Sales and Earnings Growth Land Liquidity Services on List of Top
Performing Small Cap Public Companies for Third Consecutive Year
WASHINGTON, Nov 09, 2010 (BUSINESS WIRE) —
Liquidity Services, Inc. (NASDAQ:LQDT) today announced that the company
has been named to Forbes List of Best Small Companies in America for the
third consecutive year. The company, which operates online marketplaces
and provides integrated services to help business and government clients
sell surplus assets ranging from retail consumer goods to capital assets
in the energy and manufacturing sectors, has achieved compound annual
growth rates of 33% in marketplace gross merchandise volume (GMV) and
38% in adjusted EBITDA from 2002 through 2009.
“We are honored to again be recognized by Forbes Magazine for the
outstanding growth our team has achieved which is a testament to the
innovation and superior value we deliver to our roster of Fortune 500
clients, over 3,200 government agencies and nearly 1.5 million
registered buyers,” said Bill Angrick, Chairman and Chief Executive
Officer. “Our success serving the world’s largest retailers and
government agencies is due to our relentless focus on using technology
and value added services to make the asset recovery process more
transparent, efficient and valuable to all parties. In addition, we have
expanded the activity in our marketplace to nearly 2.3 million annual
auction participants, including professional and end-user buyers,
resulting in the most liquid and competitive marketplace for surplus
assets in the industry.”
Liquidity Services was ranked #79 in the 2010 list, up from #88 in
Forbes 2009 list of the 200 Best Small Companies in America.
Forbes 2010 list of the 100 Best Small Companies in America recognizes
remarkable sales and earnings growth among public companies with annual
revenue between $5 million and $1 billion and a stock price no lower
than $5.00 per share (excluding financial institutions, REITs, utilities
and limited partnerships). Rankings are based on sales growth, earnings
growth and return on equity in the last 12 months and over the past five
years, and on the company’s stock performance relative to its peers.
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, a member of the S&P SmallCap 600
Index, operates multiple global e-commerce marketplaces for surplus and
salvage assets across the retail (Liquidation.com, UK-Liquidation.com) ,
government (GovLiquidation.com, GovDeals.com) and capital assets
(NetworkIntl.com, Liquibiz.com) sectors. Liquidity Services is based in
Washington, D.C. and has approximately 700 employees. Additional
information can be found at: www.liquidityservicesinc.com.
SOURCE: Liquidity Services, Inc.
Liquidity Services, Inc.
Ben Hanna, 202 558-6232