Heritage Global Valuations Appoints Elise DiBenedetto as Director of Business Development

Heritage Global Valuations ("HGV"), a division of Heritage Global Inc. (NASDAQ:HGBL), a leading appraisal and liquidation firm, today announced the appointment of Elise DiBenedetto as Director of Business Development. Based in the Northeast, she will focus on expanding relationships across the restructuring, lending, and professional services sectors.

In her role, DiBenedetto will be responsible for developing and strengthening relationships with financial institutions, private equity firms, restructuring advisors, and corporate clients. She will support HGV's delivery of valuation and asset advisory services in complex situations involving liquidity needs, restructurings, and asset monetization.

DiBenedetto brings a background in business development and client engagement within the financial, professional services, and corporate sectors. Her career spans both operating and advisory environments, including leadership roles within operating companies overseeing FP&A and treasury functions, as well as work in credit and asset-based lending. She has also worked with lenders, sponsors, attorneys, and corporate executives on engagements related to restructuring, special situations, and strategic asset monetization.

"Elise brings a strong combination of financial acumen, operating experience, and relationships," said Mike Goldstein, Executive Managing Director at Heritage Global Valuations. "She understands the urgency and complexity of the situations our clients face and has the ability to connect them with practical, value-maximizing solutions. We are excited to welcome her to the HGV team as we continue to expand our presence in key markets."

DiBenedetto added, "Heritage Global Valuations has established itself as a trusted partner to lenders, advisors, and companies navigating complex asset and capital decisions. I look forward to building meaningful relationships across the market and helping clients access the valuation insights and execution strategies needed to move quickly and confidently."

Her appointment reflects HGV's continued investment in senior business development talent and its focus on supporting clients in an increasingly dynamic and transaction-driven environment.

Heritage Global Valuations ("HGV") is a division of Heritage Global Inc. (NASDAQ:HGBL). HGV operates under the Industrial Assets business unit and specializes in the valuation of commercial & industrial assets including inventories and machinery & equipment ("M&E"). Valuations are developed based on a number of factors, including an extensive proprietary database containing information about past transactions, firsthand knowledge of the market, extensive analyses, and relationships with original equipment manufacturers ("OEMs") and dealers of industrial assets. Taking into account the economic and competitive environment of the industry in which the business operates, assuring an accurate and reliable appraisal which enables clients to make timely strategic decisions.

Heritage Global Inc. ("HG") values and monetizes industrial & financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. This aids in facilitating the circular economy by diverting useful industrial assets from landfills and operating an ethical supply chain by overseeing post-sale account activity of financial assets. Specialties consist of acting as an adviser, in addition to acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, real estate, and charged-off account receivable portfolios through its two business units: Industrial Assets and Financial Assets.

Forward-Looking Statements

This communication includes forward-looking statements based on our current expectations and projections about future events. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this communication are based on knowledge of the environment in which the Company currently operates and are subject to change based on various important factors, including variability in magnitude and timing of asset liquidation transactions, the impact of changes in the U.S. national and global economies, interest rate and foreign exchange rate sensitivity, as well as other factors beyond the Company's control. Unless required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. For more details on factors that could affect these expectations, please see our filings with the Securities and Exchange Commission.

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Mike Goldstein

Executive Managing Director

Heritage Global Valuations

561/208.1536

[email protected]



Investor Relations Contact:

John Nesbett/Jennifer Belodeau

IMS Investor Relations

203/972.9200

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