SAN DIEGO--(BUSINESS WIRE)--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.
