Liquidity Services Receives One Year Contract Extension for U.S. Department of Defense Surplus Property Sales
December 08 2016 - 4:15PM
Business Wire
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20161208005945/en/
Liquidity ServicesJulie DavisSenior Director, Investor
Relations202-558-6234julie.davis@liquidityservices.com
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