City of Baltimore Auctions Historic Fireboat through GovDeals Online Auction Marketplace

WASHINGTON, Nov 05, 2008 (BUSINESS WIRE) -- Liquidity Services, Inc.:

WHO:                 GovDeals, a leading online auction marketplace for the sale of
                          government surplus and confiscated items, has hundreds of items
                          open for sale on its virtual online auction block from over 2,000
                          state and local government agencies.

WHAT:                     After 47 years of service, the Baltimore Fire Department is putting
                          the Fireboat "Mayor J. Harold Grady" on the auction block. The Grady
                          was decommissioned in November 2007 and is now serving a new role
                          for the city as proceeds of this, and other sales on behalf of
                          Baltimore City, will be returned to the Baltimore City General Fund,
                          ultimately increasing revenues and saving taxpayer money. The Grady
                          has already generated bidding up to $25,000.
                          The 85 foot, 6,000 g.p.m vessel, built by Jakobson Shipyard, Inc. in
                          1960, is a round bottom, displacement vessel built of welded steel.
                          She is powered by a single Fairbanks Morse 10-cylinder diesel engine
                          with single propeller shaft, controllable-pitch propeller and
                          rudder. The main engine is also used to power two fire pumps with a
                          total pumping capacity of 6000 GPM at 150 psi.
                          More information, a historical overview of the Grady's life, and a
                          photo documentary can be viewed at 
                          http://www.govdeals.com/attachments/1691_63_1.pdf

WHEN:                     Auction currently open for bidding and closes on Tuesday, November
                          18, 2008 at 7:00 pm ET.
						   
WHERE:                   GovDeals' online auction marketplace
                         http://www.govdeals.com/eas/itmDisplay.cfm?itemID=63&acctID=1691
		
WHY:                     The sale of this fireboat is a unique investment opportunity for
                         marine fire departments, volunteer fire departments, marine buyers,
                         buyers of historical marine equipment, and other collectors.
                         GovDeals (www.govdeals.com)
                         offers buyers great deals on used boating, emergency and marine
                         equipment as well as other government surplus ranging from
                         vehicles and heavy machinery to laboratory equipment, office
                         equipment, communications equipment and much more. By leveraging
                         the power of the Internet, GovDeals provides buyers the
                         opportunity to find and buy government surplus in one easy to use,
                         central location. All auctions are conducted through the online
                         auction marketplace, www.govdeals.com.

About GovDeals and Liquidity Services, Inc.

GovDeals, Inc. is a subsidiary of Liquidity Services, Inc. (NASDAQ:LQDT). LSI 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 headquartered in Washington, D.C. and has 685 employees. Additional information can be found at www.liquidityservicesinc.com and www.govdeals.com.

SOURCE: Liquidity Services, Inc.

Liquidity Services, Inc.
Julie Davis
202-558-6234
julie.davis@liquidityservicesinc.com