Liquidity Services, Inc. Acquires TruckCenter
June 1, 2011 WASHINGTON D.C. - We are pleased to announce that TruckCenter has joined forces with Liquidity Services, Inc. (NASDAQ: LQDT), the leading online marketplace for surplus assets. Through LSI’s various marketplaces, surplus assets have been sold across the government (GovLiquidation, GovDeals), capital assets (Network International, LiquiBiz) and retail (Liquidation.com, UK-Liquidation.com) sectors. TruckCenter’s operating and sales team will have the added benefits of being part of a large public company and the acquisition allows for additional resources and capital to be utilized to improve and expand the business for our sellers and buyers.
Liquidity Services, Inc. is headquartered in Washington D.C. (with offices throughout US, Europe and South America) and employees 700 employees. It has 1,500,000 registered buyers that buy surplus assets in over 600 product categories. The company has completed $1,000,000,000 in online auction sales since 2000 and has 54,000,000+ annual online searches in their marketplace. Additionally, LSI owns 6 warehouses across the US, representing over 1,300,000 ft2 for consolidated property management – indoor and outdoor storage capability.
Being a part of LSI will give TruckCenter consignors maximum exposure to buyers around the globe in a competitive online and onsite market and return greater pricing for the assets. Buyers will also be exposed to greater asset opportunities and choices in order to improve their chances of getting the item they want. |
| TruckCenter.com, conducts Land-Based and Internet Public Auctions of Transportation Assets from its five company-owned permanent facilities in; Atlanta, GA.; New Castle, DE.; Indianapolis, IN.; Dallas/Fort Worth, TX. and; Los Angeles, CA. |  | TruckCenter.com makes it easy for Buyers and Sellers to gather necessary information about available assets with complete asset descriptions and specifications, detailed condition reports, and a minimum of twelve (12) high-resolution digital pictures. | | We are currently accepting consignment for all upcoming auctions, click here to have TruckCenter sell your trucks, tractors, or trailers. |
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