Press Releases
Aug 19

Liquidity Services, Inc. Announces Appointment of Mike Lutz as Vice President, Human Resources

Lutz brings global experience crafting human resources solutions to
align with and drive corporate goals

WASHINGTON–(BUSINESS WIRE)–Apr. 4, 2012–
Liquidity Services, Inc. (NASDAQ: LQDT), which provides leading
corporations, public sector agencies and buying customers the world’s
most transparent, innovative and effective online marketplaces and
integrated services for surplus assets, is pleased to announce the
appointment of Mike Lutz as Vice President, Human Resources. Mr. Lutz
will serve as a member of the executive leadership team and will report
to Bill Angrick, Chairman and CEO of Liquidity Services.

Mr. Lutz will be responsible for leading the Company’s global Human
Resources function and partnering with executive leadership to drive HR
strategy, leadership development, recruitment, compensation planning and
analysis, and integration of HR best practices across the existing
enterprise and newly acquired companies.

Mr. Lutz brings to Liquidity Services over 30 years of experience as a
coach, mentor and HR professional in mid-size to large publicly traded
and private equity backed, multinational corporations across technology,
manufacturing, consumer goods and service industries. He has worked
extensively in Asia and Europe as well as the U.S. to support numerous
leadership development, acquisition and divesture projects from both an
HR and operational perspective. Mr. Lutz has led the HR function and
strategies for corporations including: Avaya, AT&T/Lucent Technologies,
Coach Leatherware, Corning Incorporated, D&M Holdings, and Kulicke &
Soffa Industries.

“We are very pleased to welcome Mike to Liquidity Services and our
executive management team,” said Mr. Angrick. “As a market leading
growth company, our most pressing needs are to continue to acquire and
develop our talent to maintain pace with our growth and ensure we are
leveraging our collective expertise to solve the needs of our clients
and the markets we serve. Mike’s extensive experience in deploying
effective HR strategies within large, multi-national corporations
combined with additional operational experience in technology and
service businesses make him particularly well suited to serving as a
true business partner in Liquidity Services’ fast-paced, client focused
environment.”

“I am excited to join Liquidity Services and a talented team that has
created a strong foundation providing both exceptional customer value
and significant opportunities for growth,” said Mr. Lutz. “I look
forward to working with the entire team to support Liquidity Services’
profitable growth by ensuring we have a world-class competitive
workforce.”

Mr. Lutz holds an M.S. in Industrial Relations and B.A. in History from
Rutgers University.

About Liquidity Services, Inc.

Liquidity Services, Inc. (NASDAQ: LQDT) provides leading corporations,
public sector agencies and buying customers the world’s most
transparent, innovative and effective online marketplaces and integrated
services for surplus assets. On behalf of its clients, Liquidity
Services has completed the sale of over $2.6 billion of surplus,
returned and end-of-life assets, in over 500 product categories,
including consumer goods, capital assets and industrial equipment. The
company is based in Washington, D.C. and has over 700 employees.
Additional information can be found at: http://www.liquidityservicesinc.com.

Source: Liquidity Services, Inc.

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