Press Releases
Aug 19

Liquidity Services Opens Auction for Manufacturing Equipment on Behalf of Hallmark Cards, Inc.

Bidding open for disposable cups and plates, napkin printing/folding,
and packaging and support equipment

WASHINGTON–(BUSINESS WIRE)–Feb. 17, 2015–
Liquidity Services, Inc. a global solution provider in the reverse
supply chain with the world’s largest marketplace for business surplus,
has been selected by Hallmark Cards, Inc. to conduct a private treaty
event for equipment considered surplus to ongoing operations for
Hallmark. The assets consist mostly of industrial manufacturing
equipment from Hallmark’s existing Party Supply Manufacturing division
at their facility in Leavenworth, Kansas, USA. Interested buyers will
have the opportunity to bid on approximately 100 assets via Liquidity
Services’ online marketplace www.Go-Dove.com.

“Liquidity Services has demonstrated a record of success in delivering
maximum results for surplus sales,” said Damon Lewis, representative at
Hallmark. “We have confidence we will achieve our goals for recovery on
these surplus manufacturing assets by leveraging the expertise of the
Liquidity Services team and its established, online marketplaces.”

Bidding for the items has opened at Liquidity Services’ online
marketplace www.Go-Dove.com.
Please visit the auction webpage for more details and to bid on specific
assets at http://www.go-dove.com/en/events?cmd=details&event=501355.

“The sale of this particular surplus is an easy and affordable way for
companies to acquire quality equipment to manufacture party supplies –
such as plates, cups, napkins, and more – and companies can inquire
immediately about these assets,” said Mike Besecker, Senior Vice
President of Global Sales for Liquidity Services’ Capital Assets Group.
“We are glad to continue this successful partnership with Hallmark for
more than five years, returning working capital to the business in a
sustainable, compliant way that maximizes their total supply chain
value.”

Below is a partial list of items available for sale:

  • (6) Peerless Plate Forming & Packaging Lines
  • (2) Paper Machinery Corp. Cup Forming & Packaging Lines
  • 1994 Cerruti Laminator
  • (3) 2000 & 1999 Servo-Tec Flexographic Printing/Folding Presses
    (currently set up for napkins but can be used for other printing
    applications)
  • 30+ Sets of Plate Forming Dies (non-trademarked)

Liquidity Services’ GoIndustry DoveBid marketplace allows professional
buyers to acquire quality used industrial manufacturing and plant
support equipment from any location around the globe. Bidders can
evaluate available equipment from an online platform and then purchase
assets via the regularly scheduled industry marketplace auction from top
companies like Hallmark.

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 $5.4 billion of
surplus assets in over 500 product categories, including consumer goods,
capital assets, and industrial equipment. The company is headquartered
in Washington, D.C. with global locations across the Americas, Europe,
and Asia. Additional information can be found at: http://www.liquidityservices.com.

Source: Liquidity Services, Inc.

Liquidity Services, Inc.
Media Contact:
Sultana F. Ali,
APR
Director, Public Relations
202-467-5723
Sultana.Ali@liquidityservices.com