Press Releases
Aug 11

Liquidity Services, Inc. Announces the Retirement of Co-Founder Jaime Mateus-Tique

Mateus-Tique to continue serving as active member of LSI’s Board of Directors

WASHINGTON–(BUSINESS WIRE)–Aug. 4, 2009–
Liquidity Services, Inc. (LSI) today announced that Jaime Mateus-Tique,
the company’s President, COO and Co-Founder, will retire from day–to-day
management of the business, as of September 30, 2009.

Mr. Mateus-Tique, 42, co-founded LSI and has served as Company President
and COO since 2000. Effective with this change, LSI’s Chairman and CEO,
Bill Angrick, will add the title of President. Mr. Mateus-Tique will
remain on the Company’s Board of Directors.

“Jaime has been critical in helping guide LSI from initial start-up to
the leading online auction marketplace for surplus assets with an
impressive roster of commercial and government clients,” said Bill
Angrick, Chairman and CEO of LSI. “He has also played an integral role
in helping the Company to expand and strengthen its senior management
team over the past two years, including the additions of Eric Dean, EVP
and CIO, and Cayce Roy, EVP and President of LSI’s commercial asset
recovery division. Jaime’s leadership, creativity and passion for the
business have made him a role model for all LSI employees. We are
pleased to have his continued involvement with LSI as an active member
of our Board as we pursue our vision of scaling to a billion dollar
enterprise.”

“Jaime has made many, many contributions to LSI’s growth and development
since I joined the Company’s Board in 2001 when revenues were less than
$1 million,” stated Patrick Gross, LSI’s longest serving independent
Director. “All the company’s directors look forward to Jaime’s strategic
insights as a fellow Board member as we pursue the many growth
opportunities that lie ahead for LSI.”

About Liquidity Services, Inc.

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 700 employees. Additional information can
be found at: www.liquidityservicesinc.com.

Source: Liquidity Services, Inc. (LSI)

Liquidity Services, Inc. (LSI)
Julie Davis, 202-558-6234
julie.davis@liquidityservicesinc.com