WASHINGTON--(BUSINESS WIRE)--Oct. 22, 2009--
Ranked by Forbes Magazine, Liquidity Services Inc. (LSI), is one of
America’s 200 Best Small Companies for the second consecutive year. As
the leading online marketplace for surplus goods, LSI ranks #88 on this
year’s list as a result of its strong performance over the past twelve
month and five year periods. LSI’s growth stems from the increased value
it delivers clients and buying customers through its transparent and
innovative online marketplaces and integrated services. LSI has helped
leading retailers, manufacturers and government agencies achieve higher
financial returns, improved cycle times and superior oversight in the
sale of large volumes of surplus assets. This year, LSI is also uniquely
featured as one of eight companies on this year’s list still led by
founding members.
“We are honored to again be recognized by Forbes Magazine for the
outstanding growth our team has achieved while serving a roster of
prestigious Fortune 500 clients and over 2,400 government agencies,”
said Bill Angrick, Chairman and CEO of LSI. “Our relentless focus on
improving the breadth and quality of service we provide our clients and
buyers has positioned us well for long term profitable growth and
continued market leadership. In our fiscal year 2009, we have enhanced
our business by investing in our infrastructure and marketplace
innovation, driving operational efficiencies and enhancing the quality
of our new business pipeline as commercial and government clients seek
more value in the reverse supply chain during these difficult economic
times. In addition, we have expanded the size of our buyer base to
nearly 1.2 million professional and end-user buyers resulting in the
most liquid and competitive marketplace for surplus assets in the
industry.”
Total sales, or Gross Merchandise Volume (GMV) across LSI’s
marketplaces, including www.liquidation.com,
www.govliquidation.com,
www.govdeals.com
and www.liquibiz.com,
have grown 304% over the past five fiscal years from $89 million in 2004
to $360 million in 2008. During the 12 months ended June 30, 2009, LSI
recorded GMV of $363.5 million, or approximately 14% growth versus the
prior year period. In addition, LSI has achieved 27 consecutive quarters
of profitability, has zero debt and over $61 million in cash as of June
30, 2009.
Forbes annual list of America's 200 Best Small Companies features
outfits that have annual revenue between $5 million and $750 million,
have been publicly traded for at least a year and have a stock price no
lower than $5. Rankings are based on earnings growth, sales growth and
return on equity in the past 12 months and over five years. Researchers
also compared the stock performance of each company with that of its
peers. Shares of last year's list members outpaced the Russell 2000
small-cap index by 10 percentage points.
About Liquidity Services, Inc. (LQDT)
Liquidity Services, Inc. (NASDAQ:LQDT) and its subsidiaries enable
corporations and government agencies to market and sell surplus assets
quickly and conveniently using online auction 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. (LSI)
Liquidity Services, Inc.
Julie Davis, 202-558-6234
julie.davis@liquidityservicesinc.com
