear Thinking Group announced that its management team has completed the acquisition of the consulting firm’s assets from parent company Liquidation World (TSX: LQW). Concurrent with the transaction, Clear Thinking Group became a limited liability corporation. “We are pleased to have completed this transaction, which allows us to focus on growing our consulting business and Liquidation World, in turn, to concentrate on its core business,” said Stuart Kessler, CEO of Clear Thinking Group, LLC. “As an independent entity, we are now free to pursue certain opportunities which may have conflicted with the operations of our parent company, as well as to develop additional service offerings.” Clear Thinking Group became a wholly owned subsidiary of Liquidation World, Calgary, Alberta, in March 2002. “We are grateful to the management of Liquidation World for their support during our formative years and wish them well,” Kessler commented. “Moreover, we look forward to working with them on projects that might require the talents and resources of both organizations.” Clear Thinking Group provides a wide range of corporate turnaround, workout and strategic consulting services to retail companies, consumer product manufacturers/distributors and industrial companies. Through its Turnaround & Crisis Management, Process & Productivity Improvement, and Creditor Rights practice groups, the national advisory organization assists small- to- multi-billion-dollar companies during times of strategic change, opportunity, growth, acquisition, and crisis. For further information, visit the firm’s website at www.clearthinkinggrp.com. Liquidation World’s menu of services includes auctions, reverse logistics, store closure sales management, and retail liquidations of consumer merchandise through 100 outlets across North America. The company opened its first retail outlet in 1986 and is now the largest liquidator in Canada, with more than 1,600 employees in outlets and offices across Canada and the United States.