Strong Sales and Earnings Growth Earns Fourth Consecutive Placement on List of Best Small Cap Public Companies
WASHINGTON, Nov 08, 2011 (BUSINESS WIRE) — Liquidity Services, Inc. (NASDAQ:LQDT) today announced that the company has been named to Forbes List of 100 Best Small Companies in America for the fourth consecutive year. The company, which provides leading corporations, public sector agencies and buying customers the world’s most transparent, innovative and effective online marketplaces and integrated services for surplus assets, has achieved compound annual growth rates of 32% in marketplace gross merchandise volume (GMV) and 40% in adjusted EBITDA from 2002 through 2010.
“We are honored by the continued recognition of Forbes Magazine for the outstanding growth that our team has achieved as we continue to drive superior value, transparency and convenience for our Fortune 1000 and government clients and millions of buying customers,” said Bill Angrick, Chairman and CEO of Liquidity Services. “Our family of e-commerce marketplaces, a large and growing network of buyers and integrated services are ideally suited to solving the needs of corporate and government clients for a wide range of surplus assets including consumer goods, capital assets and transportation equipment. As we continue to invest in our business, we will have further positive impact on our clients’ financial and environmental sustainability initiatives as well as deliver value for our shareholders.”
Forbes 2011 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 a share (excluding financial institutions, REITs, utilities and limited partnerships). Rankings are based on earnings growth, sales growth and return on equity in the past 12 months and over five years and on the company’s stock performance relative to its peer group.
About Liquidity Services, Inc. (LQDT)
Liquidity Services, Inc. (NASDAQ: LQDT) provides leading corporations, public sector agencies and buying customers the world’s most transparent, innovative and effective online marketplaces and integrated services for surplus assets. On behalf of its clients, Liquidity Services has completed the sale of over $2.2 billion of surplus, returned and end-of-life assets, in over 500 product categories, including consumer goods, capital assets and industrial equipment. The company is based in Washington, D.C. and has over 700 employees. Additional information can be found at: http://www.liquidityservicesinc.com.
SOURCE: Liquidity Services, Inc.
Media and Investor Contact:
Liquidity Services, Inc.
Julie Davis, 202-558-6234