Liquidity Services Announces the Launch of its Network International Energy Marketplace on New E-commerce Platform

Completely Redesigned Site Offers Buyers and Sellers a Streamlined
User Experience, and Enhanced Functionality and Greater Access to
Surplus Assets on a Global Scale

WASHINGTON–(BUSINESS WIRE)–Liquidity
Services (NASDAQ: LQDT), a global solution provider in the reverse
supply chain with the world’s largest marketplace for business surplus,
today announced the launch of its Network
International (www.networkintl.com)
energy marketplace on its new LiquidityOne e-commerce platform.
Key enhancements offer buyers and sellers a more attractive and updated
responsive design, engaging user experience and improved functionality
that provides greater visibility and access to a universe of surplus
energy assets. This launch marks a significant deployment in the
company’s LiquidityOne transformation (LOT) initiative.

“We are excited to reintroduce Network
International on our new e-commerce platform and invite the energy
industry to visit our marketplace at www.networkintl.com
to experience its next generation functionality first-hand,” said
Gardner Dudley, president of Liquidity Services’ Capital Assets Group.
“Going forward, buyers will have a much more intuitive and efficient way
to search for assets, and transactions will be consolidated into a
single ‘My Account’ page where they can also view their bid history,
manage their preferences and access their watch list.”

Additional platform features include: search and filter capabilities by
asset category, condition, sale type, seller and location; dual language
selection in English and Spanish; default time zone selection; and, new
shopping cart and invoicing functionality.

“Our new Network
International marketplace will provide existing and first-time
global buyers with an enhanced platform that will help them find high
quality assets to support their businesses and help sellers maximize the
value of their surplus assets,” said Bill Angrick, chairman and chief
executive officer of Liquidity Services. “With today’s launch, we have
achieved another milestone in our LiquidityOne transformation
initiative. Our new LOT platform supports Network International from
sales opportunity creation, through asset loading, invoicing, and final
settlement bringing us one step closer to consolidating our legacy
systems and processes into a new enterprise-wide solution.”

Network
International is Liquidity Services’ e-commerce marketplace where
more than 150 categories of energy-related assets from small,
medium-size and Fortune 1000 companies are sold to a global base of
three million registered buyers in almost 200 countries and territories.
More than 80,000 oil and gas transactions have been completed to date in
nearly every asset category including equipment related to drilling,
construction, pipelines, power generation, oilfield production,
refineries, petrochemical units and more.

After providing brief registration
information, interested buyers can bid on assets for sale on Network
International or other Liquidity Services marketplaces.

About Liquidity Services

Liquidity Services (NASDAQ: LQDT) employs innovative e-commerce
marketplace solutions to manage, value and sell inventory and equipment
for business and government clients. The company operates a network of
leading e-commerce marketplaces that enable buyers and sellers to
transact in an efficient, automated environment offering over 500
product categories. Our superior service, unmatched scale and ability to
deliver results enable us to forge trusted, long-term relationships with
over 10,000 clients worldwide. With nearly $7 billion in completed
transactions, and 3 million buyers in almost 200 countries and
territories, we are the proven leader in delivering smart commerce
solutions. Visit us at LiquidityServices.com.

Contacts

Liquidity Services
Jeanette Hanfling, 202-467-5723
Director of
Public Relations
[email protected]