Levitz Furniture Going out of Business Sale Begins Immediately at All Locations

Wed Dec 5, 2007 7:55pm EST

* Reuters is not responsible for the content in this press release.

20% To 50% Discounts Offered on All Merchandise
CHICAGO--(Business Wire)--Store closing sales begin immediately at all 76 Levitz Furniture,
Inc. stores. Over $165 million of furniture and accessory inventory
from famous makers is being liquidated.

   Discounts from 20% to 50% are now being offered on all merchandise
in all stores. Consumers will be able to take advantage of important
savings on furniture for the living room, dining room, bedroom, kids'
room and home office. Additionally, outdoor furniture, lighting, and
home entertainment centers will be deeply discounted.

   Six companies have teamed up to conduct this sale, one of the
largest of its kind in recent years. Inventory liquidation will be
managed by Hilco Merchant Resources LLC, Tiger Capital Group LLC and
SB Capital Group LLC. Real estate disposition will be managed by HRE
Holdings LLC, a unit of Hilco Real Estate, LLC, and Kimco Realty
Services.

   Michael Keefe, President of Hilco Merchant Resources stated, "This
is an outstanding opportunity for every home owner and apartment
renter to realize unprecedented savings on a remarkable selection of
brand names in furniture and accessories. This is sure to be a very
popular sale and it should not last very long."

   The history of Levitz Furniture Corporation dates back to 1910
when Richard Levitz opened the first Levitz Furniture store in
Lebanon, Pennsylvania. In the 1960s, the "warehouse/showroom" concept
brought Levitz to the forefront of the furniture industry.

   NOTE TO EDITORS: STORE LOCATION LIST FOLLOWS

   Store Closing Sales Are Being Conducted at All Levitz Furniture
Locations:

-0-
*T
WEST PHOENIX, AZ
 (GLENDALE)        5870 West Bell Road            Glendale         AZ
MESA, AZ           225 South Dobson Road          Mesa             AZ
PHOENIX, AZ        2020 North 75th Ave. Suite 35  Phoenix          AZ
TEMPE, AZ          7310 South Priest Drive        Tempe            AZ
IRVINE, CA (LAGUNA Spectrum Crossroads, 16181
 HILLS)             Lake Forest Dr.               Irvine           CA
ANAHEIM, CA        1000 North Tustin Avenue       Anaheim          CA
BREA, CA           Brea Union II, 2335 Imperial
                    Highway                       Brea             CA
CERRITOS, CA       17970 Studebaker Road          Cerritos         CA
CONCORD, CA        2201 John Glen Drive           Concord          CA
CORONA, CA         470 McKinley Street            Corona           CA
FRESNO, CA         4525 West Shaw Avenue          Fresno           CA
HAWTHORNE, CA      2750 West 120th Street         Hawthorne        CA
HAYWARD, CA        680 W. Winton Avenue           Hayward          CA
HUNTINGTON BEACH,
 CA                7441 Edinger Avenue            Huntington Bch.  CA
TUSTIN, CA         13732 Jamboree Road            Irvine           CA
GLENDALE, CA       5375 San Fernando Road West    Los Angeles      CA
WEST LA, CA
 (CULVER CITY)     8850 Venice Boulevard          Los Angeles      CA
MODESTO, CA        3037 Sisk Road, Suite D        Modesto          CA
MURRIETA, CA       24410 Village Walk Place       Murrieta         CA
SACRAMENTO, CA (N.
 HIGHLANDS)        4741 Watt Avenue               North Highlands  CA
NORTHRIDGE, CA     9301 Tampa Avenue              Northridge       CA
ONTARIO, CA        735 N. Milliken Ave., Suite B  Ontario          CA
PINOLE, CA         1460 Fitzgerald Drive          Pinole           CA
DUBLIN, CA
 (PLEASANTON)      4299 Rosewood Drive            Pleasanton       CA
ROHNERT PARK, CA   5195 Redwood Drive             Rohnert Park     CA
ROSEMEAD, CA       8920 Glendon Way               Rosemead         CA
SO. SACRAMENTO, CA 7224 55th Street               Sacramento       CA
SAN DIMAS, CA      186 North Village Court        San Dimas        CA
SAN JOSE, CA       5353 Almaden Expressway, Suite
                    5C                            San Jose         CA
SAN LEANDRO, CA    3199 Alvarado Street           San Leandro      CA
SANTA CLARA, CA    2121 Laurelwood Road           Santa Clara      CA
VALENCIA, CA
 (SANTA CLARITA)   25620 N. The Old Road          Santa Clarita    CA
STOCKTON, CA       1777 East Hammer Lane          Stockton         CA
TORRANCE, CA       19800 Hawthorne Blvd, Suite
                    280                           Torrance         CA
VICTORVILLE, CA    15300 Palmdale Road            Victorville      CA
WEST COVINA, CA    Eastland Shopping Center, 2753
                    Eastland Dr.                  West Covina      CA
BRICKTOWN, NJ      Brick Township Center, 51
                    Chambers                      Bricktown        NJ
BRIDGEWATER, NJ    1213 Highway 22                Bridgewater      NJ
EAST BRUNSWICK, NJ 651 State Highway 18           East Brunswick   NJ
EATONTOWN, NJ      175 Highway 35 North           Eatontown        NJ
WILLOWBROOK, NJ
 (FAIRFIELD)       531 Route 46                   Fairfield        NJ
WOODBRIDGE, NJ
 (ISELIN)          429 Route 1 South              Iselin           NJ
JERSEY CITY, NJ    440 Route 440 West, Suite 2    Jersey City      NJ
UNION, NJ          2450 Route 22 East             Kenilworth       NJ
PARAMUS, NJ        545 Route 17 South             Paramus          NJ
PARAMUS, NJ (ROUTE
 4)                55 Route 4 West                Paramus          NJ
SUMMERLIN, NV      4245 Grand Canyon Pkwy, Suites
                    111-114                       Summerlin        NV
LAS VEGAS, NV      91 South Martin Luther King
                    Blvd.                         Las Vegas        NV
HENDERSON, NV      Wrm Sprg Prm Rtl Ctr, 1235 W.
                    Warm Springs                  Henderson        NV
CO-OP CITY, NY     Bay Plaza Shopping, 2264
                    Bartow Avenue                 Bronx            NY
GRAND CONCOURSE,
 NY                2480 Grand Concourse           Bronx            NY
MARINE PARK, NY    2544 Flatbush Avenue           Brooklyn         NY
FULTON ST, NY      486-496 Fulton Street          Brooklyn         NY
ELMHURST, NY       86-08 Queens Boulevard         Elmhurst         NY
FARMINGDALE, NY    2005 Route 110                 Farmingdale      NY
ROOSEVELT FIELD,
 NY (GARDEN CTY)   895 East Gate Blvd.            Garden City      NY
HOLBROOK, NY       5755 Sunrise Highway           Holbrook         NY
PEEKSKILL, NY      Cortlandt Town Center, 3093
                    East Main St.                 Mohegan Lake     NY
QUEENS, NY (MIDDLE 1 Rentar Plaza, 6626
 VILLAGE)           Metroplitan Ave.              Queens           NY
MIDDLETOWN, NY     600 North Galleria Drive       Middletown       NY
NANUET, NY         293 Route 59                   Nanuet           NY
SMITHTOWN, NY
 (NESCONSET)       3050 Middle Country Road       Nesconset        NY
HARLEM, NY         135 East 125th Street          New York         NY
14th STREET, NY    133 East 14th Street           New York         NY
TURNBULL, NY       845 White Plains Road          Sound View       NY
STATEN ISLAND      2795 Richmond Avenue           Staten Island    NY
VALLEY STREAM, NY  10 West Circle                 Valley Stream    NY
YONKERS, NY        2500 Central Park Avenue       Yonkers          NY
CLACKAMAS, OR      10176 SE 82nd Avenue           Portland         OR
PORTLAND, OR
 (TIGARD)          9770 SW Scholls Ferry Road     Tigard           OR
LANGHORNE, PA      1661 East Lincoln Highway      Langhorne        PA
BELLEVUE, WA       14640 NE 24th Street           Bellevue         WA
SEATTLE 2, WA
 (LYNNWOOD)        20111 46th. Ave. West          Lynnwood         WA
SILVERDALE, WA     9577 Ridgetop Boulevard NW,
                    Suite A                       Silverdale       WA
TACOMA, WA         2402 84th Street South         Tacoma           WA
SEATTLE, WA
 (TUKWILA)         17601 Southcenter Parkway      Tukwila          WA
*T

Hilco Merchant Resources
Richard L. Kaye
847-418-2711
rkaye@hilcotrading.com

Copyright Business Wire 2007