Liquidation.com

About Liquidation.com

Liquidation.com operates as a key online auction marketplace for business-to-business transactions, specializing in surplus and returned merchandise. It is a brand of Liquidity Services, Inc., a publicly traded company that provides comprehensive solutions for managing and selling surplus assets for both corporate and government clients. The parent company, Liquidity Services, was founded in November 1999 by William P. Angrick III, who was soon joined by co-founders Jaime Mateus-Tique and Ben Brown. Liquidation.com was the company's first marketplace. Angrick, currently the Chairman and CEO, leveraged his prior experience in investment banking to address the inefficient market for surplus goods. The company was established to create a more transparent and professional solution for asset disposition by using e-commerce to connect supply and demand. Liquidity Services went public on the NASDAQ (LQDT) on February 23, 2006. The business model centers on a two-sided marketplace. On one side, it serves large retailers and manufacturers by providing a channel to sell excess inventory, customer returns, and shelf-pulled goods. On the other side, it provides an opportunity for entrepreneurs and small businesses to source discounted inventory for resale. The platform operates primarily through online auctions where lots, ranging from single pallets to full truckloads, are sold to the highest bidder. Revenue is generated from a share of the proceeds from assets sold. Liquidation.com offers a vast array of product categories, including consumer electronics, apparel, computers, home goods, and industrial equipment, with asset conditions ranging from new to salvage. The platform has served over 15,000 clients and has completed more than $10 billion in transactions with a global buyer base of over five million registered users.