Press Release

Business Wire  –  Wed Dec 05 18:55:00 CST 2007

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

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:

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 HILLS] Spectrum Crossroads, 16181 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 VILLAGE] 1 Rentar Plaza, 6626 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