WASHINGTON--(BUSINESS WIRE)--Jul. 21, 2015--
Liquidity Services, Inc. (NASDAQ: LQDT), a global solution provider in
the reverse supply chain with the world’s largest marketplace for
business surplus, today announced that the Defense Logistics Agency
(DLA) has determined it is in the best interest of the Government to
extend the remaining three 30-day option periods under its Surplus sales
contract (Surplus Contract) for the disposition of usable surplus
property from the U.S. Department of Defense. Through this unilateral
contract amendment, the current Surplus Contract’s performance period
has been extended through November 14, 2015. During this period, the
U.S. Department of Defense (DoD) will continue to use Liquidity Services
as the primary sales channel for the disposition of surplus property.
Under the terms of the Surplus Contract extension, Liquidity Services
manages the receipt, storage, marketing, and disposition of all usable
non-rolling stock surplus personal property generated by DoD
installations throughout the United States and its territories. All
other terms, including pricing, remain consistent with the prior Surplus
Contract. Assets are offered for sale through Liquidity Services' online
auction marketplace, www.GovLiquidation.com,
to a global buyer base.
About Liquidity Services
Liquidity Services is a global solution provider in the reverse supply
chain with the world’s largest marketplace for business surplus. We
partner with global Fortune 1000 corporations, middle market companies,
and government agencies to intelligently transform surplus assets and
inventory from a burden into a liquid opportunity that fuels the
achievement of strategic goals. Our superior service, unmatched scale,
and ability to deliver results enable us to forge trusted, long-term
relationships with over 7,000 clients worldwide. With approximately $1
billion in annual sales proceeds, and nearly 3 million buyers in almost
200 countries and territories, we are the proven leader in delivering
smart surplus solutions. Let us build a better future for your surplus.
Visit us at LiquidityServices.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150721006492/en/
Source: Liquidity Services, Inc.
Liquidity Services, Inc.
Investor Contact
Julie Davis
Senior
Director, Investor Relations
202-558-6234
julie.davis@liquidityservices.com
