Heritage Global Inc. Announces New Head of Heritage Global Valuations

Heritage Global Inc. (NASDAQ: HGBL) (“Heritage Global,” “HGI” or “the Company”), an asset services company specializing in financial and capital assets, today announced that Michael Goldstein has been promoted to Executive Managing Director, Head of Heritage Global Valuations (“HGV”), a division of Heritage Global Partners and a leading asset liquidation and appraisal firm.

The promotion of Goldstein reflects Heritage Global’s expanding scale and strategy of appointing proven leaders in the asset liquidation, valuation and advisory services business. Mr. Goldstein will oversee the growth and development of HGV’s value-driven corporate and financial asset solutions platform, with an ongoing focus on expanding the current client base while continuing to provide best-in-class customer service.

Mr. Goldstein co-founded HGV in 2011 and has more than 25 years of experience performing and overseeing valuations of industrial, wholesale and retail inventories across a variety of industries in addition to business development responsibilities. Before joining HGV, he was in charge of new business efforts for a nationally recognized asset appraisal and liquidation firm and managed a team of inventory appraisers. Prior to that, Mr. Goldstein helped manage the inventory appraisal team of a prominent Northeast asset valuation and liquidation practice based in New York. He is active with the Secured Finance Network, Turnaround Management Association and Association for Corporate Growth, as well as other financial associations. Mr. Goldstein holds a bachelor’s degree from Pennsylvania State University and an MBA from Hofstra University. He is based in Boca Raton, Florida.

Mr. Goldstein commented, “It is an honor to have been appointed to lead such a talented team of individuals. Heritage Global Valuations has established a strong reputation since our inception in 2011. With the backing of a world-class liquidation firm, we are uniquely positioned to provide our clientele with real world, accurate valuations. During these challenging times, having a valuation partner with a pulse on the market is critical to the protection of our customers.”

Commenting on the promotion of Mr. Goldstein, Kirk Dove, COO & President of Heritage Global stated, "I am extremely excited for Michael to lead Heritage Global Valuations. Michael’s deep valuation experience across a wide variety of industries will be integral to helping HGV provide our continually expanding client base with deep industry insight and quality appraisals.”

About Heritage Global Inc. (www.heritageglobalinc.com)

Heritage Global Inc. (NASDAQ: HGBL) is an asset services company specializing in financial and capital assets. The company provides a full suite of services including market making, acquisitions, dispositions, valuations and secured lending. Heritage Global focuses on identifying, valuing, acquiring and monetizing underlying tangible and intangible assets across twenty-eight global sectors. The company 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.

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