Association of Machinery & Equipment Appraisers (AMEA)
Alexandria, Virginia
Certified Appraiser 1994 – 2009

Uniform Standards of Professional Appraisal Practices (USPAP)
Completed October 2002

EDUCATION

Bachelor of Arts Degree from the economics department of Brown University, 1979

EMPLOYMENT EXPERIENCE

Employed full time by Gray Machinery Company in 1981
President of Gray Machinery Company, 1984 – Present
Managing Director of Premier Asset Recovery Group, 2000 – 2009

Gray Machinery Company is a full service used Machine Tool Dealer. Established in 1966 by Ronald M. Gray, Gray Machinery currently maintains two locations with 70,000 sq. ft of warehouse space and over 500 used machine tools in stock. Gray Machinery has been involved in all aspects of the machinery business; buying, selling, leasing, appraising, conducting liquidations and auctions of closed facilities. Gray Machinery Company has directly participated in the liquidation and/or auction of over 150 firms including such companies as: Midway Airlines, Amoco, Textron, Excello, Amca International, Heideleberg, I.T.T., Corning, Parker Hannifin, Giddings & Lewis, Etc.

One of Mr. Gray’s daily functions at Gray Machinery involves the evaluation of machinery and equipment for the purpose of buying & selling. Selling used machinery represents approximately 90 % of Gray Machinery’s revenue. Gray Machinery Company employs 15 highly skilled individuals. Gray Machinery is a member of the Association of European Machine Tool Merchants.

Mr. Gray was a member of the board of Directors of the Machinery Dealers National Association from 1986 – 1988

– Expert Testimony – (2) Wisconsin cases