WASHINGTON–(BUSINESS WIRE)–June 18, 2008–As the final step in
the competitive bid process, Liquidity Services, Inc. (LSI) today
submitted its bid for the Surplus Usable Property Sales Contract with
the U.S. Department of Defense (DoD) and the Defense Reutilization and
Marketing Service (DRMS). During the Bid Opening ceremony at 1:00 pm
EDT today, it was revealed that LSI is the winning bidder for the
Final award of the contract is subject to selected administrative
requirements, including a Trade Security Control clearance. A final
contract award is also subject to protest from other bidders who
either did not meet the technical requirements or did not submit the
winning bid. Additional details on the process can be found at
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 670 employees. Additional information can be
found at: www.liquidityservicesinc.com.
CONTACT: Liquidity Services, Inc.
Corporate Communications Director
SOURCE: Liquidity Services, Inc.