01 October 2012

Counsel RB Capital and Heritage Global Partners Opening Offices in the UK, Germany and Spain

London & White Plains, N.Y. & Toronto - 01 October 2012 -Counsel RB Capital Inc., a leader in capital asset transactions, and its wholly owned subsidiary Heritage Global Partners, a global leader in asset advisory and auction services, today announced that they are opening three new European-based offices in the UK, Germany and Spain. In recent months Counsel RB and Heritage jointly launched a successful expansion into Latin America, including Mexico, and in 2011 Counsel RB opened a business development office in Canada. 

The initial launch includes three Company-owned and managed offices based in the UK, Germany and Spain, all led by seasoned industry veterans with expertise in the field of surplus capital asset valuations and dispositions on behalf of many European-based subsidiaries of global entities. Chris Matthews will be based in London and serve as Head of HGP European Field Operations. Ingo Weyand has been appointed Head of Sales for Germany and Miguel Garcia will serve as the Head of Sales for Spain. 

Counsel RB Capital Co-CEO Adam Reich stated, “Counsel RB, together with Heritage Global Partners, is focused on growing our organization by opportunistically expanding our worldwide footprint to create further value for our corporate clients, customers and investors. Our newly established local presence in the UK, Germany and Spain squarely highlights our focus to provide worldwide clients superior capital asset solutions, as well as our goals for continued near- and long-term growth in our principal and fee-based revenue channels. The formation of Heritage Global Partners Europe and the recent launch of Asset Remarketing - HGP Latin America, previously announced in July of this year, clearly demonstrates our commitment to executing upon our goals on a global scale.” 

Chris Matthews, who will also serve as interim manager of the UK-based Sales Office, brings over 22 years of relevant industry experience to his new position, including providing valuation and disposal advice on surplus capital assets to major lenders, leading financial institutions, liquidators and receivers. 

Head of Sales – Germany is Ingo Weyand, who has approximately 16 years of expertise with equipment disposition and auction, asset valuation and sales services. Mr. Weyand also worked as sales manager in various businesses focused on auction, wholesale and temporary employment services in the past. 

Miguel Garcia has been appointed Head of Sales – Spain. Mr. Garcia worked with the Dove Brothers at DoveBid, commencing in 2006, when he established their organization’s office in Barcelona, Spain and remained with the company through its merger with GoIndustry. Prior to joining DoveBid he worked in a sales and marketing capacity for several prominent industrial machinery dealers. Throughout his tenure in the surplus capital assets industry, 

Counsel RB Capital Inc. (OTCQB: CRBN) is a value-driven, innovative leader in monetizing surplus capital assets. The Company specializes in acquiring turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, accounts receivable portfolios and related intellectual property. Its subsidiary, Heritage Global Partners, Inc. is a global leader in auction, asset advisory and appraisal services. 

Source: Counsel RB Capital Inc.