Liquidity Services, Inc. Provides Preliminary Q1-FY2013 Gross Merchandise Volume Results; Reaffirms Q1-FY2013 Earnings Guidance;

  Liquidity Services, Inc. Provides Preliminary Q1-FY2013 Gross Merchandise
  Volume Results; Reaffirms Q1-FY2013 Earnings Guidance; Announces Quarterly
  Earnings Call

Business Wire

WASHINGTON -- January 16, 2013

Liquidity Services, Inc. (NASDAQ: LQDT), a leading online auction marketplace
for surplus and salvage assets, announced today preliminary Gross Merchandise
Volume (GMV) results for its first quarter fiscal year 2013 ended December 31,
2012, and is reaffirming guidance for Adjusted EBITDA and Adjusted Diluted
Earnings Per Share. The Company will discuss its final results for Q1-FY13 in
a conference call on Thursday, January 31, 2013 at 10:30 a.m. Eastern Time.
The earnings press release will be distributed prior to market open on the
same day. Bill Angrick, Chairman and CEO, and Jim Rallo, CFO, will host the
earnings event.

For Q1-FY13, Liquidity Services today announced that its Gross Merchandise
Volume (GMV) was approximately $234 million, which falls below the Company’s
guidance range of $240-$250 million. The lower than expected GMV is a result
of several delayed energy equipment sales within the Company’s capital assets
group.

The Company reaffirms its quarterly guidance for Q1-FY13 for Adjusted EBITDA
and Adjusted Diluted Earnings Per Share (EPS). We expect Adjusted EBITDA for
Q1-FY13 to range from $22.0 million to $24.0 million and Adjusted Diluted EPS
to be $0.36 to $0.40.

Investors and other interested parties may access the earnings call
teleconference on January 31, 2013 by dialing 866-713-8567 or 617-597-5326 and
providing the participant pass code 55758425. A live web cast of the
conference call will be provided on the Company's investor relations website
at www.liquidityservicesinc.com/investors.

An archive of the web cast will be available on the Company's website for 30
calendar days ending March 2, 2013 at 11:59 p.m. ET. An audio replay of the
teleconference will also be available until March 2, 2013 at 11:59 p.m. ET. To
listen to the replay, dial 888-286-8010 or 617-801-6888 and provide pass code
36221612. Both replays will be available starting at 12:30 p.m. on the day of
the call.

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
$3.3 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 nearly 1,300 employees.
Additional information can be found at: http://www.liquidityservicesinc.com.

Forward-Looking Statements

The financial information set forth in this press release reflects our current
estimates, is subject to the completion of our quarterly review process and is
subject to change.

This document contains forward-looking statements made pursuant to the Private
Securities Litigation Reform Act of 1995, including, without limitation,
statements regarding the potential benefits and impact on fiscal 2013
operating results. The outcome of the events described in these
forward-looking statements is subject to known and unknown risks,
uncertainties and other factors that may cause our actual results to differ
materially from any future results expressed or implied by these
forward-looking statements. You can identify forward-looking statements by
terminology such as "expects," or the negative of these terms or other
comparable terminology. We cannot guarantee future results, levels of
activity, performance or achievements. There are a number of risks and
uncertainties that could cause our actual results to differ materially from
the forward-looking statements contained in this document. Important factors
that could cause our actual results to differ materially from those expressed
as forward-looking statements are set forth in the Company’s Annual Report on
Form 10-K for the fiscal year ended September 30, 2012, including, but not
limited to, those set forth in Item IA (Risk Factors). There may be other
factors of which we are currently unaware that may cause our actual results to
differ materially from the forward-looking statements. All forward-looking
statements apply only as of the date of this document and are expressly
qualified in their entirety by the cautionary statements included in this
document. Except as may be required by law, we undertake no obligation to
publicly update or revise any forward-looking statement occurring after the
date of this document.

Contact:

Liquidity Services, Inc.
Julie Davis
Director of Investor Relations
202-558-6234
julie.davis@liquidityservicesinc.com
 
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