HGP to Manage Large-Scale Auction of Premium Supply Restaurant Equipment and Foodservice Supplies Beginning January 24

Sale Resulting from Closure of 42,000 sq. ft. Industrial Facility in Deer Park, NY

January 05, 2017 10:00 AM Eastern Standard Time

DEER PARK, N.Y. & SAN DIEGO – (BUSINESS WIRE) – Heritage Global Partners (“HGP”), a worldwide leader in asset advisory and auction services and a subsidiary of Heritage Global Inc. (OTCQB: HGBL, CSE: HGP), today announced it will manage an upcoming global online auction featuring the restaurant equipment and foodservice supplies of Premium Supply beginning January 24, 2017. Premium Supply previously engaged in the distribution of foodservice equipment and supplies to restaurants, hotels, catering facilities, corporate cafeterias, and other unique venues, before being acquired by a competitor in 2016. The sale is a result of the closure of its former industrial facility in Deer Park, NY.

The sale features nearly 500 lots of foodservice equipment and supplies including refrigerators, freezers, gas burners, toasters, stoves, griddles, wine coolers, coffee makers, fine china, glassware, kitchenware, disposables and general facility support. A public preview of the assets will be held on January 23 at 960 Grand Blvd, Deer Park, NY 11729, or earlier by appointment. Auction registration information and a complete sale catalog featuring lot descriptions, equipment specifications and other details is available on HGP’s website.

Global Online Auction: Premium Supply

January 24, 2017 (7:00 am EST) – January 26, 2017 (12:00 pm EST)

https://www.hgpauction.com/auctions/87461/premium-supply-co-inc/

For questions or sale preview information please contact Nick Dove, HGP Director of Sales.

“This sale presents a tremendous opportunity for dealers and operators in the restaurant, catering and foodservice industry to acquire high-quality, new and unused kitchen equipment, supplies and support assets at attractive prices. We have already received strong interest from buyers worldwide and expect participation to grow leading up to the January 24 auction date,” stated Nick Dove, HGP Director of Sales.

Heritage Global Partners is one of the leading worldwide asset advisory and auction services firms. Learn more at www.hgpauction.com.

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