www.LiquiBiz.com provides online marketplace to connect European corporations and government agencies with professional buyers of wholesale, surplus and salvage assets
Liquidity Services, Inc. (NASDAQ:LQDT), a leading online auction marketplace for wholesale, surplus and salvage assets, announced today the launch of its new online auction marketplace, www.LiquiBiz.com. The new marketplace, translated in English and German, provides a central location for European-based corporations and government agencies to sell wholesale, surplus and salvage goods to a European and international buyer base. The creation of a dedicated European marketplace enables Liquidity Services, Inc. (LSI) to effectively address the unique requirements of large sellers and professional buyers throughout Europe.
The launch of www.Liquibiz.com provides European corporations and government agencies with a liquid marketplace and value-added services to more efficiently manage the flow of goods in the reverse supply chain. These assets include customer returns, overstock products and end-of-life goods from both corporate and government sectors. The marketplace is designed to provide a comprehensive solution to quickly bring these assets to market and enhance the financial value by attracting thousands of professional buyers seeking to purchase large lots of surplus goods.
LSI also provides integrated value-added services such as sales, marketing, logistics and customer support services to further simplify the sales process and create value for the seller. LSI holds contracts with large sellers in Europe such as the United Kingdom Ministry of Defence (MoD) and the United States Department of Defense (DoD) in the UK and Germany.
"European organizations are under significant pressure to meet legislative demands governing the disposition of goods in the reverse supply chain processes," said Bill Angrick, Chairman and CEO of Liquidity Services. "The launch of www.Liquibiz.com better positions LSI to provide European organizations with a comprehensive solution that simplifies the reverse logistics process, enhances the financial return on goods sold and allows organizations to return time and resources back to tier one business processes."
About Liquidity Services, Inc. (LQDT)
Liquidity Services, Inc. (NASDAQ:LQDT) and its subsidiaries enable corporations and government agencies to market and sell surplus assets and wholesale goods quickly and conveniently using online auction marketplaces and value-added services. The company is based in Washington, D.C. and has 350 employees. Additional information can be found at: www.liquidityservicesinc.com.
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