Liquidity Services, Inc., a Major Source for Bulk Surplus, to Sell Online

Market Wire, 20050229

Liquidity Services, Inc., the leading global provider of full-service solutions to the commercial and public sector for the disposition of surplus assets, has become a leading source for bulk surplus for online entrepreneurs.

According to a recent survey conducted by the company, 54% of surplus buyers source their inventory from online auctions such as those held by Liquidity Services. About 65% of these surplus buyers then use online resale venues such as their websites and eBay to sell items to end users.

Because of its reliability with online resellers, Liquidity Services is ranked as Paypal's #1 bulk source for inventory. Many professionals have turned to the surplus industry and online venues to subsidize their incomes in a floundering economy. Using www.liquidation.com & www.govliquidation.com, two marketplaces operated by Liquidity Services, online resellers are able to stock entire inventories from electronics, computers, toys, jewelry, military vehicles and military apparel.

Steve Harman, former computer engineer, turned to Liquidity Services for creative ways to make money. After a layoff in August 2000, Harman was able to source 900 TrueFit jockstraps from Liquidation.com, a division of Liquidity Services, and resell them on eBay. Harman now sells a variety of goods from televisions to apparel items.

Mike Enos sells upwards of $25,000 a month on eBay, making him an eBay Platinum PowerSeller. He sources a large part of his inventory from Liquidity Services. "Liquidity Services provides me with quality products at great prices - there's no better surplus source for eBay sellers on the web today." Enos has written an e-book on selling on eBay, which is featured on his site (www.platinumpowerseller.com) and he will be talking about his success during the Liquidity Services session at eBay Live! Orlando, Florida.

"Online Power Buying: Sourcing Bulk Surplus Products" will be presented by Pat Hughes, an eBay PowerSeller, and Asad Haroon, Vice President of Business Development and Marketing for Liquidity Services, Inc. on June 26, 2003 in room 230C of the Orange County Convention Center, Orlando, Florida. Liquidity Services will be exhibiting in booth 410 at the Orange County Convention Center.

About Liquidity Services, Inc.

Liquidity Services, Inc. and its subsidiaries enable government agencies, businesses and financial institutions to convert surplus and idle assets into cash quickly and conveniently. The Company manages two business units: Liquidation.com (www.liquidation.com), a provider of asset recovery services for businesses and the public sector, and Government Liquidation, LLC (www.govliquidation.com), the exclusive partner of the U.S. Department of Defense for the sale of all usable U.S. military surplus. The privately held company is based in Washington D.C. It employs 200 people. www.liquidityservicesinc.com.

Contact: Carrol Van Stone Voice: 304-876-2065