Liquidity Services is Apparent High Bidder for Non-Rolling Stock Surplus Contract with the U.S. Department of Defense

  Liquidity Services is Apparent High Bidder for Non-Rolling Stock Surplus
  Contract with the U.S. Department of Defense

Business Wire

WASHINGTON -- April 2, 2014

Liquidity Services, Inc. (NASDAQ:LQDT), a global solutions provider in the
reverse supply chain with leading online marketplaces for surplus assets,
today announced it has been determined the apparent high bidder for a contract
with the U.S. Defense Logistics Agency (DLA) to purchase, manage and sell
non-rolling stock surplus assets of the U.S. Department of Defense (DoD)
(Surplus Contract). Liquidity Services, Inc.’s high bid was equal to 4.35% of
the DoD’s original acquisition value (OAV). The Surplus Contract has a base
term of two years with four one-year renewal options.

Bidding for the DoD surplus rolling stock contract will take place in a live
auction being held by the DLA on April 2, 2014. Following the conclusion of
the auction event and a DLA determined apparent high bidder, Liquidity
Services will provide an update on the event results.

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 $4.4 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.

Forward-Looking Statements

This document contains forward-looking statements made pursuant to the Private
Securities Litigation Reform Act of 1995. These statements are only
predictions. 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, levels of activity, performance or
achievements to differ materially from any future results, levels of activity,
performance or achievements expressed or implied by these forward-looking
statements. These statements include, but are not limited to, statements
regarding the Company’s business outlook and expected future effective tax
rates. You can identify forward-looking statements by terminology such as
"may," "will," "should," "could," "would," "expects," "intends," "plans,"
"anticipates," "believes," "estimates," "predicts," "potential," "continues"
or the negative of these terms or other comparable terminology. Although we
believe that the expectations reflected in the forward-looking statements are
reasonable, 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
our filings with the SEC from time to time, and include, among others, our
dependence on our contracts with the DoD and Wal-Mart for a significant
portion of our revenue and profitability; our ability to successfully expand
the supply of merchandise available for sale on our online marketplaces; our
ability to attract and retain active professional buyers to purchase this
merchandise; the timing and success of upgrades to our technology
infrastructure; our ability to successfully complete the integration of any
acquired companies, including NESA and Go-Industry, into our existing
operations and our ability to realize any anticipated benefits of these or
other acquisitions; and our ability to recognize any expected tax benefits as
a result of closing our U.K. retail consumer goods operations. There may be
other factors of which we are currently unaware or deem immaterial that may
cause our actual results to differ materially from the forward-looking
statements.

All forward-looking statements attributable to us or persons acting on our
behalf 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 to reflect events or
circumstances occurring after the date of this document or to reflect the
occurrence of unanticipated events.

Contact:

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