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Liquidity Services, Inc. Announces Appointment of Leoncio Casusol as Chief Information Officer

  Liquidity Services, Inc. Announces Appointment of Leoncio Casusol as Chief
  Information Officer

Business Wire

WASHINGTON -- February 4, 2013

Liquidity Services, Inc. (NASDAQ: LQDT), which 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, is pleased to announce the appointment of Leoncio Casusol as
Chief Information Officer (CIO) for Liquidity Services. Mr. Casusol will serve
as a member of the Company’s executive leadership team and will report to Bill
Angrick, Chairman and CEO of Liquidity Services.

As the Company’s top technology executive, Mr. Casusol will be responsible for
partnering with the Company’s business and functional leaders to improve and
optimize the Company’s technology platforms, operations, and services in
support of customer satisfaction and long term growth.

“As our new CIO, Leo will play an integral role in Liquidity Services’
development and future growth as we capitalize on the vast opportunities to
drive innovation in the reverse supply chain with our e-commerce platform and
unique global service offering,” said Bill Angrick. “Leo’s strong background
in designing and operating high-scale global technology platforms, mentoring
and developing technology teams, and driving operational efficiencies and
client value will strengthen our business and market leadership position.”

Prior to joining Liquidity Services, Mr. Casusol was CIO of Terremark, a
Verizon company that provides advanced IT infrastructure and managed services
to global enterprise and government clients, where he was responsible for the
implementation of business technology, new products, and strategies to drive
operational efficiencies and improved growth. Before that, he spent seven
years at Quadrem, an Ariba Company, helping establish and grow one of the
first and largest B2B e-commerce marketplaces in the mining industry
supporting over $20 billion of annual transaction volume globally.

“Liquidity Services is a world-class company that is transforming the way
leading organizations manage their capital assets and inventory,” said
Casusol. “I’m looking forward to helping scale and grow the company’s leading
online marketplaces, operations, and service offering to capture the
tremendous long term potential of our target market.”

Mr. Casusol holds a bachelor’s degree in Systems Engineering from Santa Maria
Catholic University of Arequipa and a master’s in Economics and Management
from San Agustin University of Arequipa.

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 $3.5 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.

Contact:

Liquidity Services, Inc.
Sultana Ali, APR, 202-467-5723 (o)
407-719-7060 (m)
sultana.ali@liquidityservicesinc.com
 
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