New Asset Advisory and Global Auction Firm Heritage Global Partners is Launched

Founded by respected, experienced industry professionals, Ross and Kirk Dove
SAN DIEGO--(Business Wire)--
Ross and Kirk Dove announced the launch of Heritage Global Partners, a new asset
advisory and auction services firm created to assist large and small companies,
with buying and selling of assets.

As industry pioneers and experts, the Dove brothers have developed asset
recovery programs that have been utilized by much of the world`s biggest
companies including the Global 2000, listed by Forbes Magazine.

Heritage Global Partners offers asset brokerage, asset inspection, asset
valuations, industrial equipment auctions, and real estate auctions among other
services. All auctions are conducted via the Internet, utilizing online and/or
webcast formats.

Additionally, the company is the first to pioneer sophisticated search
technology to help large and small corporations navigate the secondary market
and procure used equipment directly tied to their specifications. The Dove
brothers have also developed Sector Sales, a new format, making it easier to
facilitate sales for buyers and sellers of quality used equipment.

"Our goal is to bring back the excitement of ground breaking innovation and
pioneering spirit that helped transform industrial asset and commercial real
estate auctions and valuations to the methods of choice, instead of distressed
necessity," said Ross Dove, co-managing partner.

As a third generation which brings over a half century of worldwide experience
as appraisers and auctioneers, in virtually every industrial sector and
geography, the Dove brothers have created this new company to meet the equipment
needs of nearly every sector in the marketplace - such as automotive, computers,
pharmaceutical, aviation and machinery.

"We begin with a clean slate and lessons learned from decades of service in
thirty countries and fifty sectors. We will build the best of breed global
alliances, and offer unparalleled service to corporations, lenders, receivers,
and advise through extraordinary execution," said Kirk Dove, co-managing
partner.

Heritage Global Partners is the outgrowth of a seven-decade legacy of three
generations of industry pioneers. Company founders, Ross and Kirk Dove, together
have conducted over 4,000 industrial auctions, spanning 30 countries. After
storied careers serving the Global 2000, they decided to create Heritage Global
Partners to bring world-leading best practices and technology, strategy,
execution and results to the marketplace. For more information, visit
www.thehgp.com.

Stephanie Freedman
FREEDMAN COMMUNICATIONS
stephanie@freedmancommunications.com
248.797.9061

Copyright Business Wire 2009