WASHINGTON--(BUSINESS WIRE)--Dec. 8, 2014--
Liquidity Services, Inc. (NASDAQ:LQDT), a global solution provider in
the reverse supply chain with the world’s largest marketplace for
business surplus, today announced that the Defense Logistics Agency
(DLA) has exercised the remaining two one-month extension options under
its Surplus sales contract (Surplus Contract) for the disposition of
usable surplus property from the U.S. Department of Defense. Through
this unilateral contract amendment, the current Surplus Contract’s
performance period has been extended through February 13, 2015. During
this period, the U.S. Department of Defense (DoD) will continue to use
Liquidity Services as the primary sales channel for the disposition of
Under the Surplus Contract, Liquidity Services manages the receipt,
storage, marketing, and disposition of all usable surplus personal
property generated by DoD installations throughout the United States.
Assets are offered for sale through Liquidity Services' online auction
to a global buyer base.
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 $5.2 billion of
surplus assets in over 500 product categories, including consumer goods,
capital assets, and industrial equipment. The Company is headquartered
in Washington, D.C. with global locations across the Americas, Europe,
and Asia. Additional information can be found at: http://www.liquidityservices.com.
Source: Liquidity Services, Inc.
Liquidity Services, Inc.
Senior Director, Investor Relations