Scope of Assets of Candlestick Auction Substantially Reduced by Agreement with City of San Francisco as a Result of Developments in Pre-Demolition Planning

September 16, 2014 10:03 AM Eastern Daylight Time

SAN FRANCISCO & 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 its upcoming global online auction – October 1 (7 am PT) through 12 noon PT on October 3 – of the surplus Centerplate concessions and kitchen equipment assets used at San Francisco’s Candlestick Park (The ‘Stick). One of the world’s most famous sports and entertainment stadiums, the ‘Stick will soon be demolished after a long, 54-year-run. Centerplate is a leader in sports and entertainment venue hospitality, including managing food and beverage services, for 80+ years.

Centerplate’s assets have been utilized to serve guests at a wide array of Candlestick events. A public preview of the Centerplate assets is set for September 30, from 9 to 5 PT at The ‘Stick. Candlestick Park Centerplate Asset Auction Highlights

Concessions & Kitchen Equipment, including:

  • Food Grills
  • Food Warmers/Warmer Display Units/Hot Box Cabinets.
  • Beer Tap Stations
  • Ice Maker Machines
  • Soda Machine Drop-Ins
  • Stainless Steel Refrigerators & Walk-in Refrigerators/Freezers
  • Deep Fryers
  • Stainless Steel Sinks & Tables
  • Condiment Shelf Stations…and much more!

HGP Director of Sales Nick Dove stated, “We have a compelling variety of concessions and kitchen equipment assets for sale in early October that will no doubt be of interest to organizations around the globe that participate in the commercial food service industry.” The sale is being held in conjunction with Schneider Industries, Inc., which has also successfully conducted previous asset sales at Tiger Stadium (Detroit) and Busch Stadium (St. Louis). HGP plans to have a full asset catalog up on its website by the end of this week. Heritage Global Partners is one of the leading worldwide asset advisory and auction services firms and a subsidiary of publicly traded Heritage Global Inc. (OTCQB: HGBL and CSE: HGP).