Market Overview

TVA Conducts Steam Warehouse Liquidation Sale via Online Auction

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MEMPHIS, Tenn., Aug. 03, 2018 (GLOBE NEWSWIRE) -- The Tennessee Valley Authority is currently selling the entire stock of items from the Allen Fossil Plant in Memphis, TN on the online government auction website GovDeals.com.

Steam Plant Warehouse Liquidation
Lot of Various Content



The auction consists of upwards of 110 stocked Stanley Vidmar cabinets, various pipe racks, fittings, and various other contents from the steam plant warehouse. Pictures and a full list of items included in the lot can be found on the auction page.

All items are available for sale as one lot. The auction opens with a starting bid of $50,000 and will be sold to the highest bidder once the undisclosed reserve amount is reached. The auction is open to the public and all interested buyers can bid until the closing date of August 6th, 4:35pm ET.

TVA advises they will have staff waiting on site, dedicated to assisting the buyer with loading and removal of the auction lot. The winning bidder will have until Friday, August 31, 2018 to remove all items from the seller's location.

Anyone interested in bidding on the contents of the warehouse must be a registered bidder on GovDeals.com. Bidder registration is easy and free and can be completed by clicking "Register" at the top of the home page.

Buyers interested in bidding on any of TVA's items can view their ongoing auctions at www.govdeals.com/TVA

About GovDeals and Liquidity Services, Inc.

GovDeals, Inc. is a subsidiary of Liquidity Services. Liquidity Services (NASDAQ:LQDT) employs innovative e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The company operates a network of leading e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering over 500 product categories. Our superior service, unmatched scale and ability to deliver results enable us to forge trusted, long-term relationships with over 10,000 clients worldwide. With nearly $7 billion in completed transactions, and 3 million buyers in almost 200 countries and territories, we are the proven leader in delivering smart commerce solutions. Visit us at LiquidityServices.com.

Media Contact:

Angela Jones                            Regina Aycock
GovDeals    Tennessee Valley Authority 
334-387-0515    (256) 762-9501
ajones@govdeals.com   reaycock.tva.gov

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e15d86a4-3039-420d-9e6b-8ac362ea60eb

 

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