WASHINGTON – May 27, 2008 – In an effort to better serve its buyers and sellers, Liquidity Services Inc. (LSI), a leading online auction marketplace for wholesale, surplus and salvage assets, today announced the opening of a new distribution center in Arkansas to expand its national footprint of warehouse facilities. In addition to increasing the level of service provided to high volume sellers and professional buyers of wholesale and surplus inventory in the South Central and Southeast regions of the United States, the new distribution center will support the new product vertical, Store Fixtures and Equipment, on LSI’s online auction marketplace, www.liquidation.com.
“We opened an Arkansas warehouse to support the increase in volume from large customers in the area as well as a high regional demand for capital assets and merchandise available through our online auction marketplace, www.liquidation.com,” said Bill Angrick, Chairman and CEO of LSI. “The location enables both sellers and buyers to reduce transaction costs which translates into an enhanced rate of return on surplus inventory for sellers and a lower cost per unit at auction for buyers.”
In addition to the Arkansas facility, LSI’s national footprint of distribution facilities that are dedicated to capital assets and merchandise auctioned on www.liquidation.com includes Cranbury, NJ; Dallas, TX; Las Vegas, NV; Plainfield, IN; Fullerton, CA and Sacramento, CA.
Buyers can use the Advanced Search tool on www.liquidation.com to find inventory available through LSI’s seven distribution centers and can access shipping quotes on each auction. Key product categories include capital assets such as Store Fixtures and Equipment, and merchandise such as Clothing and Accessories; Jewelry and Watches; Computers and Networking; Consumer Electronics; General Merchandise; Housewares; and Tools and Machinery.
Onsite employees at all warehouse locations can provide a broad range of pre-sale value-added services such as inventory management and tracking, cataloguing and photographing merchandise, lotting, and outbound fulfillment. These services are designed to improve the speed and efficiency of surplus disposition, increase the net recovery for sellers, and provide transparent and real-time inventory tracking and transaction documentation throughout the entire process.
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 670 employees. Additional information can be found at: www.liquidityservicesinc.com and www.liquidation.com.
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