Liquidity Services to conduct online asset sales for Hazelwood Power Station in Victoria, Australia

VICTORIA, Australia, July 24, 2017 /PRNewswire/ -- Liquidity Services (NASDAQ: LQDT), a global solution provider in the reverse supply chain with the world's largest marketplace for business surplus, has been appointed as the exclusive sale agent for the sale of surplus assets by ENGIE in Australia's, Hazelwood Power Station facility located in the Latrobe Valley, Australia.

The assets will be posted on the GoIndustry Dovebid marketplace, a Liquidity Services marketplace where more than 5 million of industrial machinery assets from small, medium-size and Fortune 1,000 companies have been sold to a global audience of registered industry buyers. The marketplace will represent varying asset and equipment types used to support and maintain the Hazelwood Power Station. Types of assets will include shipping containers, Metalwork, Maintenance, Boiler Maker and Fabrication Tools & Machinery, Tooling & Stock Cabinets, IT Equipment, Test & Measurement Apparatuses, Lifting & Rigging Ancillaries, Office Equipment, General Warehouse Equipment, Electric Motor, Pumps, Metals Stock and much more.

On Tuesday, 5 September 2017, Liquidity Services will commence the first auction, which will be an unreserved auction, with all bids starting at AU$25.00. Consecutive auctions and more information regarding the unreserved auction can be found on ENGIE in Australia's website under the Hazelwood Closure page -- Hazelwood Upcoming Sales. .

"The auctions will provide local, national and international buyers an opportunity to start up small businesses or possibly upgrade and diversify their current business," said by Jeff Morter, Managing Director for Liquidity Services Australia. "With nearly three million buyers in almost 200 countries and territories, Liquidity Services has seen the impact of similar closures, and how surplus assets can empower small to mid-size companies."

Contact:
Jeff Morter
Managing Director
Liquidity Services Global Solutions Pty Ltd
+61 475 555 885
Jeff.morter@liquidityservices.com

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SOURCE Liquidity Services Inc