PR91393

NEW YORK, Aug. 31, 2021 /PRNewswire=KYODO JBN/ --

- Offering Includes Intellectual Property, Inventory, Contracts

- Bids Due October 4, 2021, Auction on October 6, 2021

Hilco Streambank, a market-leading advisory firm specializing in the

monetization and sale of intellectual property assets, announced today that it

has been retained, subject to bankruptcy court approval, by Aiwa Corporation, a

debtor in a chapter 11 bankruptcy proceeding, to market and sell substantially

all of its operating assets.

Logo - https://mma.prnewswire.com/media/584222/Hilco_Streambank_Logo.jpg

The assets available for sale include the Aiwa trademarks registered in the

U.S., the E.U., the U.K., France, and WIPO, domain names, including aiwa.co,

patents, eCommerce storefronts, social media accounts, inventory, other related

tangible assets, and contracts, including license agreements.

The iconic Aiwa brand was launched in 1951 and has been recognized over the

past 70 years as a global leader in the manufacturing of high-quality audio

products, including speakers, headphones, and stereo systems. At its zenith,

the Aiwa brand generated over $2 billion of annual revenues worldwide. Hilco

Streambank CEO Gabriel Fried commented that, "not very often does an

opportunity arise to acquire such a top tier brand in this industry. As

increasingly more newcomers enter the consumer electronics market, owning a

brand as recognizable as Aiwa would be a tremendous competitive advantage."

The sale and Hilco Streambank's retention are subject to court approval by the

United States Bankruptcy Court for the Northern District of Illinois.

Bid Deadline: October 4, 2021 at 1:00 p.m. Eastern

Auction: October 6, 2021 at 1:00 p.m. Eastern

Parties interested in acquiring the assets or learning more about the sale

process should contact Hilco Streambank directly using the contact information

provided below.

Gabriel Fried

CEO

Gfried@hilcoglobal.com

617.458.9355        Richelle Kalnit

Senior Vice President

rkalnit@hilcoglobal.com

212.993.7214        Jordon Parker

Vice President

jparker@hilcoglobal.com

719.821.0894

Disclaimer

Aiwa Corporation has no association with Sony Corporation or any of its

subsidiaries, the previous holders of the Aiwa trademark.

About Hilco Streambank: Hilco Streambank (

https://c212.net/c/link/?t=0&l=en&o=3274654-1&h=1788200378&u=https%3A%2F%2Fwww.hilcostreambank.com%2F&a=Hilco+Streambank

) is a market-leading advisory firm specializing in intellectual property

disposition and valuation. Having completed numerous transactions including

sales in publicly reported Chapter 7 and 11 bankruptcy cases, private

transactions, and online sales through IPv4.Global (

https://c212.net/c/link/?t=0&l=en&o=3274654-1&h=3061880183&u=https%3A%2F%2Fipv4.global%2F&a=IPv4.Global

), Hilco Streambank has established itself as the premier intermediary in the

consumer brand, internet and telecom communities. Hilco Streambank is part of

Northbrook, Illinois-based Hilco Global (

https://c212.net/c/link/?t=0&l=en&o=3274654-1&h=1474848630&u=http%3A%2F%2Fwww.hilcoglobal.com%2F&a=Hilco+Global

), 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 more than twenty specialized business units

offering services that include asset valuation and appraisal, retail and

industrial inventory acquisition and disposition, and real estate and strategic

capital equity investments.

SOURCE  Hilco Streambank

CONTACT: Gary C. Epstein, EVP Chief Marketing Officer, Hilco Global,

gepstein@hilcoglobal.com, 847.418.2712