Heritage Global Partners Appointed to Manage Global Private Treaty Sale of Maintenance Railway Locomotives

Bids for Railway Assets Being Accepted Immediately, With Sale Slated to End June 18, 2014

SAN DIEGO & BARCELONA, Spain - Monday, March 31st 2014 [ME NewsWire]

(BUSINESS WIRE) Heritage Global Partners (“HGP”), a global leader in asset advisory and auction services and a subsidiary of Heritage Global Inc. (OTCQB:HGBL), today announced that it has been retained to manage the upcoming sale of four maintenance railway locomotives, which are presently located in Spain. Bids are being accepted for these well maintained railway transportation assets. The Railway Locomotive Global Private Treaty Sale is scheduled to end June 18, 2014 at 10 am CET.

Additional details and specifications regarding the four COMSA Rail Transport & GMF maintenance railway locomotives are contained in three below links.

    Plasser & Theurer Dynamic Tamping Express (Type 09-3X; Track Gauge 1435; Manufactured in 2000)

    Matisa Continuous Advance Levelling and Lining Tamper (Type B50 DF; Track Gauge 1435; Manufactured in 1992)

    Electroputere Locomotives (Type ST 43/LDE-2100; Track Gauge 1435; Manufactured in 1977/1984)

“Heritage Global’s unique global private treaty sale features four maintenance locomotives that can be utilized by railway organizations around the world,” stated Heritage Global Partners, Head of Sales Spain, Miguel Garcia. “We expect the sale of these quality transportation assets to appeal to a very wide range of potential buyers.”

In the case of international buyers, Heritage Global Partners is pleased to offer our valued customers full-service shipping and logistics services. Our seasoned staff, including riggers and shipping agents, will assist purchasers by remaining on-site to ensure that all necessary paperwork, documents and shipping arrangements are handled in a smooth and efficient manner. HGP has conducted thousands of capital asset transactions and plant closures and is uniquely skilled in all nuances of the transition from seller to buyer.

Led by auction industry pioneers Ross and Kirk Dove, Heritage Global Partners is one of the leading worldwide asset advisory and auction services firms, assisting companies with buying and selling assets. HGP specializes in asset brokerage, inspection, and valuations, industrial equipment and real estate auctions, and much more. HGP is a subsidiary of Heritage Global Inc.

Contacts

Heritage Global Partners

Miguel Garcia, +34 622 230 290 (mobile)

mgarcia@hgpsubasta.com

via Skype: mgarciabcn



JCIR

Robert Rinderman or Jennifer Neuman, 212-835-8500

HGP@jcir.com







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