Liquidity Services, Inc.’s James Rallo Recognized as CFO of the Year by Tech
Council of Maryland
WASHINGTON -- May 23, 2013
Liquidity Services, Inc., the leader in the surplus goods marketplace, is
pleased to announce that its CFO and Treasurer James Rallo, has been
recognized as CFO of the Year by the Tech Council of Maryland (TCM). As
Maryland’s largest technology trade association with more than 400
biotechnology and technology members employing more than 200,000 in the
region, the organization acknowledges leaders in the technology space in its
annual 2013 TCM Tech Awards.
“Winners of the 2013 Tech Awards exemplify the broad cross section of
individuals and companies that make up the Tech Council membership and are key
to driving advances in all aspects of technology,” said Doug Doerfler,
chairman of TCM’s Board and founding president and CEO of MaxCyte, Inc.
Since James Rallo joined the company in February 2005, Liquidity Services has
increased sales more than 10 fold and profits more than 20 fold while
expanding its business throughout North America, Asia, and Europe organically
and through acquisitions. Liquidity Services grew its Gross Merchandise Volume
(GMV) by 55% to a record $864.2 million and its global buyer base by 36% to
nearly 2.2 million during its 2012 fiscal year. Mr. Rallo has previously
received the award for Public Company CFO of the Year Award from the Northern
Virginia Technology Council (NVTC).
“We have experienced remarkable growth by providing trusted and innovative
solutions to our clients as we continue to lead the way in the $150 Billion
Reverse Supply Chain market and Jim has been a key contributor to our
success,” said Bill Angrick, Chairman and CEO of Liquidity Services. “Jim
exemplifies our company’s core values through his integrity, collaborative
leadership, and work ethic in support of our clients and our talented team of
1,300 employees throughout the globe. We appreciate the Tech Council of MD’s
recognition of Jim’s tremendous achievements through this award.”
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:
Liquidity Services, Inc.
Sultana F. Ali, APR
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