Press Releases
Aug 11

Liquidity Services, Inc. Appoints David A. Perdue to Its Board of Directors

WASHINGTON, Dec 07, 2009 (BUSINESS WIRE) — Liquidity Services Inc. (LSI), a leading online auction marketplace for
wholesale surplus and salvage assets, today announced the election of
Mr. David A. Perdue to the Company’s Board of Directors effective
immediately.

“David is a wonderful addition to LSI’s board,” said Bill Angrick, LSI’s
Chairman and CEO. “His experience as a top executive and strategist
within the retail and consumer goods manufacturing sectors will bring a
valuable perspective to LSI as we expand our e-commerce marketplace
solution in the US and abroad. Our Board and executive team look forward
to working with David as we enter an exciting phase of our company’s
growth and development”

Mr. Perdue’s career spans over 30 years working within the retail and
branded consumer product manufacturing industries in both domestic and
international markets.

From June 2003 until July 2007, Mr. Perdue served as Chairman and Chief
Executive Officer of Dollar General Corporation (NYSE: DG), a discount
retailer of general merchandise with over $10 billion of annual revenues
headquartered in Goodlettsville, TN. Mr. Perdue retired from Dollar
General after repositioning the company for growth and leading a
successful sale of the business to private equity firm, KKR. From July
2002 to March 2003, Mr. Perdue was Chairman and Chief Executive Officer
of Pillowtex Corporation, a textile manufacturing company located in
Kannapolis, NC. Previously, Mr. Perdue held various positions with large
consumer products companies including Executive Vice President of Reebok
International and President and CEO of the Reebok brand, Vice President
of Operations at Sara Lee Corporation (NYSE: SLE), and Senior Vice
President of Asian Operations at Haggar Clothing. Earlier in his career,
he worked in management consulting for Kurt Salmon Associates. Mr.
Perdue earned a Bachelor’s degree in Industrial Engineering and a
Master’s degree in Operations Research from the Georgia Institute of
Technology.

With the addition of Mr. Perdue, the LSI Board will now consist of seven
members.

About Liquidity Services Inc. (LQDT)

Liquidity Services, Inc. (NASDAQ:LQDT) and its subsidiaries enable
retailers, manufacturers and government agencies to market and sell
surplus assets quickly and conveniently using online auction
marketplaces and value-added services. The company is based in
Washington, D.C. and has approximately 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