WASHINGTON--(BUSINESS WIRE)--Dec. 8, 2016--
Liquidity Services (NASDAQ: LQDT), a global solution provider in the
reverse supply chain with the world’s largest marketplace for business
surplus, today announced that the U.S. Defense Logistics Agency (DLA)
has exercised the first of four one-year extension options under its
Surplus sales contract (Surplus Contract) for the disposition of usable
surplus property from the U.S. Department of Defense. The current
Surplus Contract’s performance period now extends through December 14,
2017.
Under the terms of the Surplus Contract extension, Liquidity Services
manages the receipt, storage, marketing, and disposition of all usable
surplus personal property generated by DoD installations other than
rolling stock throughout the United States and its territories. All
other terms, including pricing, remain consistent with the Surplus
Contract. Assets are offered for sale through Liquidity Services' online
auction marketplace, www.GovLiquidation.com,
to a global buyer base.
About Liquidity Services
Liquidity Services (NASDAQ: LQDT) employs innovative e-commerce
marketplace solutions to manage, value and sell inventory and equipment
for business and government clients. The company operates a network of
leading e-commerce marketplaces that enable buyers and sellers to
transact in an efficient, automated environment offering over 500
product categories. Our superior service, unmatched scale and ability to
deliver results enable us to forge trusted, long-term relationships with
over 8,000 clients worldwide. With nearly $6 billion in completed
transactions, and approximately 3 million buyers in almost 200 countries
and territories, we are the proven leader in delivering smart commerce
solutions. Visit us at LiquidityServices.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161208005945/en/
Source: Liquidity Services
Liquidity Services
Julie Davis
Senior Director, Investor
Relations
202-558-6234
julie.davis@liquidityservices.com
