Articles

Entrepreneurs Forge Ahead

Sacramento Bee — August 23, 2010

Yes, the economy is struggling, but some entrepreneurs still have energy, dreams and drive, developing ideas, opening storefronts, starting businesses and finding ways to succeed amid the deep recession.

A Bargain-Hunter’s Paradise

Investor's Business Daily — February 26, 2010

As traditional retailers struggle amid a halting recovery challenged by high unemployment and still-reluctant spenders, e-commerce companies have thrived, serving shoppers looking for a deal. The trend has boosted smaller e-commerce players, too. Just ask Bill Angrick, chief executive of Liquidity Services (LQDT), a small but fast-growing company that sells off excess inventory over the Web. Among its businesses Liquidity operates Liquidation.com, which handles excess inventory for 500 commercial sellers, including 35 Fortune 500 companies and seven of the top 10 U.S. retailers in the U.S.

Liquidation Rolls out New Site Design with Seller Performance Reports

Auctionbytes — February 15, 2010

Liquidity Services Inc. has introduced a new website design for its Liquidation.com marketplace that includes auction recommendations placed throughout the site to help buyers find what they need, as well as detailed “Seller Performance Reports” on Item pages. Galleries, called “auction carousels,” provide an easy way for visitors to quickly browse the most popular auctions on the site.

Website Helps Make Extra $ in Tough Economy

Fox News — January 27, 2010

I have no earthly idea why I would ever possibly need five 32 inch flat screen TVs but after cruising Liquidation.com, I am tempted to start bidding. Think of the Liquidation.com as a sort of bulk eBay. Instead of one TV to bid on, at this auction site, most likely they could be sold in sets of five. There might be bulk lots of various sporting equipment, toys or clothes. Liquidation.com is a company that buys up the merchandise that national retailers don’t need. The Christmas gifts you didn’t want and returned might end up on Liquidation.com. So would surplus items that stores can’t sell.

Online Shoppers Especially Prudent, But At Least They’re Buying

Investor's Business Daily — December 24, 2009

Slow sales of big-ticket items are good news for Liquidity Services (LQDT). Companies sell excess inventory through its Liquidation.com in bulk, mostly to small businesses, through auctions. “We know now that consumers are very focused on essential items and are staying away from higher-end discretionary items,” Angrick said. “So we have seen an influx of larger-screen LCD TVs, a lot of jewelry accessories, higher-end apparel, high-end fitness equipment and home theater gaming systems. These products are not selling as rapidly as expected and as a result are being pulled from the shelves and sold through our channels.”

Three Best Ways to Sell Excess Holiday Merchandise

Wall Street Journal — December 23, 2009

What happens when your sweaters or electronics aren’t sold before the Christmas holiday? Instead of drastically marking down merchandise for post-holiday sales, there are a few ways to unload excess inventory without severely hurting your bottom line.

Liquidity Services CEO on Consumers

Fox Business — December 23, 2009

CEO Bill Angrick weighs in on the state of the wholesale services industry.

TapouT founder’s customer Mercedes-Benz up for auction

The Orange County Register — December 10, 2009

The 2009 Mercedes-Benz S63 AMG sedan owned by the late Charles “Mask” Lewis, founder of the TapouT mixed martial arts brand, is up for auction by the government. The car is being sold through the GovDeals.com Web site.

Wholesale warehouse in Garland attracts buyers, sellers

WFAA-ABC News Dallas — December 15, 2009

From televisions to bicycles to Guitar Hero and even a shower, Liquidation.com in Garland is a packed with inventory. The giant warehouse is a distribution center for an online auction marketplace. Liquidation.com is part of an emerging industry built on what won’t sell in stores or on major websites. It basically helps those stores clear their shelves.

How to Sell on Amazon and eBay

New York Times — December 2, 2009

Figuring Out the Basics to sell on eBay and Amazon. Find a reliable wholesaler who offers low enough prices to generate high enough profit margins on resale. Finding the right wholesaler can require an extensive search. Many sellers, Mr. McGrath said, source their products offline, through local wholesalers or flea markets. Comparison shopping can still be done online, using sites like Liquidation.com and eBay, which offer wholesale items in bulk.

Low Retail Inventory Levels Lead to Liquidators’ ‘Restock Tuesday’

Auctionbytes — December 1, 2009

“Liquidation.com said the Tuesday after Thanksgiving is traditionally one of its heaviest shopping days of the year as online and offline merchants restock their shelves following two of the busiest consumer shopping days, Black Friday and Cyber Monday. The online auction marketplace is anticipating 50% more auction sales on “Restock Tuesday” this year compared to a year ago and has increased staffing at its six nationwide warehouse locations.

“Cyber Monday” Now Cyber Week

News Channel 5 Dallas — December 1, 2009

Retail Web sites tried to keep up the strong sales pace Monday that began over the Thanksgiving weekend. This is the day that the industry pitches as “Cyber Monday,” and Web sites have been offering deals aimed at attracting holiday shoppers. Liquidation.com, an online auction site with a warehouse in Garland, predicted Cyber Monday would kick off its busiest week of the year.

Cranbury liquidator’s warehouse is abuzz on Restock Tuesday

The New Jersey Star Ledger — December 1, 2009

First there was Black Friday, a holiday devoted to shopping — or avoiding it. Then came Cyber Monday, the online equivalent. But what’s Restock Tuesday? Call it a holiday for the retail underworld, known as liquidation. It’s an emerging industry, built on what won’t sell in stores or on major Web sites, and it does its best business now through January. The worse retailers do, the better liquidators fair as they take on the excess and sell it in online auctions.

7 Reasons Not to Worry This Week

The Motley Fool — November 30, 2009

After a strong fiscal 2008, Liquidity Services bumped its head early in 2009. It didn’t stay down for long, apparently. As an online marketplace for wholesale surplus and salvage assets, it’s dealing with the perfect combination of distressed manufacturers with goods to move and consumers hungry for closeout deals.

Find bargains on Uncle Sam’s eBay

MSN Money — November 25, 2009

Liquidity Services operates two sites, GovDeals.com and GovLiquidation.com, for the U.S. government. The former sells government surplus and confiscated items, and the latter specializes in Department of Defense surplus. Company spokeswoman Julie Davis says that the majority of the approximately 1.2 million registered bidders are small-business owners. “We’re matching the needs of buyers with the needs of the government,” Davis says.

Liquidation.com Gives Away TVs in Holiday Promotion

Auctionbytes — November 25, 2009

Liquidation.com is running a promotion in which it is giving away one 42-inch Vizio HDTV every week until the end of the year. The online-auction marketplace for surplus inventory wants users to know it is making available single-unit quantities this holiday season in addition to the larger lot sizes traditionally offered.

Small business auction site offers deals

ABC News Channel 6 - Philadelphia — November 6, 2009

A 42-inch plasma tv for $250. A $690 Coleman generator for $220. A $250 Stanley tool set for $75 or an $820 Broil-King grill for $382.These are just a few of the items that sold recently on auction site Liquidation.com. The website has six warehouses nationwide, including one in Cranbury, New Jersey, which we visited.

Liquidity Services thrives on excess

The Record — November 5, 2009

In an industrial zone off the New Jersey Turnpike in Cranbury, there’s a large, hangar-like building that could be called the Warehouse of Retail Rejects. Inside the 48,000-square-foot structure, workers sort, inspect and repackage everything from exercise bicycles to big-screen televisions for resale. The warehouse, one of six owned around the country by Liquidity Services Inc., is where some of the country’s biggest retailers funnel their overstocks, returned items and damaged goods. On a recent weekday, the place looked like a retailer’s worst nightmare, with dozens of big-ticket items such as flat-panel televisions lined up in rows, along with stacks of laptop computers, and piles of Wii video-game consoles.

Bridgeport Auctions Off Clunkers

The Connecticut Post — October 28, 2009

The city has netted nearly $16,000 from the sale of 13 surplus vehicles. The online auction of SUVs, passenger cars and work vehicles began Oct. 15. That same day, a sale preview was held at the city’s public works garage at 990 Housatonic Ave. Prospective buyers were able to place bids through the Web site, www.govdeals.com.

Show Me the Money: Liquidation Warehouse Offers Steep Discounts

News Channel 6 - Indianapolis — October 28, 2009

Todd Wallace explores how Liquidation.com allows customers to bid on deeply discounted items.

Forbes 200 Best Small Companies – In Depth: Self-Made Stars

Forbes.com — October 15, 2009

LSI ranks for the second year in a row on the Forbe’s list of 200 Best Small Companies. Co-founded in 2000 by William P. Angrick III, and Jaime Mateus-Tique, the Washington, D.C., company provides an online auction marketplace for everything from clothing and jewelry to electronics and vehicles.

125,000 Square Feet of Bargains

NBC 5 Dallas — September 24, 2009

Outfitting the “man cave” with top of the line equipment just got easier. Liquidation.com sells the best electronics for next to nothing. Only one trick, you have to start online and bid for what you want. Think eBaywithout the Grandma doilies and outrageous shipping fees because you can pick up your stuff at a local warehouse. “You can buy just about anything over here,” said customer Antoine Abssy.

Big Deal: 60-Inch TVs for $400

NBC Los Angeles — September 21, 2009

You’ll find big savings on big screen TVs — and other stuff for your home at Liquidation.com and its six national warehouse distribution centers.

Featured Profile: Liquidation.com

Wholesale Source Magazine — August 1, 2009

For small and medium-sized businesses that make money by selling tangible goods, Liquidation.com is a wonderful tool for the critical task of finding a reliable source of inventory at the right price. Liquidation.com is meeting that need for over 1.1 million registered buyers through its solid relationships with key large retailers and manufacturers that regularly sell overstock, consumer returns, shelf-pulls and seasonal merchandise through its online channel. Please turn to page 80-81 to read the article.

Liquidity Services Inc., marks 10 years

ExecutiveBiz — August 11, 2009

What a difference 10 years makes. Since its founding in the fall of 1999 — and later its move to IPO status in February 2006 — Liquidity Services, Inc., has become a leading online auction marketplace for wholesale, surplus, and salvage assets.

Debunking the Myths of Customer Returns and the Use of Liquidation Channels

ROI Magazine — July 7, 2009

No retailer (including store, catalog and online merchants) wants to see products returned, but as the National Retail Federation reported in 2008, more than $219 billion of merchandise made its way back to retail stores through consumer returns. Many astute companies, however, are winning customer loyalty, decreasing costs and creating positive revenue by effectively managing their returns processes.

Cumberland County Saves $20K with Web Auction

Government Fleet — July 6, 2009

Cumberland County officials say they saved taxpayers $20,000 buying a used truck on an Internet auction site instead of buying new offline. Bobby Howard, the county’s solid waste director, placed the winning bid at GovDeals.com for a used 2008 International box truck, to be used daily in the county’s recycling division to pick up materials from county buildings and post offices for recycling. The county has used GovDeals.com to mostly unload surplus vehicles since signing up last year. This was one of its first purchases on the electronic-commerce site, according to a county spokesperson.

Summer looks like a washout for some retailers

Associated Press — June 30, 2009

As consumers get ready to celebrate July Fourth, many merchants already have dismissed summer as a washout. Bill Angrick, CEO of Liquidity Services, which auctions surplus goods to dollar stores and small resellers, said that in the past stores had usually held out hope for procrastinators and didn’t unload summer items until early August. But “there is no normal in this economic cycle,” so merchants are cutting their losses.

Online marketplace fills the reverse-supply pipeline

Waste & Recycling News — June 8, 2009

“The carbon footprint of a traditional live auction event versus a virtual online solution is not even comparable. And what we’ve found is that our clients view us as a green channel because they can recover value by disposing of items as usable items and not as waste.”

How your undies track the recession

MSN Money — May 27, 2009

Guys, if you want to know where the economy is headed next, look in your underwear drawer. If you’re like most men, you’ve got more than a few skivvies in, well, less than perfect condition. It’s one of several unusual indicators economists turn to in hard times. We went looking through them in a quest for the much-discussed “green shoots” of an imminent recovery. The amount of stuff consumers return to stores can also tell us when a rebound is in store, says William Angrick, the chief of Liquidity Services.

Towns Get Creative To Save Cash

CBS Evening News — May 20, 2009

These are tough times for state and local governments. Many are facing big budget gaps, none more than California, which leads the way with $21 billion in red ink. All over America, officials are looking for ways to save. And they’ve come up with some bright ideas. A pile of stolen and abandoned bikes in Ewing Township, N.J, may look like junk, but, “I see money. I do,” says Mayor Jack Ball. He auctioned them off at GovDeals.com, a sort of EBay for towns with a surplus of stuff and a deficit of dough. He got $1,700 for them – that’s found money for a struggling town.

OKC facility serves as ‘Pentagon’s eBay’ home for surplus inventory

The Journal Record — May 12, 2009

Where can you find everything from boots and violins to heavy-duty vehicles available for bid? At the new Government Liquidation warehouse in far west Oklahoma City. Items are actually sold online, but can be viewed at the warehouse. “They refer to us as eBay for the Pentagon,” said company President Tom Burton, a Lawton native. On the Web site, he said, things for sale can range from musical instruments to clothing, cameras, vehicles, camping gear, boats, tools and exercise equipment. He said auctions have included horses, mules and even locomotives and boxcars.

One man’s surplus is ….

The Columbus Dispatch — May 12, 2009

Although you won’t find the Ark of the Covenant among the treasures, the vast selection of goods at the Government Liquidation warehouse seems like something out of an Indiana Jones movie. Roughly the size of six football fields, the 340,000-square-foot warehouse in Obetz is stocked with tens of thousands of Department of Defense surplus items that are auctioned to the public. Bids are placed and managed online at the company’s Web site, www. govliquidation.com.

Government Liquidation opens Oklahoma City warehouse

The Oklahoman — May 8, 2009

If eBay joined the Army, it would become Government Liquidation, a massive online auction of thousands of government leftovers. Up for bid? Practically anything imaginable, from a boat engine to camouflage backpacks to snowboarding equipment to microscopes — all starting at just $150. Government Liquidation recently opened a 440 ,000-square-foot warehouse in west Oklahoma City. All of the property is sold online but can be inspected and picked up at the warehouse.

Liquidation warehouse gets in gear

Arkansas Democrat Gazette — April 20, 2009

Bundles of flat-panel televisions, DVD players and other electronics wrapped in clear, heavy-duty plastic sit on pallets inside a warehouse, awaiting potential buyers via Internet auction.

Liquidity Services offers deals on items procured from various surplus sources

Benton County Daily Record — April 9, 2009

In an 85,000-square-foot warehouse in Bentonville, Cayce Roy walked through aisle after aisle of all sorts of merchandise. “What we do,” Roy explained, “is offer every product category from a variety of sources to our buyers. We have 1.1 million registered buyers who participate in our auctions. Some people are interested in supplying their own business, beginning a business or selling products on eBay or Craigslist.

Liquidation Business Booming In Recession

ABC News 40/29 - Bentonville, Arkansas — April 8, 2009

Some people are taking it upon themselves to stimulate the economy by becoming Internet sales entrepreneurs.They’re visiting an 80,000-square-foot warehouse in Bentonville where thousands of returned, damaged or unsold items are being bought in bulk by people hoping to make some money on a sale.”You hear stories all the time about people who have started their own businesses and are doing very well,” said Cayce Roy of liquidation.com.

Deals – Bargains on gov’t website

Fox News Toledo — March 23, 2009

Looking for a used 1997 Demag Crane with hydraulic telescoping boom and 300-ton capacity? Keep looking, unless you’re the guy who shelled out $930,000 to buy it at govdeals.com, a decade-old Web site that has breathed new life into the world of auctions for public entities looking to sell used or confiscated equipment.

Liquidity Services helps companies clear shelves

New Jersey Star Ledger — March 18, 2009

As big-box retailers struggle with consumers who have reined in their spending, liquidators have become a second sales channel for consumers and small businesses that are looking for bargains and don’t mind buying items that are nearly new but not in perfect condition. Liquidity Services sells a little bit of everything in its auctions, including consumer home theater systems, iPods, video games, furniture a nd department store shelves. Some of the products are returns and some are damaged. The customers are mostly other businesses and some consumers who bid online to buy wooden pallets full of unsold products.

Angrick On Excess Inventory

Globe Street — March 16, 2009

One retailer’s unsold or returned items – and even its store fixtures – can become another company’s treasure, as entrepreneurs are rapidly discovering online. In the past year, Washington, DC-based Liquidity Services Inc., an online auction site for excess merchandise, has seen unprecedented growth, and has even launched a new category – selling the fixtures of shuttering stores. Bill Angrick, CEO, spoke with GlobeSt.com about how the resale market benefits the buyers, sellers and even the environment as the ultimate form of recycling.

Cash-hungry U.S. states turn to Web to auction goods

Reuters — March 13, 2009

U.S. municipalities, strapped for cash as the recession decimates revenues, are stepping up sales of everything from old police cars, helicopters and bicycles to confiscated jewelry and slot machines in an effort to reduce swollen deficits. And municipalities that previously relied on old-fashioned auctions conducted in local parking lots are getting more sophisticated, turning to the online world as they seek to maximize their sales.

In-house counsels must know how to shift gears

Washington Business Journal — March 6, 2009

Corporate counsels are expected to be a legal jack-of-all trades, jumping from Securities and Exchange Commission filings one moment to sorting out sensitive human resources issues the next. James Williams is vice president, general counsel and corporate secretary for D.C.-based Liquidity Services Inc., a sort of business-focused eBay that helps companies sell items they no longer want.

Cash is king for companies facing hard times

Reuters — February 10, 2009

Liquidity Services Inc which runs the retail inventory auction website Liquidation.com, said struggling retailers are paying much closer attention to their inventory levels. Volume on the website was eight times above 2007 levels even before Christmas last year, as retailers sent goods straight to auction to raise cash, without even trying to sell them on their shelves.

Low sales lead to a lift in liquidation

NPR's Marketplace — February 5, 2009

The central New Jersey distribution center of Liquidation.com is a pretty good snapshot of the disastrous holiday shopping season, even more than a month later. Pallets are stacked up to the ceiling, loaded with apparel, flat-screen TVs, even food. There are more goods moving through this warehouse than ever before. And it’s not just the scratch-and-dent stuff you might be thinking.

¿En busca de ofertas?

Telemundo 47 — January 14, 2009

¿Cuantas personas están haciendo ventas de garaje para ganarse dinero adicional? Pues, existe una posibilidad de comprar artículos de las grandes tiendas a un precio mucho menor a través del Internet. ¿Usted se ha preguntado a donde llegan los productos que ya no venden las tiendas grandes? Pues justamente esta es una de las bodegas de Liquidation.com donde encontrará las estibas llenas de productos que se rematarán.

Returned merchandise market is booming

WTHR News Channel 13 – Indianapolis — January 7, 2009

The tough economy has forced Americans to return $47 billion worth of Christmas presents. That’s up $7 billion compared to last year. Some are using these returns to find great deals and turn their own finances around using a warehouse in Plainfield. In Plainfield, a warehouse is full of giant flat screen televisions, digital cameras, Guitar Heroes and iPods.

Returns, Overstocked Gifts Pile Up at Indiana Warehouse

WRTV News Channel 6 Indianapolis — January 7, 2009

An Indiana company is reaping the rewards of all those holiday returns and pulling in big profits from selling overstocked items, often at deep discounts. Liquidation.com’s largest warehouses nationwide sits in Plainfield, Ind., Call 6′s Rafael Sanchez reported. Overstocked items, returns that stores can’t sell and damaged merchandise end up at the huge facility, where the goods are inspected, sorted, photographed and auctioned off online to registered buyers. Many of the items are resold to people with online businesses or who sell the merchandise on eBay or Craigslist.

Returned Merchandise Market is Booming

WTHR News Channel 13 Indianpolis — January 7, 2009

La Oportunidad Que Esperaba Liquidation.com

Telemundo 52 – Los Angeles — January 7, 2009

Dinorah Perez de Telemundo 52 Los Angeles nos presenta un reportaje que es una oportunidad, cientos de articulos practamento nuevos a precios rebajadisimos.

Buyer’s Remorse: Final Blow To Stores’ Painful Holiday

Investor’s Business Daily — January 5, 2009

It’s a new year, but the weakest season for holiday retail sales since at least 1970 could worsen still. The ghost of Christmas past haunting store results is returns. The economic pinch “has created the expectation that this year’s volume of returns will be up considerably,” said Bill Angrick, chief executive of Liquidity Services (LQDT), an auction firm retailers use to dispose of returns in bulk.

Retail Woes Bring Cheer to Liquidators

Minneapolis Star Tribune — January 4, 2009

These are sunny days for the merchants of doom. Retailers across the nation may be going bankrupt, closing stores and watching unsold goods pile up, but that spells unprecedented buying — and selling — opportunities for the liquidators and salvagers who resell all that unwanted merchandise.

Shedding Excess Inventory

Chain Store Age — January 1, 2009

Retailing has always been a gamble, with inventory management perhaps the consummate game of chance. In times of economic peril, the stakes are even higher. To quote a country-music legend: “You’ve got to know when to hold ’em, know when to fold ’em, know when to walk away, know when to run.” This is the month to run—at least in terms of moving excess inventories through the point of sale at deep discounts or back through the supply chain. Although each of these venues has proved worthwhile for selling small quantities of product to consumers, the bigger challenges are off-loading large volumes of multi-million dollar inventories. For transactions on this scale, Best Buy has partnered with Washington, D.C.-based LSI, which enables the retailer to liquidate pallets and even full truck-loads of excess product.

KB Toys Quickly Shuts Downtown Plaza Store

The Sacramento Bee — December 31, 2008

KB joined Mervyns and Linens ‘n Things in shutting down in what was a grim 2008 for retailers. And retailers’ pain is only expected to continue, said Bill Angrick, chief executive officer of Washington, D.C.-based Liquidity Services, Inc., which markets and sells retail assets. Angrick expects as many as 2,600 store locations will close in the coming year as retailers “revisit their overall footprint.”

Understanding “Green” Through Liquidation

Connection Northwest Arkansas Magazine — December 1, 2008

A deeper understanding of the relationship between sustainability and supply chain efficiency continues to reveal new layers of opportunity, with the latest example including a company new to Northwest Arkansas that provides a solution to the issues of merchandise returns and store fixture disposal.

Shoppers Hit Stores but Mood Is Subdued

Wall Street Journal — November 29, 2008

Worried about getting stuck with too much merchandise, many retailers are already selling shipments of computers and other high-priced items to liquidators, even before sending them to stores. Bill Angrick, the chief executive of Liquidity Services Inc., a firm that takes excess inventory from dozens of Fortune 500 retailers and operates online clearinghouse Liquidation.com, said his auctions in days leading up to Black Friday increased more than eight times, compared to the year-earlier period.

E-Com This Holiday: More Shoppers, But Fewer Dollars

Investor's Business Daily — November 28, 2008

Small-business owners and managers also are scrounging for deals. On Thanksgiving Day, Liquidation.com handled 200 auctions, up from just 20 a year ago. The activity is a sign of the times, Angrick says. “People are online (looking for) where they can find a deal, save money and create a business opportunity,” he said.

Vertical Search Engines Look to Connect Buyers and Sellers

Internet.com — October 27, 2005

The online world appears to be dominated by mega-search engines like Yahoo and Google – where millions of businesses spend billions of dollars per year on pay-per-click advertisements. However, there’s a new search industry that’s popping up around the ‘net looking to connect buyers and sellers much more efficiently than those of the popular search engines. It’s the vertical search market, in which the buyers and sellers of specific areas of interest or industries can be found. One such example is Liquidity Services’ goWholesale.com.

Retired Marine sells myriad military surplus from his Moyock yard

Virginian Pilot — November 12, 2005

For decades, military surplus was sold by the government at hundreds of sites near military bases. Online sales now make the gear available to buyers worldwide.

Online Auctioneer Files For $86.3 Million IPO

The Washington Post — November 21, 2005

Liquidity was founded by William P. Angrick III, Jaime Mateus-Tique and Benjamin R. Brown during the height of the Internet frenzy in 1999. The three, all in their thirties, still run the 286-person company.

Alumni Profile: William P. Angrick III ’95, Asad Haroon ’88 and Jaime Mateus-Tique ’95

Kellogg World Magazine — December 1, 2005

Class of 1995 graduates William P. Angrick III and Jaime Mateus-Tique credit the Kellogg School for a solid grounding in entrepreneurship. While earning their MBA degrees, they worked through hands-on classes in new venture formulation and marketing new products, organized entrepreneurship conferences — a technology entrepreneurship conference Angrick helped found continues to this day — and participated in clubs organized around their shared interest.

goWholesale Rings in Pay-Per-Call Advertising

ADOTAS — March 7, 2006

“For the wholesale industry, having an online presence is critical in acquiring new business customers,” said Asad Haroon, General Manager of goWholesale. “Our pay-per-call advertising solution now allows a broader number of wholesale advertisers to leverage the high concentration of wholesale buyer online searches across the goWholesale network.”

Liquidity Services Wins Contract to Auction DoD Surplus in Germany

Auctionbytes — March 15, 2006

Online auction company Liquidity Services Inc. is enhancing its European operations through a new contract award finalized on February 3, 2006, with the U.S. Defense Reutilization and Marketing Service for the sale of select U.S. Department of Defense (DoD) military surplus assets located in Germany.

Executive Spotlight with Bill Angrick

Potomac Executive Biz — March 16, 2006

Liquidity Services, Inc. recently completed an IPO. The company is a leading online auction marketplace for wholesale, surplus and salvage assets. In this week’s issue, we interview Bill Angrick, CEO of Liquidity Services to discuss the company’s business model, how the IPO impacts the company, and we learn that he was a boxer in college.

Pay-Per-Call 101

iMedia Connection — April 4, 2006

The general manager of goWholesale explains how this search strategy can help small B2Bs increase direct sales leads — whether or not they have a website.

The New Liquidators

Internet Retailer — May 1, 2006

Overstocked, returned and outdated products have long been thorns in the sides of retailers. They take up valuable warehouse or shelf space that could be better used to stockpile current inventory. And perhaps more importantly, they represent lost revenue.

Using Online Auction Marketplaces to Maximize Revenue in the Reverse Supply Chain

RL Magazine — May 1, 2006

Online auction marketplaces generate higher rates of return over traditional disposition methods by providing access to a broad qualified buyer base that competes for merchandise, and thus drives the maximum pricing for the goods.

Liquidity Services fosters growth

Washington Times — September 19, 2006

Industry analysts say online auctioneer Liquidity Services’ recent investments put it on course to steady growth from its business of selling surplus goods for corporations and government agencies.

Liquidity Services buys Calif. business for $10.1M

Washington Business Journal — October 17, 2006

“The acquisition of STR strengthens LSI’s business by adding long-standing relationships with traditional discount store chain buyers as well as Fortune 500 commercial sellers,” says Bill Angrick, chairman and CEO of the D.C. company.

Go Vertical, Get Results

iMedia Connection — November 3, 2006

AJ Tools, a major wholesaler, distributor, and importer of tools and automotive accessories and general merchandise, found that using a vertical search engine has huge payoffs in attracting potential clients to their websites. In just one month of advertising on a wholesale specific search engine, AJ Tools attracted 150 new customers, received over 2,000 hits on its newly launched marketplace, www.GOTeStuff.com, and increased customer registrations on its core business platform.

Wanted: Room to roam for two retired military horses

USA Today — November 26, 2006

They aren’t the usual military surplus goods auctioned online, like scrap metal, airplane parts or fancy tents. Rojo and Ninety-Nine are 10-year-old quarter horses who have been ceremonial mounts in the 1st Cavalry Division at Fort Hood in Texas, and now they’re heading into retirement. The Defense Department’s online-auction contractor, www.govliquidation.com, says it’s looking for a loving home where the horses will have plenty of room to roam.

Military surplus items a click (or credit card) away

The Telegraph — November 27, 2006

Forget eBay, the Saturday morning yard sales, the tiresome scanning of ads in all types of publications. Everything you need or want – or at least most of it – is available after a few keystrokes on your home computer. How about four Harleys? Two cavalry horses? Aircraft? Buses? Dump trucks? Camping equipment? Metal and woodworking machines? Boats? Snow skis? Clothing and shoes? A surgical microscope? All are for sale right now to the highest bidder at the www.govliquidation.com Web site.

Using Online Resources to Source Product and Information

Off Price Apparel Magazine — December 1, 2006

To stay competitive with larger retailers and the growing number of independents, savvy retailers have learned that online sourcing can be an efficient and cost effective way to find quality inventory for resale in traditional and online stores. For the small independent, some of the best online resources come in the form of B2B online auction sites for bulk inventory, vertical search engines, online directory listings, and peer group forums.

Liquidity Services Bids for Billions

The Motley Fool — December 8, 2006

Given the size and sophistication of its platform, Liquidity Services certainly appears to be positioned to benefit from a large market opportunity. And, so far, management has been able to handle the growth. In other words, the company has the kind of ingredients that long-term investors look for.

Interview with LSI CEO, Bill Angrick

WallSt.net — December 8, 2006

William Angrick III, Chairman and CEO of Liquidity Services, Inc. (Nasdaq: LQDT) updated the investment community in an all-new interview including highlights from the company’s Q4 and FY06 earnings release.

CEOs 40 and Under

Business Week — December 18, 2006

From energy to health care, transportation to tech, the 97 men and one woman 40 years old or younger who run publicly traded companies on the NYSE and Nasdaq aren’t retiring any time soon. Bill Angrick, CEO of Liquidity Services, Inc. is included in this BusinessWeek.com slideshow that navigates the 2006 class of young CEOs.

Online Auctions Unload Excess Merchandise

Investors Business Daily — February 6, 2007

Retailers are experts at getting their goods to customers in an efficient, timely manner. Problems happen, however, when you reverse the supply chain, when retailers are stuck with surplus, returned, out-of-style or out-of-season merchandise. Liquidity Services Inc. (LQDT) says it can make the reverse supply chain as efficient as the regular one. A product of the dot-com boom and a survivor of the bust, Liquidity Services says the Internet is the best way to connect wholesale liquidation buyers with sellers.

Benefits of Liquidation

Entrepreneur Magazine Product Sourcing Show — February 19, 2007

No matter what kind of online business you have you can most likely benefit from adding liquidated goods to your product offering. The rock bottom prices provide you with a competitive edge and still let you make an excellent profit. Here to talk about what online liquidation services can do for your eBiz is Bill Angrick, Chairman and CEO of Liquidity Services Inc.

Casting a Web From Business to Business

Financial Post — May 26, 2007

“The Internet has created a business- to-business market that couldn’t have existed before,” says Paul Keung, an Internet analyst with CIBC World Markets in New York. “It has totally changed the values.” An example of this emerging business-to-business Internet growth is Liquidity Services Inc. “Liquidity has a strong B2B model with network effects and compelling value proposition,” says Mr. Keung.

Sell It Again, Sam

Business Week — June 4, 2007

LSI ranks #18 in BusinessWeek’s annual tally of the 100 hottest small companies in the U.S. By drawing thousands of buyers to a single online marketplace to win higher sales, this dot-com is reinventing the resale and surplus industries the way other internet auctioneers transformed flea markets. Analysts predict that this “reverse logistics” market will hit $63 billion in 2008. “The opportunity,” says CEO Bill Angrick, “is incredible.”

Getting a Return on Returns

NRF Stores Magazine — June 1, 2007

Customer returns have started to clog up the backroom; unsold seasonal inventory is spreading to every nook and cranny of the store — and the cost of shipping all this back through the supply chain threatens to undo the bottom line. Faced with scenarios like this, many retailers are choosing different paths for surplus merchandise — liquidation or online auctions. These are methods that can work to the advantage of both buyers and sellers. We recently spoke with Bill Angrick, CEO of Liquidity Services, an online wholesale marketplace.

Seized Cars Up for Auction

Washington Examiner — August 1, 2007

Liquidation.com, the District of Columbia’s private online auctioneer, is in the midst of its latest seized-vehicle sell-off. Liquidity Services Inc., the parent of Liquidation.com, regularly conducts auctions of city assets. Since August 2006, the District MPD has rid itself of nearly $175,000 worth of stuff, including dishwashers, lawn mowers, laptops, tires, ladders, golf clubs, camera equipment, jackhammers, bicycle frames, mixed electronics, power tools, a six-man dome tent and a portable gazebo.

eBay Live 2007: Best of Show

e-Commerce Guide — June 18, 2007

The 6th annual eBay Live conference wrapped up Saturday with Kool and the Gang helping attendees celebrate good times, but now it’s back to business. For those of you who didn’t make it to Boston, here we’ll highlight some of the exhibitors that caught our eye or made announcements.

The Best Tool for the Job: Selecting and Implementing E-Tools

Knowledge@WPCarey — October 24, 2007

“The question facing supply management professionals today might be best summarized as: How do we ensure we’re getting the most out of the e-tools available?” states a report from CAPS Research, a strategic sourcing research center co-sponsored by the W. P. Carey School of Business and the Institute for Supply Management. The center recently gathered a group of supply managers to look closely at e-tool optimization. The group’s observations became an outline of how successful companies use e-tools to improve processes and how they manage implementations. The event was sponsored by Philips Lighting Company, which was the focus of a best practices case study examined by participants. Other cases focused on PepsiCo, Sonoco Products and GlaxoSmithKline. All of these companies are using various e-tools to enhance procurement and supply efforts. However, one firm that is using an e-tool as its major product offering is Liquidity Services.

Want Items Seized by DC Police? Buy ‘Em Online

Washington Post Express — October 30, 2007

It’s possible you’ll recognize some of the items for sale at Liquidation.com — many of them came from the streets of the District. The District’s batch of items seized by police were once sold off to buyers at auctions. Now, everything from decommissioned police cruisers to cars and trucks swiped from criminals are online for prospective purchasers to page through as easily as they might surf eBay.

New Life for Unwanted Gifts — It’s High Season for Firms That Resell Returned Items

The Washington Post — December 29, 2007

Each holiday season, we relegate our unwanted gifts to the return bins of retailers across the country and never think of them again. But these items have a second life. “We help [stores] rapidly convert those excess items into cash sales,” said Bill Angrick, chief executive of Liquidity Services, a District company that works with many big-box stores. With Liquidity Services, retailers ship their unwanted merchandise to one of the company’s six distribution centers across the country as frequently as once a week. The company then inspects and sorts the goods before holding a private online auction for interested buyers, typically small businesses.

After the holidays, many unwanted gifts are returned. Where do they go?

Fox News — January 8, 2008

Ever wonder what happens to all those gifts that are returned after the holidays? They are sold and big discounts to the rest of us and Fox News interviews Bill Angrick, CEO of Liquidity Services, Inc.

Unloved Christmas Gifts Get New Life

Orange County Register — January 12, 2008

The world’s largest stores have efficient systems for finding, buying, shipping, stocking and selling merchandise. But in the past, they haven’t been as efficient at getting rid of the unsold, damaged or returned inventory. Thanks to the Internet and companies like Liquidity Services Inc.,this back end activity, called reverse logistics, is becoming more efficient, the retailers are getting more money for their surplus, and an entire sector of small businesses is thriving.

Buyers & Sellers Win with Liquidation.com

Web Wholesaler — February 1, 2008

You might think that a website like Liquidation.com would balk at the suggestion that it is, “the eBay for wholesale liquidations.” Considering the comparison, it is a heavy statement. However, the description is right on the money, especially considering how the online auction destination has grown since being founded just a few years ago. Sales for its parent company, Liquidity Services, Inc. (NASDAQ: LQDT), have seen an annual compounded growth rate of 37 percent over the last 5 years, while commercial sales have surged 137 percent in the last year alone.

Pentagon Selling Aviation History

Reuters — April 17, 2008

From the Cold War to the space race, from Vietnam to Iraq, the U.S. military is selling bits and pieces of its aviation history. In 16-square-inch (100-sq-cm) bits and pieces, to be precise. Around 2,000 obsolete warplanes and other aircraft owned by the U.S. Defense Department will go on a virtual auction block next week as the Pentagon takes advantage of a boom in scrap metal prices to make some money.

Auction Will Leave Ferry’s Fate in Hands of Highest Bidder

Atlanta Journal Constitution — May 28, 2008

The state of Georgia is auctioning off a 60-foot-long ferry used since the late 1970s to carry up to 149 passengers at a time to coastal Sapelo Island. The auction company, a subsidiary of Liquidity Services Inc., sells surplus property for more than 200 local, county and state government entities and agencies in Georgia — it handles items for about 1,600 governments and public utilities nationwide.

Liquidation.com Announces New Product Vertical to Sell Retail Store Fixtures and Equipment

Internet Retailer — June 16, 2008

The online auction marketplace will allow professional buyers to review photos and detailed product information at Liquidation.com. They also can physically see items in one of the five distribution centers Liquidation has throughout the U.S.

Firms Tackle Government Chores

Wall Street Journal — June 17, 2008

Small companies are making a business out of helping local government agencies. Many municipalities are overburdened by time-consuming and complicated tasks like auctioning off unclaimed stolen goods, unloading unwanted supplies and collecting unpaid traffic fines. Last fall, Nancy Reichman, purchasing officer for the Buncombe County Schools based in Asheville, N.C., started using auction site GovDeals.com to get rid of the district’s old and unneeded merchandise, including trucks, vans, washers and dryers, air conditioners and stoves.

Local Liquidator Flourishes in a Tight Market

The Washington Post — July 10, 2008

While some firms are simply trying to stay afloat during this national economic slump, D.C.-based Liquidity Services is finding a booming market thanks to online bargain seekers. The company has about 900,000 registered buyers, most of whom are small businesses. Liquidity sells overstocked or returned goods from retailers, including some Fortune 500 companies, and the government. Many of the small firms buy from Liquidity and then refurbish and repackage the goods to sell to customers.

The 200 Best Small Companies

Forbes Magazine — October 8, 2008

Liquidity Services, Inc. is a newcomer to the Forbes Magazine 200 Best Small Companies, ranking #26.

These 7 Sites a Good Fit for Tight Wallets

Indianapolis Star — October 18, 2008

If you’re an auction junkie and the Marion County tax sale wasn’t enough for you this week, go to this www.govliquidation.com to get access to auctions going on across the country. Auctions can be great opportunities to save money on things that you want and need. The site boasts 500 categories of government surplus, ranging from audio equipment to PCs to scrap metal. Thousands of items go up on the Web site weekly.

In Need of Cash, States Auction Goods Online

Associated Press — November 21, 2008

Alaska Gov. Sarah Palin isn’t the only government official hawking goods online. With the economy continuing to tumble, more state and local governments are using the Web to clear out inventory and bolster deflated budgets. Joseph Hamrick, a 59-year-old construction worker from Goose Creek, S.C., got hooked on one such Web site, GovDeals.com, about five months ago. Since then, he’s gotten good deals on a 1999 Dodge truck in great condition, 36 bicycles and more than 2,000 brand-new T-shirts, among other things — much of which he gives away to charity and co-workers.

For Stores, the Holiday Season May Already Be Over

Associated Press — November 26, 2008

The holiday shopping season begins Friday with a blitz of early morning specials. For some merchants, though, it’s practically over already. At warehouses operated by Liquidity Services Inc., a leading online auction company for surplus goods, there are rows and rows of pallets of offloaded merchandise ranging from jewelry to consumer electronics. At the company’s Liquidation.com, which auctions surplus goods offered by stores and manufacturers to dollar stores and small businesses that sell on eBay, the number of auctions scheduled for the Thanksgiving weekend has soared to 2,100 – eight times more than last Thanksgiving, said chief executive Bill Angrick. In other words, what normally happens after Christmas is taking place this weekend, he said.

Boom Times for Stock Liquidation Site

Financial Times — November 27, 2008

While US shoppers search the stores for post-Thanksgiving bargains, small businesses that buy and sell excess stock are being offered even more extreme deals this winter, as leading retailers struggle to shrink their inventories. Liquidation.com, a web-site that stages auctions of excess products, or those that have been returned, says it has had an increase of “about 800 per cent” in the number of auctions currently on its site compared to last year.

goWholesale Adds PPC, Expands Network

IMedia Connection — October 12, 2005

goWholesale’s search engine network includes the recently acquired search engine, Wholealesale411, and hundreds of other sites that attract wholesale buyers such as traditional retailers, discount stores, e-tailers, dollar stores, eBay Power Sellers and traditional businesses specifically seeking wholesale goods.