DLA continues surplus sales contract

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WASHINGTON, Sept. 17 (UPI) -- The U.S. Defense Logistics Agency has extended for one year its contract to Liquidity Services Inc. to sell surplus military equipment.

The extension is the second of two extension options under the Surplus Useable Property sales contract. The first option extended company services to February.

"We are pleased to announce the extension of the DLA contract for the sale of surplus assets," said Bill Angrick, chairman and chief executive officer of Liquidity Services.

"This builds upon our 11 years of proven experience as an innovative and trusted solution provider in support of a critical government mission to keep surplus and idle inventories moving out of more than 200 Department of Defense facilities nationwide in a secure and efficient manner.

"Over the past decade-plus, Liquidity Services has sold close to 2 billion pounds of scrap material and over 55 million Department of Defense surplus items through its marketplace, generating over half a billion dollars back to the U.S. Treasury and consistently exceeding historic expectations."

Liquidity Services is an online marketplace for surplus corporate and government equipment.