|[December 23, 2013]
Liquidity Services Moves Up Washington Post 200
WASHINGTON --(Business Wire)--
Liquidity Services (News - Alert), Inc. (NASDAQ: LQDT), a global provider of surplus
asset management services and leading online marketplaces for surplus
goods, has been recognized as part of the Washington Post's annual Post
200, an annual ranking of the firms and organizations that "power the
local economy." Liquidity Services is ranked #49 by revenue on this
prestigious 2013 list, moving up from its #59 ranking in 2012.
"We made important investments this past year to expand our industry
coverage, breadth of services, and geographic reach, to enable smarter
supply chain and sustainability programs for the world's top
organizations while providing small businesses and end users with access
to high quality, surplus assets through our growing online marketplace,"
said Bill Angrick (News - Alert), Chairman and CEO of Liquidity Services. "As we set
the pace for innovation in our industry, it's an honor to receive this
acknowledgement from the Washington Post whichis reflective of the
efforts by our global team."
A record 530,000+ transactions for surplus assets and inventory were
transacted through Liquidity Services in fiscal year 2013, resulting in
record revenue of $505.9 million and record Gross Merchandise Volume
(GMV (News - Alert)) of $973.3 million.
The Washington Post collected information from companies; law and lobby
firms; banks and credit unions; and nonprofit organizations based in or
with major operations in the District, Virginia and Maryland to
determine which firms should qualify. Only companies that reported at
least $150 million in 2012 revenue were included in the Post 200. The
2013 Post 200 List has also ranked companies by Net Income (Liquidity
Services #35), Stockholder Equity (Liquidity Services #45), Assets
(Liquidity Services #59), and Dividends (Liquidity Services #68).
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 $4.3 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 more than
1,300 employees. Additional information can be found at http://www.liquidityservices.com.
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