Mark Argento

David Marsh

Logan W Lillehaug

Robert Maltbie

Chad Stauffer

George Sutton

Gregory Fortenot

- **Heritage Global Inc. (HGBL)**, with an approximate **$80 million market cap**, consistently generates **$1 million to $2 million in quarterly profit** from its industrial and financial divisions.  **[0000849145_2193930_0]** 
- The company is pursuing M&A to increase quarterly profits to **$3 million to $5 million**, having **$30 million available** for acquisitions and planning to spend up to **$20 million** on deals.  **[0000849145_2193930_1]** **[0000849145_2193930_5]** 
- HGBL maintains a strong financial position with **zero debt**, a **$10 million credit line**, and **several million dollars allocated** for stock repurchases.  **[0000849145_2193930_3]** **[0000849145_2193930_4]** 
- Significant growth is anticipated in the financial division due to a **$1 trillion increase in credit card debt** and expected non-performing loan liquidations from regional banks and commercial real estate.  **[0000849145_2193930_2]** **[0000849145_2193930_3]** **[0000849145_2193930_5]** 
- The industrial division foresees a future record year driven by companies selling surplus assets and older equipment, alongside growth from M&A activities.  **[0000849145_2193930_0]** **[0000849145_2193930_1]**

HGBL Discusses Growth Strategy, M&A Plans, and Market Opportunities

- Heritage Global (HGBL) consistently generates **$1 million to $2 million in profit per quarter** but aims to grow to **$3 million to $5 million per quarter** or **$14 million annually** from its current **$7 million annually**.  **[0000849145_2193948_0]** **[0000849145_2193948_1]** **[0000849145_2193948_3]** 
- The company plans to achieve this growth primarily through **mergers and acquisitions (M&A)**, having **$30 million available** for this purpose, with a strategy to spend no more than **$20 million** to maintain a **$10 million cash reserve**.  **[0000849145_2193948_1]** **[0000849145_2193948_6]** 
- Significant growth is anticipated in its Industrial division due to a buildup of surplus assets from companies right-sizing and moving to lean manufacturing, and in its Financial division (NLEX) from a **trillion dollars in credit card debt**, record regional bank charge-offs, and opportunities in Fintech and "buy now pay later" non-performing loans.  **[0000849145_2193948_0]** **[0000849145_2193948_2]** 
- HGBL currently operates with **zero debt**, has a **$10 million credit line**, and maintains a **stock buyback program** with several million dollars set aside.  **[0000849145_2193948_3]** **[0000849145_2193948_4]**