AllSurplus Selected to Conduct Surplus Online Auction

BETHESDA, Md., Sept. 09, 2022 (GLOBE NEWSWIRE) — Liquidity Services (NASDAQ: LQDT), one of the world’s leading trading companies powering the circular economy, today announced the auction of energy surpluses in the Gulf of Mexico for an oil leader and gas industry partner. Tubular, drilling and completions equipment is currently available until 5:00 p.m. EDT September 14, 2022 on AllSurplus.com, the largest online marketplace for surplus commercial assets.

“As energy projects come to an end, excess materials present a supply opportunity for many companies,” said Jeff Morter, director of energy sales at Liquidity Services. “With current lead times for new materials being a challenge caused by supply chain disruptions, immediate availability is of immense value to companies looking to meet current demand.”

To place a bid, buyers must create an account by completing the free registration form at AllSurplus.com.

About AllSurplus
AllSurplus is the world’s leading marketplace for surplus business assets, ranging from heavy equipment to transportation assets and industrial machinery. AllSurplus is the smarter and faster way to sell inventory and equipment because sellers can directly launch and manage their listings in just days with more control and lower fees than traditional auction solutions. AllSurplus is powered by one of the most experienced and trusted companies in the Surplus industry: Liquidity Services (NASDAQ: LQDT), which has supported millions of clients around the world. AllSurplus buyers have direct access to all surplus assets on Liquidity Services’ network of marketplaces in one centralized location.

About Liquidity Services
Liquidity Services (NASDAQ: LQDT) operates the world’s largest B2B e-commerce marketplace platform for surplus assets with over $10 billion in transactions from over 4.8 million qualified buyers and 15,000 corporate and government vendors worldwide. It supports its customers’ sustainability efforts by helping them extend the life of assets, prevent unnecessary waste and carbon emissions, and reduce the number of products going to landfill.

Contact:
Nancy Sloan
Director, Brand and Integrated Marketing Communications
(561) 339-8613
[email protected]

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/b6fdc593-99a6-4cbc-9f39-babc8e5379f7

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