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, 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.