The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

Liquidity Services, Inc. Named to Forbes List of 100 Best Small Companies in America

<p class=' bwalignc'> <i>Sales and Earnings Growth Land Liquidity Services on List of Top Performing Small Cap Public Companies for Third Consecutive Year</i> </p>

Tuesday, November 09, 2010

Liquidity Services, Inc. Named to Forbes List of 100 Best Small Companies in America05:00 EST Tuesday, November 09, 2010 WASHINGTON (Business Wire) -- Liquidity Services, Inc. (NASDAQ:LQDT) today announced that the company has been named to Forbes List of Best Small Companies in America for the third consecutive year. The company, which operates online marketplaces and provides integrated services to help business and government clients sell surplus assets ranging from retail consumer goods to capital assets in the energy and manufacturing sectors, has achieved compound annual growth rates of 33% in marketplace gross merchandise volume (GMV) and 38% in adjusted EBITDA from 2002 through 2009. "We are honored to again be recognized by Forbes Magazine for the outstanding growth our team has achieved which is a testament to the innovation and superior value we deliver to our roster of Fortune 500 clients, over 3,200 government agencies and nearly 1.5 million registered buyers," said Bill Angrick, Chairman and Chief Executive Officer. “Our success serving the world's largest retailers and government agencies is due to our relentless focus on using technology and value added services to make the asset recovery process more transparent, efficient and valuable to all parties. In addition, we have expanded the activity in our marketplace to nearly 2.3 million annual auction participants, including professional and end-user buyers, resulting in the most liquid and competitive marketplace for surplus assets in the industry.” Liquidity Services was ranked #79 in the 2010 list, up from #88 in Forbes 2009 list of the 200 Best Small Companies in America. Forbes 2010 list of the 100 Best Small Companies in America recognizes remarkable sales and earnings growth among public companies with annual revenue between $5 million and $1 billion and a stock price no lower than $5.00 per share (excluding financial institutions, REITs, utilities and limited partnerships). Rankings are based on sales growth, earnings growth and return on equity in the last 12 months and over the past five years, and on the company's stock performance relative to its peers. About Liquidity Services, Inc. (LQDT) Liquidity Services, Inc. (NASDAQ:LQDT) and its subsidiaries enable retailers, industrial corporations and government agencies to market and sell surplus assets quickly and conveniently using online marketplaces and value-added services. The company, a member of the S&P SmallCap 600 Index, operates multiple global e-commerce marketplaces for surplus and salvage assets across the retail (Liquidation.com, UK-Liquidation.com) , government (GovLiquidation.com, GovDeals.com) and capital assets (NetworkIntl.com, Liquibiz.com) sectors. Liquidity Services is based in Washington, D.C. and has approximately 700 employees. Additional information can be found at: www.liquidityservicesinc.com. Liquidity Services, Inc.Ben Hanna, 202 558-6232Ben.hanna@liquidityservicesinc.com