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Home > Investors > News Releases > 2004 >Liquidation World Announces First Quarter Revenue
Calgary, January 8, 2004
Liquidation World Inc. (LQW – TSX) announces revenue for the first quarter of the 2004 fiscal year. Revenue for the 13 weeks ended January 4, 2004 increased 4% to $51.1 million from $49.1 million during the 13 weeks ended January 5, 2003.
Complete financial results of the first quarter of the 2004 fiscal year will be announced in February 2004.
Liquidation World also announces an additional closure of a non-performing outlet. This is in addition to the three previously announced on December 12, 2003, bringing the current total to four that will close on various dates during the first and second quarter of fiscal 2004. Liquidation World will also open an additional outlet bringing the total number of outlets currently scheduled to open in fiscal 2004 to four.
About Liquidation World
Liquidation World Inc. offers a uniquely diversified menu of solutions for organizations with asset recovery issues. Services include auctions, reverse logistics, and processing, store closure sales management, turnaround consulting, and retail liquidations of consumer merchandise through 98 outlets across North America. Liquidation World solves asset recovery problems, in a professional manner, for the financial services industry, insurance companies, manufacturers, and other organizations. Liquidation World opened its first retail outlet in 1986 and is now the largest liquidator in Canada, with more than 1,600 employees in outlets and offices across Canada and the United States.
For more information, please contact:
Mr. Darren Gillespie, Senior Executive Vice President & Co-C.E.O.
E-mail: darreng@liquidationworld.com
Website: www.liquidationworld.com
Telephone (604) 589-7111, ext. 223
Fax: (604) 583-2255
Mr. Andrew Searby, C.A. Chief Financial Officer
E-mail: investorinfo@liquidationworld.com
Website: www.liquidationworld.com
Telephone (403) 250-1222
Fax: (403) 291-1306