Scrap Sales Milestone Supports Zero Waste Initiatives for U.S.
Department of Defense, Municipal Government Agencies, and Corporate
Clients
WASHINGTON--(BUSINESS WIRE)--Oct. 10, 2012--
In support of its clients’ sustainability goals, Liquidity Services,
Inc. today announced that it has surpassed the two billion pound
milestone in the sale of scrap materials to the public. Liquidity
Services partners directly with the U.S. Defense Logistics Agency (DLA),
municipal government agencies, and Fortune 1000 corporations to sell
base materials and scrap metals including ferrous and non-ferrous
metals, nickel alloy, electronic scrap, rubber, paper, and in rare
occasions, even compost and recycled asphalt. Such sales enable clients
to achieve important sustainability goals, reduce costs, and generate
new revenue streams.
“Many of our clients, such as the DLA, Wal-Mart, and hundreds of other
Fortune 1000 organizations, are seriously committed to zero waste
initiatives which depend on the creation of global marketplaces for the
sale and reuse of a wide range of material and equipment. We are
delighted that our global buyer base and online marketplaces, such as www.GovLiquidation.com,
are contributing to these efforts and have enabled billions of pounds of
scrap materials to be reused, repurposed, and kept out of landfills,”
said Tom Burton, President of Liquidity Services’ Capital Assets Group.
“We are proud to be a recognized leader in identifying, processing, and
preparing 20 to 30 million pounds of scrap materials for sale each month
on behalf of our clients. Our top priority for each sale continues to be
maximizing efficiency and recovery value while adhering to safety,
environmental, and security compliance.”
The two billion pound milestone was achieved with the completed sale of
47.6 million pounds of recycled asphalt from roadways and runways at
Eielson Air Force Base in Fairbanks, AK. Other recent notable scrap
sales include: 27 million pounds of scrap metal from decommissioned
military aircraft; 1.4 million pounds of compost; a 747 jumbo jet sold
for its 120,000 pounds of aluminum, steel, and copper wiring; and the
USS Long Beach Navy cruiser, sold for its 7.35 million pounds of base
materials.
Liquidity Services currently manages surplus asset sales programs for
over 130 Fortune 1000 corporations and more than 4,700 government
agencies.
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 $3.0 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 over 1,100 employees.
Additional information can be found at: http://www.liquidityservicesinc.com.
Source: Liquidity Services, Inc.
Liquidity Services, Inc.
Sultana F. Ali, APR
202-467-5723 (o)
407-719-7060
(m)
Sultana.Ali@liquidityservicesinc.com
