Counsel RB Capital Inc. (the “Company”), a leader in distressed and
surplus capital asset transactions, announced today that its name change
to Heritage
Global Inc. is now effective and the Company’s shares are trading
under the OTCQB stock ticker HGBL.
The Company’s Board of Directors recommended the proposal to change the
Company’s name to Heritage Global Inc., which was approved on July 22
pursuant to the written consent of a majority of the Company’s
shareholders, without a meeting, as permitted by Florida law and the
Company’s articles and by-laws. An Information Statement was sent to
shareholders regarding the proposal. The Company’s shares continue to
trade on the OTCQB market and it remains registered with, and will
continue reporting to, the United States Securities and Exchange
Commission (SEC).
Heritage Global Inc. Chairman and President Allan Silber stated,
“Heritage will continue to focus on a combination of principal and
syndicated surplus capital asset transactions, long-term forward flow
contracts, and providing asset advisory and turnkey auction services for
our valued clients. We have reduced corporate overhead and streamlined
our infrastructure and are confident about the prospects for success
under the leadership of industry veterans Kirk and Ross Dove and their
experienced team of seasoned professionals.”
About Heritage Global Inc. (www.heritageglobalinc.com)
Heritage Global Inc. (OTCQB: HGBL) is a value-driven, innovative leader
in distressed and surplus capital assets valuations and transactions.
The Company focuses on identifying, valuing, acquiring and monetizing
distressed and surplus capital assets in twenty-five global
manufacturing and technology sectors. It specializes in both acting as
an advisor as well as acquiring turnkey manufacturing facilities,
surplus industrial machinery and equipment, industrial inventories,
accounts receivable portfolios and related intellectual property.
Forward-Looking Statements
The statements made in this release that are not historical facts
contain forward-looking information that involves risks and
uncertainties. All statements, other than statements of historical
facts, which address the Company's expectations, should be considered as
forward-looking statements. Such statements are based on knowledge of
the environment in which the Company currently operates, but because of
the factors listed herein, as well as other factors beyond the Company's
control, actual results may differ materially from the expectations
expressed in the forward-looking statements. Important factors that may
cause actual results to differ from anticipated results include, but are
not limited to, obtaining necessary approvals and other risks detailed
from time to time in the Company's securities and other regulatory
filings.
Copyright Business Wire 2013