WASHINGTON–(BUSINESS WIRE)–Feb. 17, 2015–
Liquidity Services, Inc. (NASDAQ:LQDT), a global solution provider in
the reverse supply chain with the world’s largest marketplace for
business surplus, today announced that the Defense Logistics Agency
(DLA) has awarded Liquidity Services a six-month contract extension plus
three 30-day option periods, exercisable by the DLA, for its Surplus
Contract. The contract performance period begins on February 14, 2015.
During this period, the U.S. Department of Defense (DoD) will continue
to use Liquidity Services as the primary sales channel for the
disposition of surplus property.
Under the terms of the Surplus Contract extension, Liquidity Services
manages the receipt, storage, marketing, and disposition of all usable
non-rolling stock surplus personal property generated by DoD
installations throughout the United States and its territories. All
other terms, including pricing, remain consistent with the prior Surplus
Contract. Assets are offered for sale through Liquidity Services’ online
auction marketplace, www.GovLiquidation.com,
to a global buyer base.
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.
Julie Davis, 202-558-6234
Director, Investor Relations