Press Releases
Dec 01

GovDeals.com Celebrates its One-Millionth Auction Transaction

Liquidity Services Marketplace Recovers More Than $1 Billion for
8,500 Local and State Government Clients in the U.S. and Canada

MONTGOMERY, Ala.–(BUSINESS WIRE)–Mar. 8, 2016–
GovDeals.com, a Liquidity Services (NASDAQ: LQDT) marketplace for the
sale of local and state government surplus assets, is pleased to
announce today that it has recently achieved a major company milestone.
On February 19, 2016, the Western Suffolk Board of Cooperative
Educational Services (BOCES) in New York auctioned off a KitchenAid
Professional 600™ Series 6-Quart Bowl-Lift Stand Mixer, which became the
one-millionth item sold on GovDeals.com
since its launch in January 2001. Thirteen bidders competed for the
mixer during a week-long sale, which closed with a winning bid of $48.

This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20160308006421/en/

“Reaching a million transactions is a significant milestone for our team
in the history of GovDeals,” said Roger Gravley, president of GovDeals,
Inc. “We launched GovDeals.com 15 years ago with only four active
clients. Since then, we have grown exponentially and now represent more
than 8,500 state and local government entities in the U.S. and Canada
and have attracted an enormous global buyer base to drive competition
for offered assets. To date, we have recovered more than $1 billion for
our clients – this is a huge win for them and their constituents as
every dollar recovered is reinvested back into the community.”

Since its launch, GovDeals has sold more than $649 million in vehicles,
including sedans, SUVs, heavy and light duty trucks; $128 million in
heavy equipment, such as tractors, back loaders and excavators; $31
million in fire trucks; and, $27 million in aircraft and aviation
equipment. It has also hosted auctions for a number of unique or
collectors’ items such as a set of three limited-edition, signed
lithographs and letters from the film Alien, which sold for
$432.60 in May 2014; a lot of plastic meat, which sold for $234 in April
2015; 584 mature crepe myrtles, southern magnolias and windmill palm
trees, which sold in seven lots for a total of $7,000 in February 2011;
2,000 live tilapia fish, which sold in September 2010 for $806.23; and,
a two-story floating entertainment barge, which sold for $33,500 in
February 2005.

“The key to our success has been our hardworking, devoted team,” said
Gravley. “Their expertise in the government surplus market has been
critical to shaping and fine-tuning our marketing and sales strategies,
which have resulted in a simple, seamless experience for both our buyers
and our sellers. This synergy is what has fueled GovDeals’ growth and
created great commerce.”

To place bids on items for sale on GovDeals.com, or to participate in
any auction on a Liquidity Services marketplace, visit Govdeals.com/Register.

About GovDeals

GovDeals, Inc., a subsidiary of Liquidity Services, provides an
innovative solution for government agencies to turn idle assets into
surplus capital through our online marketplace and reverse supply chain
services. Over 8,500 agencies successfully utilize GovDeals in the U.S.
and Canada, collectively selling over $1 billion in surplus assets. We
enable each government agency to maximize the value of their surplus
assets, including vehicles, heavy construction equipment, fire and
emergency fleets, aircraft and aviation equipment, and industrial
machinery and equipment, while implementing sustainable surplus
initiatives that have allowed our clients to move to a zero-waste model.
For more information, visit GovDeals.com.

About Liquidity Services, Inc.

Liquidity Services (NASDAQ: LQDT) 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 8,000 clients worldwide. With nearly
$6 billion in completed transactions, and approximately 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.

Source: Liquidity Services

GovDeals
Molly Nations, 334-312-3861
[email protected]