WASHINGTON–(BUSINESS WIRE)–Jul. 30, 2012–
Liquidity Services, Inc. (NASDAQ: LQDT) is pleased to announce that its
Government Liquidation marketplace (www.govliquidation.com)
has been selected to receive the U.S. Defense Logistics Agency (DLA)
Vendor Excellence Award for Large Business. The award is in recognition
of Liquidity Services’ continued performance and demonstrated overall
excellence in managing the U.S. Department of Defense’s (DOD) surplus
and scrap sales activities with superior product quality, customer
service, reliability, dependability, consistency and accuracy.
Liquidity Services and its leadership team will be presented with the
prestigious Vendor Excellence Award at this year’s Business Alliance
Awards ceremony at Fort Belvoir, Virginia on October 23, 2012. This is
the fourth award Liquidity Services has received from the DLA on behalf
of its Government Liquidation marketplace.
Over the past decade, Liquidity Services has sold close to two billion
pounds of scrap metal and over 55 million DOD surplus items through its
generating over half a billion dollars back to the U.S. Treasury and
consistently exceeding historic expectations. Top priority remains on
maximizing efficiency while adhering to safety, environmental and
“We are part of a critical government mission to keep surplus and idle
inventories moving out of facilities nationwide in a secure and
efficient manner and are honored that the DLA has recognized our team as
a superior and dependable vendor,” said Tom Burton, President of
Liquidity Services’ Government Liquidation business. “We receive 10,000
surplus items per week and 20-30 million pounds of scrap metal per month
at military installations across the country, all of which are
identified, processed and prepared for auction. This award is a direct
reflection of the hard work and outperformance of our staff and its
unyielding commitment to maximizing efficiency and recovery value for
our government partner while protecting our nation’s security and
maintaining 100 percent compliance with each sale.”
The October 23 ceremony will recognize industry partners, customers and
individuals who have demonstrated excellence in categories including,
but not limited to, vendor excellence, innovative business performer of
the year, new DLA contractor of the year, outstanding readiness support,
customer of the year, recognized cost saver and commander’s choice award.
About U.S. Defense Logistics Agency
As a U.S. Department of Defense combat support agency, DLA provides the
Army, Navy, Air Force, Marine Corps, other federal agencies, and joint
and allied forces with a variety of logistics, acquisition and technical
services. The agency sources and provides nearly 100 percent of the
consumable items America’s military forces need to operate, from food,
fuel and energy, to uniforms, medical supplies, and construction and
barrier equipment. DLA also supplies more than 80 percent of the
military’s spare parts.
Headquartered at Fort Belvoir, Va., DLA has about 27,000 employees
worldwide and supports about 1,900 weapon systems. For more information
about DLA, go to http://www.dla.mil,
About Government Liquidation
Government Liquidation (http://www.govliquidation.com),
a Liquidity Services, Inc. (NASDAQ: LQDT) marketplace, is a contractor
of the DLA Disposition Services for the sale of surplus and scrap assets
of the United States Department of Defense. Government Liquidation
operates an innovative and powerful online sales channel that enables
surplus and scrap buyers to purchase available government assets in a
secure, convenient and open environment in over 500 commodity
categories. For more information, visit http://www.govliquidation.com.
Source: Liquidity Services, Inc.
Liquidity Services, Inc.
Julie Davis, 202-558-6234
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