Liquidity Services Supports Ukraine Relief Programs

Rhea-AI Summary

Liquidity Services (NASDAQ: LQDT) has announced a new initiative to support Ukrainian relief efforts amid the ongoing humanitarian crisis. The company is committed to matching all contributions from employees and marketplace participants to Mercy Corps. Additionally, it will donate $25,000 to five organizations aiding displaced Ukrainians.

Positive

• Liquidity Services is actively supporting humanitarian efforts through direct contributions and employee matching donations.
• The company is engaging with reputable organizations like Mercy Corps, ensuring funds are directed effectively.

Negative

• None.

The company pledges to match all community contributions to Mercy Corps and directly contribute $25,000 to five organizations helping displaced Ukrainians

BETHESDA, Md., March 08, 2022 (GLOBE NEWSWIRE) --

Liquidity Services, (Nasdaq:LQDT), a leading global commerce company powering the circular economy, today announced a new relief initiative to provide support to those affected by the conflict in Ukraine.

As an industry leader building a better future for people, organizations and the planet, Liquidity Services believes in Doing Well and Doing Good. During this time of crisis in Ukraine, Liquidity Services has launched a fundraising campaign to aid in Ukraine relief efforts and is committed to matching all employee and marketplace participant contributions to Mercy Corps to help victims obtain needed resources. It will also directly contribute $25,000 to five Ukraine relief organizations including:

• Mercy Corps
• World Central Kitchen
• Global Empowerment Mission
• International Committee of the Red Cross
• Global Giving
  

“With the developing humanitarian crisis in Ukraine, we believe it’s our duty to use our platform to support relief and rebuilding efforts. As a global company, we have team members in the area and we want to do everything we can to support them and others during this time,” said Bill Angrick, Chairman and CEO.

Liquidity Services’ direct contribution will be distributed evenly to the five named relief organizations. All donations will help fund humanitarian efforts and disaster relief to Ukrainians in need of resources. Visit the Liquidity Services Ukraine Relief page to see the full list of supported organizations.

About Liquidity Services
Liquidity Services (NASDAQ: LQDT) operates the world’s largest B2B e-commerce marketplace platform for surplus assets with over $9 billion of completed transactions, to more than 4.7 million qualified buyers and 15,000 corporate and government sellers worldwide. It supports its clients’ sustainability efforts by helping them extend the life of assets, prevent unnecessary waste and carbon emissions, and defer products from landfills.

FAQ

What initiative did Liquidity Services announce regarding Ukraine?

Liquidity Services announced a fundraising initiative to support Ukrainian relief efforts, committing to match all community contributions.

How much is Liquidity Services donating to Ukrainian relief organizations?

Liquidity Services is directly contributing $25,000 to five organizations aiding displaced Ukrainians.

Which organizations will receive donations from Liquidity Services for Ukraine relief?

Liquidity Services will donate to Mercy Corps, World Central Kitchen, Global Empowerment Mission, International Committee of the Red Cross, and Global Giving.

What does Liquidity Services' matching donation program involve?

Liquidity Services will match all contributions made by employees and marketplace participants to help support victims of the Ukraine crisis.