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Wireless Broadband Network Infrastructure and Related Intellectual Property, and Capital Equipment to Be Auctioned by Heritage Global Partners via Global Online Auction May 4

April 20, 2012 10:00 AM Eastern Daylight Time

San Diego, CA – (BUSINESS WIRE) – Heritage Global Partners (“HGP”), a global leader in asset advisory and auction services and a wholly owned subsidiary of Counsel RB Capital (OTCQB: CRBN), today announced that it will conduct a UCC foreclosure sale of the complete wireless broadband network infrastructure, related intellectual property and capital equipment  assets of former high-speed wireless Internet service provider Airewire, Inc., and its subsidiaries Airimbia Wireless Inc. and Windchannel Communications.  The sale will be conducted via live global online auction.

The complete sale of Airewire’s assets begins Friday, May 4, 2012 at 1:00 pm ET with the live auction, accessible at www.hgpauction.com.  The aggregate sale includes Wireless Patents and Technologies, Accounts Payables and Receivables, Leasehold Improvements, Desktop and Laptop Computers, Networking Equipment, Software Demonstration Equipment, Office Equipment and much more.

All prospective bidders will be required to wire transfer $25,000 to participate in the bidding. All deposits are fully refundable at the conclusion of the auction to those parties that are not the high bidder. The minimum opening acceptable bid is $600,000.

“We are anticipating very strong demand from online buyers for the complete sale of Airwire’s high-quality wireless broadband network infrastructure and related capital assets, including their valuable technology patents, trademarks and equipment,” stated Heritage Global Partners Vice President George Wandachowicz.

Led by auction industry pioneers Ross and Kirk Dove, Heritage Global Partners is one of the country’s leading asset advisory and auction services firms, assisting large and small companies with buying and selling assets. A Counsel RB Capital company (OTCQB: CRBN), HGP specializes in asset brokerage, inspection, and valuations, industrial equipment and real estate auctions, as well as enterprise auctions combining tangible and intangible assets.

To obtain more information including scheduling an on-site preview, please visit www.hgpauction.com or contact George Wandachowicz at gw@hgpauction.com.

 

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