Press Releases
Aug 16

Liquidity Services, Inc. Announces Appointment of Cayce Roy As President of its Asset Recovery Division

Roy Brings Extensive E-Commerce and Retail Supply Chain Expertise
to LSI

WASHINGTON–(BUSINESS WIRE)–Sept. 5, 2008–Liquidity Services,
Inc. (NASDAQ:LQDT), a leading online auction marketplace for wholesale
surplus and salvage assets, is pleased to announce the appointment of
Cayce Roy to its executive management team as Executive Vice President
and President of its Asset Recovery Division. Mr. Roy will be
responsible for scaling the current leadership position of LSI’s
commercial asset recovery business to drive its market expansion and
capitalize on the substantial growth opportunities within the $60
billion reverse supply chain market.

Mr. Roy brings to LSI over 20 years of experience managing
sophisticated and high performance e-commerce, business-to-business
services and logistics organizations. From 2000 to 2007 Mr. Roy led
some of the fastest growing and largest business units within
Amazon.com, Inc. that were responsible for driving Amazon’s rapid
growth into the world’s largest online retailer. Most recently, Mr.
Roy served as Vice President and General Manager of Amazon Services,
LLC, focused on providing e-commerce, marketplace, fulfillment, and
technology solutions to Fortune 1000 and small business customers.
During his tenure, the group became one of Amazon’s largest and
fastest growing units by serving large traditional and online
retailers and small and mid-size merchants. Prior to this, Mr. Roy led
Amazon’s North American fulfillment operations through a critical
period of growth and development, delivering significant innovations
that enabled it to achieve the highest quality service levels at far
greater efficiencies and scale. In this role, Cayce was responsible
for all aspects of Amazon’s fulfillment operations spanning 20
facilities, up to 10,000 employees at peak operation and over ten
million units shipped annually. During most of the 1990’s Mr. Roy
served with TNT Post Group in Europe overseeing global field
operations and business process improvement for TNT’s Express
Division, a global leader in distribution, logistics and parcel
delivery, with over $3 billion in revenue and over 1000 depots in 200
countries.

“Cayce is a fine addition to our management team and brings a
tremendous amount of knowledge, experience and leadership that will be
invaluable to supporting LSI’s future growth. Throughout his career,
he has achieved impressive results by fostering a culture of
operational excellence, team building and continuous improvement for
the customer, making him an ideal addition to our executive management
team,” stated Bill Angrick, Chairman and CEO of LSI. “His proven
ability to deliver innovative solutions and achieve sustainable growth
will help drive the expansion of our Asset Recovery Division and
online auction marketplace, www.liquidation.com.”

“I am excited to join LSI and a team that has built a strong
foundation and is poised to scale the business to meet the growing
needs of our customers and to attain the truly remarkable opportunity
for growth and positive impact on a large and relatively untouched
element of the global supply chain.” stated Mr. Roy. “Many of the
opportunities remind me of when I joined Amazon in early 2000 and I
look forward to building something remarkable for our customers,
investors, and team members.”

Mr. Roy earned a Bachelor of Science degree in Industrial
Engineering from Lehigh University and has completed the financial
management executive education program at Stanford University’s
Graduate School of Business.

About Liquidity Services, Inc. (LQDT)

Liquidity Services, Inc. (NASDAQ:LQDT) and its subsidiaries enable
corporations and government agencies to market and sell surplus assets
and wholesale goods quickly and conveniently using online auction
marketplaces and value-added services. The company is based in
Washington, D.C. and has 685 employees. Additional information can be
found at: www.liquidityservicesinc.com.

CONTACT: Liquidity Services, Inc.
Julie Davis, 202-558-6234
[email protected]

SOURCE: Liquidity Services, Inc.