Press release from Business Wire
Liquidity Services Moves Up Washington Post 200
<p class='bwalignc'> <i>Fast-growing, DC-based tech innovator ranked as top public company by Washington Post</i> </p>
Monday, December 23, 2013
Liquidity Services Moves Up Washington Post 20016:30 EST Monday, December 23, 2013
WASHINGTON (Business Wire) -- Liquidity Services, Inc. (NASDAQ: LQDT), a global provider of surplus asset management services and leading online marketplaces for surplus goods, has been recognized as part of the Washington Post's annual Post 200, an annual ranking of the firms and organizations that “power the local economy.” Liquidity Services is ranked #49 by revenue on this prestigious 2013 list, moving up from its #59 ranking in 2012.
“We made important investments this past year to expand our industry coverage, breadth of services, and geographic reach, to enable smarter supply chain and sustainability programs for the world's top organizations while providing small businesses and end users with access to high quality, surplus assets through our growing online marketplace,” said Bill Angrick, Chairman and CEO of Liquidity Services. “As we set the pace for innovation in our industry, it's an honor to receive this acknowledgement from the Washington Post which is reflective of the efforts by our global team.”
A record 530,000+ transactions for surplus assets and inventory were transacted through Liquidity Services in fiscal year 2013, resulting in record revenue of $505.9 million and record Gross Merchandise Volume (GMV) of $973.3 million.
The Washington Post collected information from companies; law and lobby firms; banks and credit unions; and nonprofit organizations based in or with major operations in the District, Virginia and Maryland to determine which firms should qualify. Only companies that reported at least $150 million in 2012 revenue were included in the Post 200. The 2013 Post 200 List has also ranked companies by Net Income (Liquidity Services #35), Stockholder Equity (Liquidity Services #45), Assets (Liquidity Services #59), and Dividends (Liquidity Services #68).
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 $4.3 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 more than 1,300 employees. Additional information can be found at http://www.liquidityservices.com.
Liquidity Services, Inc.
Sultana F. Ali, APR