WASHINGTON–(BUSINESS WIRE)–May. 23, 2013–
Liquidity Services, Inc., the leader in the surplus goods marketplace,
is pleased to announce that its CFO and Treasurer James Rallo, has been
recognized as CFO of the Year by the Tech Council of Maryland (TCM). As
Maryland’s largest technology trade association with more than 400
biotechnology and technology members employing more than 200,000 in the
region, the organization acknowledges leaders in the technology space in
its annual 2013 TCM Tech Awards.
“Winners of the 2013 Tech Awards exemplify the broad cross section of
individuals and companies that make up the Tech Council membership and
are key to driving advances in all aspects of technology,” said Doug
Doerfler, chairman of TCM’s Board and founding president and CEO of
Since James Rallo joined the company in February 2005, Liquidity
Services has increased sales more than 10 fold and profits more than 20
fold while expanding its business throughout North America, Asia, and
Europe organically and through acquisitions. Liquidity Services grew its
Gross Merchandise Volume (GMV) by 55% to a record $864.2 million and its
global buyer base by 36% to nearly 2.2 million during its 2012 fiscal
year. Mr. Rallo has previously received the award for Public Company CFO
of the Year Award from the Northern Virginia Technology Council (NVTC).
“We have experienced remarkable growth by providing trusted and
innovative solutions to our clients as we continue to lead the way in
the $150 Billion Reverse Supply Chain market and Jim has been a key
contributor to our success,” said Bill Angrick, Chairman and CEO of
Liquidity Services. “Jim exemplifies our company’s core values through
his integrity, collaborative leadership, and work ethic in support of
our clients and our talented team of 1,300 employees throughout the
globe. We appreciate the Tech Council of MD’s recognition of Jim’s
tremendous achievements through this award.”
About Liquidity Services, Inc.
Liquidity Services, Inc. (NASDAQ: LQDT) provides leading corporations,
public sector agencies, and buying customers the world’s most
transparent, innovative, and effective online marketplaces and
integrated services for surplus assets. On behalf of its clients,
Liquidity Services has completed the sale of over $3.6 billion of
surplus, returned, and end-of-life assets in over 500 product
categories, including consumer goods, capital assets, and industrial
equipment. The company is based in Washington, D.C. and has
approximately 1,300 employees. Additional information can be found at: http://www.liquidityservicesinc.com.
Source: Liquidity Services, Inc.
Liquidity Services, Inc.
Sultana F. Ali, APR