Heritage Global Inc. Announces Appointment of Chief Marketing Officer

Heritage Global Inc. (NASDAQ: HGBL) (“Heritage Global Inc” “HGI” or “the Company”), an asset services company specializing in financial and industrial asset transactions, announced today that Raspina Jannesar has joined its Executive Leadership team as Chief Marketing Officer (“CMO”). As CMO, Ms. Jannesar will lead all corporate marketing and branding efforts, including strategy and awareness, tactics and planning, public relations activity, and corporate communications.

Ms. Jannesar is an experienced marketing leader with a proven track record in the SaaS space for auctioneers. Most recently she led the Client Success Team as the Senior Director of Client Success at Auction Technology Group (“ATG”), which operates seven of the world’s leading marketplaces for online curated auctions. At ATG, Ms. Jannesar utilized her expertise in digital marketing for both B2B and B2C to implement best practices and spearhead commercial growth.

For more than 19 years, Ms. Jannesar has demonstrated her expertise as a high-caliber public speaker, marketing and operations leader. She is best known for her passion and diligence in all pursued enterprises. Her ability to design and launch effective marketing campaigns while optimizing processes, implementing team building tactics, and leadership style have resulted in maximum efficiency and record-breaking increases in profits and productivity.

“We are extremely excited to welcome Raspina to the Heritage Global team,” said Ross Dove, CEO. “We have built a profitable and successful company which holds a unique position in the market. We are poised for explosive growth and need to drive awareness of our company, especially to the investor community. We are pleased to have Raspina on board to help with this endeavor.”

“I’m thrilled to be joining a team that brings over 150 years of collective industry experience and expertise in virtually every industrial sector and geography,” said Ms. Jannesar. “I look forward to utilizing my skills and insights to collaborate with and complement the Heritage Global team for further expansion of the overall business.”

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

Heritage Global Inc. (NASDAQ: HGBL) is an asset services company specializing in financial and industrial asset transactions. 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.

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. While the Company believes the forward-looking statements contained in this communication are accurate, these forward-looking statements represent the Company’s beliefs only as of the date of this communication, and there are a number of factors that could cause actual events or results to differ materially from those indicated by such forward-looking statements, including variability in magnitude and timing of asset liquidation transactions, the impact of changes in the U.S. national and global economies, and 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.

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