Press release from Business Wire
Liquidity Services Listed in Forbes' “America's Fastest Growing Tech Companies 2013”
Thursday, June 06, 2013
Liquidity Services Listed in Forbes' “America's Fastest Growing Tech Companies 2013”16:30 EDT Thursday, June 06, 2013
WASHINGTON (Business Wire) -- Liquidity Services, Inc. (NASDAQ: LQDT), the leading online marketplace for surplus goods, has been included on Forbes' 2013 list of “America's Fastest Growing Tech Companies” alongside other leading tech companies based on historical and expected revenue and earnings performance criteria.
“We are leading the way in the $150 billion reverse supply chain market as a partner to the world's top retailers, manufacturers, and government agencies who leverage our global online marketplaces, data, and services to protect their brands and drive innovation in their supply chains,” said Bill Angrick, Chairman and CEO of Liquidity Services. “We are committed to investing in the expansion of our asset management and marketplace solutions to serve the needs of our clients. We appreciate this recognition of Liquidity Services by Forbes as one of the fastest growing tech companies in the U.S.”
In its 11th year, Forbes' list of 25 fast growing tech companies was based on its review of more than 2,100 publicly traded tech firms, selecting only profitable firms with a minimum revenue of $150 million and a market cap of at least $500 million to compile their list. Other variables included sales growth of at least 10% for each of the past three fiscal years and over the last 12 months and estimated earnings growth above 10% over the next three to five years. The list was then ranked by three-year average sales growth rate.
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.
Liquidity Services, Inc.
Sultana F. Ali, APR