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Former Amazon Exec Joins Liquidity Services, Inc. As President of its Asset Recovery Division

Cayce Roy Brings Extensive E-Commerce and Retail Supply Chain Expertise to LSI

September 05, 2008

WASHINGTON-(BUSINESS WIRE)-Sept. 5, 2008—Liquidity Services, Inc. (NASDAQ:LQDT), a leading online auction marketplace for wholesale surplus and salvage assets, is pleased to announce the appointment of Cayce Roy to its executive management team as Executive Vice President and President of its Asset Recovery Division. Mr. Roy will be responsible for scaling the current leadership position of LSI’s commercial asset recovery business to drive its market expansion and capitalize on the substantial growth opportunities within the $60 billion reverse supply chain market.

Mr. Roy brings to LSI over 20 years of experience managing sophisticated and high performance e-commerce, business-to-business services and logistics organizations. From 2000 to 2007 Mr. Roy led some of the fastest growing and largest business units within Amazon.com, Inc. that were responsible for driving Amazon’s rapid growth into the world’s largest online retailer. Most recently, Mr. Roy served as Vice President and General Manager of Amazon Services, LLC, focused on providing e-commerce, marketplace, fulfillment, and technology solutions to Fortune 1000 and small business customers. During his tenure, the group became one of Amazon’s largest and fastest growing units by serving large traditional and online retailers and small and mid-size merchants. Prior to this, Mr. Roy led Amazon’s North American fulfillment operations through a critical period of growth and development, delivering significant innovations that enabled it to achieve the highest quality service levels at far greater efficiencies and scale. In this role, Cayce was responsible for all aspects of Amazon’s fulfillment operations spanning 20 facilities, up to 10,000 employees at peak operation and over ten million units shipped annually. During most of the 1990’s Mr. Roy served with TNT Post Group in Europe overseeing global field operations and business process improvement for TNT’s Express Division, a global leader in distribution, logistics and parcel delivery, with over $3 billion in revenue and over 1000 depots in 200 countries.

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