Heritage Global Expands Asset Solutions Capabilities with Launch of Intellectual Property Patents &
Trademarks Division
Newly Formed Heritage Global Patents & Trademarks Provides Auction and Brokerage Services of Patents,
Trademarks and Other Intangible Assets
Accomplished Industry Veteran with 25 Years of Auction Service Expertise Doug Berman Appointed as Director
of Heritage Global Patents & Trademarks
Heritage Global Inc. (OTCQB:HGBL)(CSE:HGP) (“Heritage Global” or the “Company”), a value-driven, innovative
leader in corporate and financial asset liquidation transactions, valuations and advisory services, today announced the launch of
Heritage Global Patents & Trademarks (“HGPT”), its newly formed Intellectual Property (“IP”) division for the sale of patents,
trademarks and other intangible assets. HGPT complements and expands Heritage Global’s existing asset valuation, advisory, and
auction capabilities by adding new service offerings to effectively market and monetize clients’ IP and intangible assets.
In conjunction with the launch of Heritage Global Patents & Trademarks, twenty-five year auction industry veteran Doug
Berman has been appointed Director of the new division. In this role, he will be responsible for overseeing HGPT’s operations
including developing and growing its customer base and implementing and executing effective sales and marketing strategies on
behalf of clients. An accomplished industry veteran, Mr. Berman has extensive experience in IP and real estate auction services,
sales management and new business development. He began successfully auctioning IP in the early 2000s and prior to that, served on
a team that conducted the largest commercial real estate auctions on behalf of the Resolution Trust Corporation and the Federal
Deposit Insurance Corporation. Mr. Berman also has a strong background in capital equipment auctions and valuations.
Commenting on the launch of HGPT, Heritage Global Chief Executive Officer Ross Dove stated, “The introduction of Heritage Global
Patents & Trademarks further strengthens Heritage Global Inc.’s position as a leading provider of diversified global asset
solutions and services, adding new complementary capabilities that effectively market and monetize clients’ non-core IP and
intangible assets, while creating added value for our corporate customers and investors. Combining HGPT’s services with our
existing platform of asset valuation, advisory and auction solutions from our Heritage Global Partners, Heritage Global Partners
Europe, Heritage Global Valuations, Heritage Equity Partners, Heritage National Loan Exchange and Heritage Zetabid divisions,
allows us to expand and diversify our offerings of unique, value-driven corporate and financial asset solution platforms that we
deliver to our clients and customers.
“Over the years, Doug Berman and I have worked together in various capacities on a number of auctions. He brings to his role at
HGPT a deep understanding of the unique dynamics of Intellectual Property assets and a proven record of generating strong results
on behalf of clients. We are confident in his ability to lead our HGPT division and establish Heritage Global as a leader in patent
and trademark auction services.”
Commenting on his appointment, Doug Berman stated, “Heritage Global has established a strong reputation of delivering innovative
global asset solutions and exceptional client service to large corporations and small businesses worldwide. In this role, I will
leverage my IP auction experience and deep industry relationships built over my career to grow the operations of the Company’s new
patents and trademarks division. The Company’s scalable diversified asset valuation, advisory and auction solutions will yield
distinct competitive advantages for our clients. I look forward to working with Ross and the exceptional teams at Heritage Global
to expand the capabilities of our subsidiary businesses.”
Heritage Global Patents & Trademarks will be headquartered in Northern California. Doug Berman may be reached at
707-245-4417 or via e-mail at dberman@hginc.com.
About Heritage Global Inc. ( www.heritageglobalinc.com )
Heritage Global Inc. (OTCQB:HGBL)(CSE:HGP) is a value-driven, innovative leader in corporate and financial asset liquidation
transactions, valuations and advisory services. Heritage Global focuses on identifying, valuing, acquiring and monetizing
underlying tangible and intangible assets in twenty-eight global manufacturing and technology sectors. Heritage Global acts as an
adviser, as well as a principal, acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and
equipment, industrial inventories, accounts receivable portfolios, intellectual property, and entire business enterprises.
Forward-Looking Statements
This communication includes forward-looking statements based on our current expectations and projections about future events.
For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995. The forward-looking statements contained in this communication are based on knowledge of
the environment in which the Company currently operates and are subject to change based on various important factors, including
variability in magnitude and timing of asset liquidation transactions, the impact of changes in the U.S. national and global
economies, interest rate and foreign exchange rate sensitivity, as well as other factors beyond the Company's control. Unless
required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. In light of these risks, uncertainties and assumptions, you should not place undue
reliance on these forward-looking statements, which speak only as of the date of this release. For more details on factors that
could affect these expectations, please see our filings with the Securities and Exchange Commission.
Heritage Global Inc.
Scott West, 858-847-0656
Chief Financial Officer
or
JCIR
Jennifer Neuman, Joseph Jaffoni
HGBL@jcir.com or 212-835-8500
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