WASHINGTON–(BUSINESS WIRE)–June 27, 2006–Liquidity Services,
Inc. (NASDAQ:LQDT), a leading online auction marketplace for
wholesale, surplus and salvage assets, has been recognized for the
third year in a row by CMP Media’s VARBusiness magazine as one of
North America’s top solution providers. LSI ranked #225 on this year’s
12th Annual VARBusiness 500 ranking, improving its position from the
2005 ranking of #259 with a 28% increase in annual revenue.
“Year after year, we strive to strengthen the performance of our
business,” said Bill Angrick, Chairman and CEO of LSI. “This accolade
recognizes our continued growth and success in effectively remarketing
surplus assets and wholesale merchandise for high volume sellers. We
are honored by the continued recognition of VARBusiness.”
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
To complete the 2006 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 2006 revenue, based only on their
reseller-related services business.
About VARBusiness 500
For the past 19 years, VARBusiness’ strategic resources have been
the gateway to the Solution Provider community. VARBusiness provides
strategic insight for technology integrators through industry-defining
research, in-depth editorial, channel events and innovative Web
services, enabling these IT professionals to make educated decisions
for their businesses, partnerships and customers. VARBusiness has been
the recipient of numerous industry awards for both editorial content
and design. 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 350 employees. Additional information can be
found at: www.liquidityservicesinc.com.
CONTACT: Liquidity Services, Inc.
Julie Davis, 202-467-6868 ext 234
SOURCE: Liquidity Services, Inc.