Liquidity Services, Inc. Climbs the VARBusiness 500
Company Ranks for Fourth Year in a Row Among North America's Top Solution Providers
WASHINGTON--(BUSINESS WIRE)--June 13, 2007--Liquidity Services, Inc. (NASDAQ:LQDT), a leading online auction marketplace for wholesale, surplus and salvage assets, has been recognized for the fourth year in a row by CMP Channel Group's VARBusiness magazine as one of North America's top solution providers. LSI ranked #179 on this year's 13th Annual VARBusiness 500 ranking, improving its position from the 2006 ranking of #225. LSI also ranked #34 on the top 50 list of Fastest Growers with a 65% increase in annual revenue.
"LSI's overall strategic objective is to develop the largest and most efficient online marketplace for merchandise moving through the reverse supply chain," said Bill Angrick, Chairman and CEO of LSI. "As we continue to scale our business, we are able to deliver increasing value to both sellers and buyers in our online auction marketplaces. This accolade recognizes our continued growth and success in delivering high customer value and the increasing acceptance of our e-commerce platform as an industry best practice by large corporations."
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 services.
The VARBusiness 500 is the definitive listing of the biggest IT solution providers, integrators and services companies in North America by gross worldwide revenue. This year's rankings were determined by 2006 fiscal year gross revenue generated by the sale of IT goods (software and hardware), software licensing, custom software sales, professional services and managed services. The CMP Channel Group, led by senior research director Monty Cornell, and Answers Research assisted in the data analysis.
About VARBusiness
For 20 years VARBusiness has been building momentum in the Solution Provider community. VARBusiness is best described as "thought leadership." It's the Solution Provider's leading source of practical channel and market research, business guidance, and strategic reports on channel trends that help them run their companies better. 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 500 employees. Additional information can be found at: www.liquidityservicesinc.com.
CONTACT: Liquidity Services, Inc., Washington
Julie Davis, 202-558-6234
julie.davis@liquidityservicesinc.com
SOURCE: Liquidity Services, Inc.