Press Releases
Aug 16

Liquidity Services, Inc. Announces New Chief Information Officer, Eric C. Dean

WASHINGTON–(BUSINESS WIRE)–Oct. 17, 2007–Liquidity Services,
Inc. (LSI), a leading online auction marketplace for wholesale,
surplus and salvage assets, today announced the appointment of Eric C.
Dean to its executive management team as Chief Information Officer
(CIO) of LSI and its subsidiaries. Mr. Dean, 54, will lead LSI’s
technology strategy and implementation in support of LSI’s continued
growth. In this role, he will oversee LSI’s e-commerce platform,
technology infrastructure and application development programs with a
focus on meeting the business needs of LSI’s customers. Mr. Dean will
also provide technical expertise and identify opportunities to drive
efficiencies as LSI scales to a much larger enterprise.

Mr. Dean brings LSI over 28 years of experience in guiding the
strategy, implementation and management of information technology
processes in large scale, global enterprises and growth company
environments, including roles as CIO of Schaller Anderson, Andersen
Worldwide and UAL Corporation, parent company of United Airlines.

“Eric’s extensive knowledge and experience will play an integral
role in LSI’s strategic direction, development and future growth,”
said Bill Angrick, Chairman and CEO of LSI. “As we continue to scale
LSI’s online auction marketplace model organically and via
acquisition, Eric’s proven track record of aligning technology with
the business needs of a larger enterprise will contribute greatly to
the success of LSI.”

Mr. Dean will succeed Benjamin R. Brown who, as previously
indicated, is planning a sabbatical beginning January 1, 2008.

Prior to joining LSI, Mr. Dean served as Senior Vice President and
CIO for Schaller Anderson, Inc. In this role, he oversaw the company’s
IT activities as well as major development initiatives to support
Medicaid plans and processing within nine managed care organizations.
Mr. Dean also previously served as CIO for Andersen Worldwide, one of
the world’s largest international professional services firms,
overseeing a diverse staff of 1,000 employees in six countries. During
his time there, Mr. Dean revitalized Andersen’s technological
structures, particularly with the implementation of the Internet into
the company’s knowledge-sharing environment.

Mr. Dean also previously served as CIO of UAL Corporation where he
directed IT aspects of acquisition screening and integration planning
and oversaw development and implementation of a variety of systems,
including airport information systems, customer data warehouses, and
major enhancements to the company’s transactional website.

Mr. Dean has co-authored two publications about information
technology and is a founding Chairman of the Liberty Alliance and the
Arizona Health-e Connection Roadmap Technical Committee. Mr. Dean
holds a Bachelor of Science degree in Mathematics from Indiana
University.

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 over 550 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.