Company Ranks for Fourth Year in a Row Among North America’s Top
WASHINGTON–(BUSINESS WIRE)–June 13, 2007–Liquidity Services,
Inc. (NASDAQ:LQDT), a leading online auction marketplace for
wholesale, surplus and salvage assets, has been recognized for the
fourth year in a row by CMP Channel Group’s VARBusiness magazine as
one of North America’s top solution providers. LSI ranked #179 on this
year’s 13th Annual VARBusiness 500 ranking, improving its position
from the 2006 ranking of #225. LSI also ranked #34 on the top 50 list
of Fastest Growers with a 65% increase in annual revenue.
“LSI’s overall strategic objective is to develop the largest and
most efficient online marketplace for merchandise moving through the
reverse supply chain,” said Bill Angrick, Chairman and CEO of LSI. “As
we continue to scale our business, we are able to deliver increasing
value to both sellers and buyers in our online auction marketplaces.
This accolade recognizes our continued growth and success in
delivering high customer value and the increasing acceptance of our
e-commerce platform as an industry best practice by large
LSI resells surplus assets through innovative online auction
marketplaces to maximize the recovery value of surplus assets and
wholesale goods for corporations and government agencies. The
Company’s online auction marketplaces include: www.liquidation.com,
www.govliquidation.com and www.uksurplus.com. LSI also operates a
wholesale industry portal, www.gowholesale.com, which connects
advertisers with buyers seeking wholesale goods and related business
The VARBusiness 500 is the definitive listing of the biggest IT
solution providers, integrators and services companies in North
America by gross worldwide revenue. This year’s rankings were
determined by 2006 fiscal year gross revenue generated by the sale of
IT goods (software and hardware), software licensing, custom software
sales, professional services and managed services. The CMP Channel
Group, led by senior research director Monty Cornell, and Answers
Research assisted in the data analysis.
For 20 years VARBusiness has been building momentum in the
Solution Provider community. VARBusiness is best described as “thought
leadership.” It’s the Solution Provider’s leading source of practical
channel and market research, business guidance, and strategic reports
on channel trends that help them run their companies better.
Additional information about VARBusiness products, events and
services, is available at its Web site, www.varbusiness.com.
About Liquidity Services, Inc. (LQDT)
Liquidity Services, Inc. (NASDAQ:LQDT) and its subsidiaries enable
corporations and government agencies to market and sell surplus assets
and wholesale goods quickly and conveniently using online auction
marketplaces and value-added services. The company is based in
Washington, D.C. and has 500 employees. Additional information can be
found at: www.liquidityservicesinc.com.
CONTACT: Liquidity Services, Inc., Washington
Julie Davis, 202-558-6234
SOURCE: Liquidity Services, Inc.