Online auction company Liquidity Services Inc. is enhancing its European operations through a new contract award finalized on February 3, 2006, with the U.S. Defense Reutilization and Marketing Service for the sale of select U.S. Department of Defense (DoD) military surplus assets located in Germany. The contract has a term of three years and covers the sale of all surplus vehicles and vehicular parts, components and equipment throughout Germany as well as all miscellaneous equipment and supplies located at DRMS facilities in Kaiserslautern and Germersheim.

Liquidity Services will leverage its European presence to provide value-added reverse logistics services for the management and remarketing of DoD surplus assets in Germany. These services include warehousing, inventory management and tracking, manifest creation, photographing items, lotting, and outbound fulfillment. LSI will also prepare merchandise for sale on its online auction marketplaces and will market the inventory to professional wholesale and surplus buyers throughout Europe and Asia.

Liquidity Services operates three online auction marketplaces, Liquidation.com, Government Liquidation and UKsurplus.

http://www.liquidityservicesinc.com