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NEWS
LSI Honored
for Growth
LIQUIDITY SERVICES Inc. (LSI),
a leading online auction market-
place for wholesale surplus and
salvage assets, was recognized
recently by The Washington
Business Journal as one of the
50 Fastest Growing Companies
in Greater Washington. Recog-
nized for the third consecutive
year, LSI received the honor at an
evening awards reception, held in
October at the Carnegie Institu-
tion for Science in Washington,
DC. LSI achieved more than 33
percent annual revenue growth
from 2006 to 2008 as a result
of increased demand for its on-
line auction marketplaces, and
related services for commercial
and government clients. In addi-
tion to revenue growth, LSI grew
its Gross Merchandise Volume
(GMV), or total sales across its
marketplaces, from $173 million
in 2006 to $360 million in 2008,
which represents an annual
growth rate of 44 percent.
During the 12 months ended
June 30, LSI recorded GMV of
$363 million, and attracted more
than 200,000 new registered buy-
ers, to achieve a critical mass of
nearly two million auction par-
ticipants bidding for inventory
across its marketplaces, includ-
ing the following websites: www.
liquidation.com, www.govliqui-
dation.com, www.govdeals.com
and www.liquibiz.com. “LSI’s
outstanding growth demonstrates
that large organizations are in-
creasingly relying on our online
continued on page 18
14 December 2009 www.covermag.com
MENTION

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