Washington, DC, November 1, 2005 — Liquidity Services, Inc. (LSI), a leading online marketplace for the sale of wholesale, surplus and salvage assets for businesses and the public sector, today announced it has been ranked number 87 on Inc. Magazine’s list of America’s 500 fastest growing private companies.
Researched and compiled by Inc. Magazine, the 2005 Inc. 500 list ranks companies based on three-year revenue growth from 2001 through 2004. All companies are U.S.-based, privately held, independent companies with minimum revenue of $500,000 in 2001. Inc. considers more than 500,000 businesses for the Inc. 500 annual list.
“We are honored to be recognized by Inc. as one of the fastest growing companies in the United States,” said Bill Angrick, Chairman and CEO of LSI. “LSI’s continued success is a reflection of the talent, hard work and dedication of our employees.”
LSI’s marketplaces are designed to provide sellers and buyers with a comprehensive solution for the online sale and purchase of wholesale, surplus and salvage assets. LSI offers a full suite of value-added services to simplify the sales process for sellers and improve the utility of its marketplaces for buyers. The company has attracted approximately 385,000 registered professional buyers that purchase available merchandise in over 500 commodity categories on its auction marketplaces www.Liquidation.com, www.govLiquidation.com and www.Uksurplus.com. The company also operates a wholesale industry vertical portal, www.goWholesale.com, that enables buyers to search for specific products for resale and is supported by advertising services.
The company’s clients include large retailers, manufacturers and distributors, the U.S Department of Defense, the Environmental Protection Agency, and United Kingdom Ministry of Defence.
About Liquidity Services, Inc.
Liquidity Services, Inc. and its subsidiaries enable government agencies, businesses and financial institutions to market and sell surplus assets and wholesale goods quickly and conveniently using innovative online auction marketplaces, business-to-business product sales and marketing expertise, and value-added logistics and fulfillment services. The privately held company is based in Washington, D.C. and employs 286 people. Additional information can be found at: www.liquidityservicesinc.com.