HGP & SVD Launch ITX

SAN DIEGO – (BUSINESS WIRE) – Heritage Global Partners (“HGP”), a global leader in asset advisory and auction services and a subsidiary of Heritage Global Inc. (OTCQB: HGBL, CSE: HGP) today announced that the Company has entered into an exclusive strategic alliance with Silicon Valley Disposition (“SVD”), a leading technology equipment auction and appraisal firm, to launch the ITX Information Technology Xchange (“ITX”) (www.theitx.com), a full-service IT asset disposition (“ITAD”) solutions and auction platform for the buying and selling of surplus technology and datacenter assets. With a culture rooted in innovation and over four decades of proven results in IT asset monetization, the alliance combines the core competencies of HGP and SVD to bring global corporate clients superior IT equipment disposition and recovery services.

The innovative ITX platform leverages blockchain technology to provide buyers more payment options for asset purchases through Bitcoin digital currency. By accepting Bitcoin, ITX is able to expand its customer base, while easily processing both domestic and international payments without third-party interruptions. At the same time, ITX’s dedication to client-first creative structures allows for financial guarantees that ensure risk mitigation, value creation and security for sellers. As markets continue to move towards greater blockchain adoption, ITX is one of the few ITAD platforms to market asset auctions to the digital currency purchasing community.

“With a growing number of large corporations adopting cloud-based solutions to adapt to the rapidly evolving technology landscape, Heritage Global Partners and Silicon Valley Disposition came together to develop a full-service IT asset disposition platform for clients to maximize the value of their surplus technology infrastructure,” stated Ross Dove, Heritage Global Chief Executive Officer. “Our respective firms have been pioneers and innovators in the sale of technology-related assets, having conducted hundreds of millions of dollars in successful IT asset recovery projects worldwide on behalf of some of the largest OEMs, retailers and US bankruptcies including Enron, Hewlett Packard, IBM, Apple, Sun Microsystems, Napster, Worldcom, Drexel Burnham, Packard Bell and Compaq, among others. The HGP and SVD strategic alliance will leverage both companies’ combined global asset advisory expertise to bring the most comprehensive suite of results-driven IT asset disposition solutions and services to market.”

“Silicon Valley Disposition is thrilled to partner with Heritage Global to launch our ITX platform, as HGP has built an industry-wide reputation for delivering exceptional service and value to its corporate clients, customers and partners,” added John Caroll, Silicon Valley Disposition President. “Managing technology assets through their end-of-life and beyond requires a secure process in order to protect sensitive data and ensure compliance with environmental, health and safety regulations. ITX’s offering of results-driven services are designed to solve each client’s unique IT asset disposition challenges through the delivery of tailored, experience-based solutions. In addition, ITX is one of the few ITAD platforms where customers and clients have the ability to pay with Bitcoin digital currency and where asset buyers can purchase pre-owned power mining equipment for cryptocurrencies.”

The penetration of cloud computing solutions, big data analytics, the Internet of Things (IoT) and cognitive computing continues to rapidly expand as enterprises seek to create new operating efficiencies, cut costs and reduce energy consumption. One of the principal concerns for enterprises is to ensure the safe and reliable disposal of their data servers and surplus IT infrastructure. The ITX Information Technology Xchange offers data destruction, asset recovery/remarketing, recycling, controlled facility and logistics services for corporations’ IT assets including computers/laptops, mobile devices, peripherals, storages, servers and other network equipment. To learn more, contact ITX today at customerservice@theitx.com or +1(650) 678-3299.

About ITX Information Technology Xchange 
The Information Technology Xchange is a strategic alliance between Heritage Global Partners, Inc. (HGP) and Silicon Valley Disposition, Inc. (SVD). The alliance provides corporate sellers with decades of experience and success in both creating and executing IT asset disposition solutions and strategies worldwide. Our ability to adhere to our clients’ requirements, innovative marketing solutions and remarketing expertise make us the clear cut choice for all your ITAD needs.

About Heritage Global Inc.
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.

About Silicon Valley Disposition
Silicon Valley Disposition, Inc. is a global leader in the valuation and disposition of technology related manufacturing equipment utilizing innovative solutions such as crowd sourcing, data analytics and other proprietary strategies to provide the highest value to our customers worldwide. The Company’s primary focus and expertise is in assets and inventories found in technology related manufacturing facilities. SVD’s history, strength and equipment knowledge is centered on the following industries; Biotechnology, Electronic Test & Measurement (ETM), Information Technology (IT), LCD Display Manufacturing, Life Sciences, Printed Circuit Board (PCB) and Surface Mount Technology (SMT), Semiconductor Fabrication & Packaging, Solar Manufacturing, Smart Grid and Energy Storage. Silicon Valley Disposition performs global online auctions and negotiated sales to provide the highest value to our customers through our vast network of international buyers and sellers.

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