Liquidity Services, Inc. (NASDAQ: LQDT) is pleased to announce that its Government Liquidation marketplace (
) has been selected to receive the U.S. Defense Logistics Agency (DLA) Vendor Excellence Award for Large Business. The award is in recognition of Liquidity Services’ continued performance and demonstrated overall excellence in managing the U.S. Department of Defense’s (DOD) surplus and scrap sales activities with superior product quality, customer service, reliability, dependability, consistency and accuracy.
Liquidity Services and its leadership team will be presented with the prestigious Vendor Excellence Award at this year’s Business Alliance Awards ceremony at Fort Belvoir, Virginia on October 23, 2012. This is the fourth award Liquidity Services has received from the DLA on behalf of its Government Liquidation marketplace.
Over the past decade, Liquidity Services has sold close to two billion pounds of scrap metal and over 55 million DOD surplus items through its marketplace
, generating over half a billion dollars back to the U.S. Treasury and consistently exceeding historic expectations. Top priority remains on maximizing efficiency while adhering to safety, environmental and security compliance.
“We are part of a critical government mission to keep surplus and idle inventories moving out of facilities nationwide in a secure and efficient manner and are honored that the DLA has recognized our team as a superior and dependable vendor,” said Tom Burton, President of Liquidity Services’ Government Liquidation business. “We receive 10,000 surplus items per week and 20-30 million pounds of scrap metal per month at military installations across the country, all of which are identified, processed and prepared for auction. This award is a direct reflection of the hard work and outperformance of our staff and its unyielding commitment to maximizing efficiency and recovery value for our government partner while protecting our nation’s security and maintaining 100 percent compliance with each sale.”