$100 Million of Assets from Open Range Communications to Be Auctioned on January 11 & 12

Heritage Global Partners to conduct public auction of cell towers telecommunications equipment, IT equipment and furnishings from leading nationwide wireless broadband company

SAN DIEGO--(BUSINESS WIRE)--Heritage Global Partners and Counsel RB Capital Inc. will conduct a global webcast auction of surplus assets held by Open Range Communications, Inc, a previous provider of broadband wireless Internet and digital phone services across the United States. The auction will be held on Wednesday, January 11 and Thursday, January 12, from 10 am MST, through 5 pm MST via live global webcast at www.hgpauction.com and in person at the company’s headquarters in Greenwood Village, CO.

“We are pleased to represent Open Range, and leverage our global webcast platform and vast experience in selling assets around the world.”

The auction will feature large quantities of state-of-the-art networking, test equipment, IT equipment and office furnishings as well as more than 350 cell towers located throughout the United States.

“This auction is an opportunity for local or regional wireless telecom providers to purchase technologies and equipment to expand their services and better serve their customers,” said David Weiss, VP of Heritage Global Partners. “We are pleased to represent Open Range, and leverage our global webcast platform and vast experience in selling assets around the world.”

Open Range Communications, which filed for Chapter 11 bankruptcy on October 6, 2011, provided high-speed wireless Internet and digital phone access through WiMax technology. Open Range Communications served communities in more than 12 states and 150 markets.

Led by auction industry pioneers Ross and Kirk Dove, Heritage Global Partners, is one of the country’s leading asset advisory and auction services firms, which assists large and small companies with buying and selling of assets. Heritage Global Partners offers asset brokerage, asset inspection, asset valuations, industrial equipment and real estate auctions, as well as enterprise auctions combining tangible and intangible assets.

Open Range Communications is located at 6430 S Fiddlers Green Circle #500, Greenwood Village, Colorado, where the live auction will take place. For more information, please visit www.hgpauction.com.