BETHESDA, Md., March 08, 2021 (GLOBE NEWSWIRE) — Liquidity Companies, Inc. (NASDAQ: LQDT; www.liquidityservices.com), the world’s largest B2B e-commerce market for enterprise and authorities surplus, introduced right now that its Board of Administrators has licensed a brand new share repurchase program of as much as $10,000,000 of the Firm’s frequent inventory. The repurchase program will begin right now and expire on March 31, 2023. The timing and precise variety of shares repurchased will depend upon a wide range of elements, together with worth, normal enterprise and market circumstances, and the existence of other funding alternatives. The repurchase program can be executed per the Firm’s capital allocation technique of prioritizing funding to develop the enterprise over the long run.
Below the repurchase program, repurchases might be made every now and then utilizing a wide range of strategies, together with open market purchases, all in compliance with the principles of the US Securities and Change Fee (the “SEC”) and different relevant authorized and regulatory necessities.
The repurchase program doesn’t obligate the Firm to amass any specific quantity of frequent shares, and the repurchase program could also be suspended or discontinued at any time on the Firm’s discretion.
This doc incorporates forward-looking statements made pursuant to the Personal Securities Litigation Reform Act of 1995. These statements are solely predictions. The result of the occasions described in these forward-looking statements is topic to recognized and unknown dangers, uncertainties and different elements that will trigger our precise outcomes, ranges of exercise (together with the extent of our share repurchase exercise, if any), efficiency or achievements to vary materially from any future outcomes, ranges of exercise, efficiency or achievements expressed or implied by these forward-looking statements. These statements embrace, however usually are not restricted to, statements concerning the Firm’s enterprise outlook; anticipated future outcomes; anticipated future efficient tax charges; and tendencies and assumptions about future durations. You may determine forward-looking statements by terminology corresponding to “might,” “will,” “ought to,” “might,” “would,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continues” or the unfavorable of those phrases or different comparable terminology. Our enterprise is topic to a lot of dangers and uncertainties, and our previous efficiency is not any assure of our efficiency in future durations. Though we consider that the expectations mirrored within the forward-looking statements are cheap, we can not assure future outcomes, ranges of exercise, efficiency or achievements.
There are a number of dangers and uncertainties that might trigger our precise outcomes to vary materially from the forward-looking statements on this doc. Necessary elements that might trigger our precise outcomes to vary materially from these expressed as forward-looking statements are set forth in our filings with the SEC every now and then, and embrace, amongst others, potential financial and operational impacts associated to the COVID-19 pandemic, particularly if there’s a rise in COVID-19 deaths that precipitates re-closures or prolonged restrictions on worldwide journey; the affect of the COVID-19 pandemic on our Firm, our staff, our sellers and patrons, and international provide chains; disruptions of transactions because of the COVID-19 pandemic, together with the affect of such disruptions on the Firm’s capability to generate earnings, stabilize or develop GMV or precisely forecast transactions; disruptions within the Firm’s workforce as a outcomes of the Firm’s efforts to restrict of the affect of the COVID-19 pandemic on the Firm’s operations and monetary situation; and the dangers and uncertainties set forth within the Firm’s Annual Report on Kind 10-Ok for the yr ended September 30, 2020 and within the Firm’s Quarterly Report on Kind 10-Q for the quarter ended December 31, 2020, which is offered on the SEC and Firm web sites. There could also be different elements of which we’re at the moment unaware or which we deem immaterial that will trigger our precise outcomes to vary materially from the forward-looking statements.
All forward-looking statements attributable to us or individuals performing on our behalf apply solely as of the date of this doc and are expressly certified of their entirety by the cautionary statements included on this doc. Besides as could also be required by legislation, we undertake no obligation to publicly replace or revise any forward-looking assertion to mirror occasions or circumstances occurring after the date of this doc or to mirror the prevalence of unanticipated occasions.
About Liquidity Companies
Liquidity Companies (NASDAQ:LQDT) operates main e-commerce marketplaces that allow patrons and sellers to transact in an environment friendly, automated setting providing over 600 product classes. The corporate employs progressive e-commerce market options to handle, worth and promote stock and tools for enterprise and authorities sellers. Our superior service, unmatched scale and talent to ship outcomes allow us to forge trusted, long-term relationships with over 14,000 sellers worldwide. With over $eight billion in accomplished transactions, and greater than 3.eight million patrons in nearly 197 international locations and territories, we’re the confirmed chief in delivering good B2B e-commerce options.
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