Washington, DC, July 11, 2005 — Liquidity Services, Inc. (LSI), a leading provider of comprehensive asset recovery services for businesses and the public sector, has been recognized by CMP Media’s VARBusiness Magazine as one of North America’s top solution providers. LSI ranked #259 on this year’s list, improving its position from the 2004 ranking of 293 with a more than 25% increase in annual revenue.
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.
“We are honored to be recognized by VARBusiness as one of the top solution providers in North America,” said Bill Angrick, Chairman and CEO of LSI. “This accolade highlights our continued growth and success in effectively remarketing surplus assets and wholesale merchandise for high volume sellers through our online auction marketplaces Liquidation.com. GovLiquidation.com, goWholesale.com and UKsurplus.com.”
To complete the 2005 ranking of the 500 largest North American solution providers, VARBusiness partnered with research firm Answers Research to help collect and analyze the data. Finalists were ranked according to their fiscal year 2004 revenue, based only on their reseller-related services business.
About VARBusiness 500
VARBusiness 500 is VARBusiness magazine’s annual ranking of the top 500 business and technology integrators, including solution providers, resellers and IT consultants in North America. VARBusiness(R) Magazine is the leading publication covering strategy and technology trends for the Architects of the Digital Economy. The VARBusiness 500(R) was established to recognize outstanding achievement in the Solution Provider community.
About Liquidity Services, Inc.
Liquidity Services, Inc. and its subsidiaries enable government agencies, businesses and financial institutions to market and sell surplus assets and wholesale goods quickly and conveniently using innovative online auction marketplaces, business-to-business product sales and marketing expertise, and value-added logistics and fulfillment services. The privately held company is based in Washington, D.C. and employs 285 people. Additional information can be found at: www.liquidityservicesinc.com.