Liquidity Services is Apparent High Bidder for Non-Rolling Stock Surplus
Contract with the U.S. Department of Defense
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:
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
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There are a number of risks and uncertainties that could cause our actual
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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
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a result of closing our U.K. retail consumer goods operations. There may be
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occurrence of unanticipated events.
Liquidity Services, Inc.
Senior Director, Investor Relations
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