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Escala Group Inc., formerly Greg Manning Auctions, Inc. (GMAI), is a global collectibles merchant and auction house network with operations in North America, Europe and Asia and on the Internet. In September 2003, the Company and Auctentia, S.L. (Auctentia), integrated their auction businesses, creating a global collectibles auction network. Auctentia is the wholly owned subsidiary of Afinsa Bienes Tangibles, S.A. (Afinsa), the Company's major customer. Afinsa and Auctentia collectively own approximately 69% of the Company's outstanding common stock. In North America, the Company is a traditional and e-commerce-Internet, interactive telephone, and Internet and live simulcast-auctioneer and merchant/dealer of collectibles, including rare stamps, stamp collections and stocks, coins, sports trading cards and memorabilia, and fine art. The Company acquired H.R. Harmer in July 2004. H.R. Harmer conducts high-end philatelic auctions of rare single stamps and collections.(Source: 10-K)