Record GMV, EBITDA and EPS propel leading online auction marketplace to 33 consecutive quarters of profitability
WASHINGTON, Mar 21, 2011 (BUSINESS WIRE) — Liquidity Services, Inc. (NASDAQ: LQDT), a leading online auction marketplace for wholesale, surplus and salvage assets, announced today that NASDAQ OMX Group, Inc. has added the company to the NASDAQ Internet Index (NASDAQ: QNET), effective with today’s market open.
“We are proud that Liquidity Services is now included in the NASDAQ Internet Index along with the most innovative and successful internet-based companies in the U.S. The achievement of this milestone highlights the value of our e-commerce marketplaces, our large and growing network of buyers, and integrated services in solving the needs of corporate and government clients for a wide range of surplus assets,” said Bill Angrick, Chairman and CEO of Liquidity Services.
The NASDAQ Internet Index is a modified market capitalization-weighted index designed to track the performance of the largest and most liquid U.S.-listed companies engaged in internet-related businesses and that are listed on the NASDAQ Stock Market, the New York Stock Exchange (NYSE) or NYSE Amex. The Index includes companies engaged in a broad range of internet-related services including, but not limited to internet software, internet access providers, internet search engines, web hosting, website design, and internet retail commerce. On November 27, 2007, the NASDAQ Internet Index began with a base of 150.00.
About Liquidity Services, Inc. (LQDT)
Liquidity Services, Inc. (NASDAQ: LQDT) and its subsidiaries enable retailers, industrial corporations and government agencies to market and sell surplus assets quickly and conveniently using online marketplaces and value-added services. The company is based in Washington, D.C. and has approximately 700 employees. Additional information can be found at: http://www.liquidityservicesinc.com.
SOURCE: Liquidity Services, Inc.
Liquidity Services, Inc.
Corporate Communications Director