Leading Online Marketplace for Business and Government Surplus Assets
Quadruples GMV and EBITDA since 2006 IPO
WASHINGTON, Oct 01, 2010 (BUSINESS WIRE) —
Liquidity Services, Inc. (NASDAQ:LQDT) today announced that Standard &
Poor’s (S&P) has added the company to the S&P SmallCap 600 Index as of
the close of trading on September 30, 2010.
“We are proud that LSI has been added to the S&P SmallCap 600 Index.
This milestone recognizes our hard work and success in understanding and
serving the needs of our clients and buyers with a superior set of
solutions. We are very excited by the further potential to create value
for our customers and grow our business as the leading online
marketplace for surplus assets,” said Bill Angrick, Chairman and Chief
Executive Officer.
Introduced in 1994, the S&P SmallCap 600 Index includes publicly traded
companies with a market cap between $250 million and $1.2 billion which
meet specific Standard & Poor’s criteria to ensure they are investable
and financially viable. Liquidity Services has been added to the S&P
SmallCap 600 GICS (Global Industry Classification Standard) Internet
Software & Services Sub-Industry index.
About Liquidity Services, Inc. (LQDT)
Liquidity Services, Inc. (NASDAQ:LQDT) and its subsidiaries enable
retailers, industrial corporations and government agencies to market and
sell surplus assets quickly and conveniently using online marketplaces
and value-added services. The company is based in Washington, D.C. and
has approximately 700 employees. Additional information can be found at: www.liquidityservicesinc.com.
SOURCE: Liquidity Services, Inc.
Liquidity Services, Inc.
Ben Hanna
VP, Marketing Strategy & Communications
202-558-6232
[email protected]
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