WASHINGTON–(BUSINESS WIRE)–Jun. 6, 2013–
Liquidity Services, Inc. (NASDAQ: LQDT), the leading online marketplace
for surplus goods, has been included on Forbes’ 2013 list of “America’s
Fastest Growing Tech Companies” alongside other leading tech companies
based on historical and expected revenue and earnings performance
“We are leading the way in the $150 billion reverse supply chain market
as a partner to the world’s top retailers, manufacturers, and government
agencies who leverage our global online marketplaces, data, and services
to protect their brands and drive innovation in their supply chains,”
said Bill Angrick, Chairman and CEO of Liquidity Services. “We are
committed to investing in the expansion of our asset management and
marketplace solutions to serve the needs of our clients. We appreciate
this recognition of Liquidity Services by Forbes as one of the fastest
growing tech companies in the U.S.”
In its 11th year, Forbes’ list of 25 fast growing tech companies was
based on its review of more than 2,100 publicly traded tech firms,
selecting only profitable firms with a minimum revenue of $150 million
and a market cap of at least $500 million to compile their list. Other
variables included sales growth of at least 10% for each of the past
three fiscal years and over the last 12 months and estimated earnings
growth above 10% over the next three to five years. The list was then
ranked by three-year average sales growth rate.
About Liquidity Services, Inc.
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 $3.6 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
approximately 1,300 employees. Additional information can be found at: http://www.liquidityservicesinc.com.
Source: Liquidity Services, Inc.
Liquidity Services, Inc.
Sultana F. Ali, APR