Liquidation World Inc.
TSX : LQW

Liquidation World Inc.

January 25, 2008 16:02 ET

Liquidation World Announces Executive Change

BRANTFORD, ONTARIO--(Marketwire - Jan. 25, 2008) - Liquidation World Inc., (TSX:LQW) announces that Mark Calaiezzi will be leaving the Company effective February 15, 2008.

Mr. Calaiezzi was hired in conjunction with the relocation of Liquidation World's corporate offices from Calgary to Brantford and, as previously announced, it was intended that Mark would succeed Andrew Searby in the role of CFO.

Liquidation World President and CEO Jonathan Hill commented, "After reflecting on his career objectives and interests, it was concluded that the fit with Liquidation World was not ideal. We respect Mark's decision and wish him well in his future pursuits."

Mr. Searby, who had elected not to relocate to Brantford from Calgary, had previously agreed to continue in the role of CFO until a transition is completed. He will be staying on with the company until that time to ensure continuity and an effective transition.

About Liquidation World

Liquidation World liquidates consumer merchandise through 106 retail outlets. The Company solves asset recovery problems in a professional manner for the financial services industry, insurance companies, manufacturers, wholesalers and other organizations. Liquidation World is based in Brantford, Ontario and maintains a number of regional buying offices in Canada and the United States. The Company opened its first retail outlet in Calgary, Alberta in 1986 and today, with more than 1,600 employees, is Canada's largest liquidator.

Forward-Looking Statements

This release includes forward-looking statements and potential future circumstances and developments. Forward-looking statements regarding future performance are subject to risks and uncertainties, and actual results may differ materially. Due to fluctuations in gross margins and expenses, an increase in revenue does not directly correlate to an increase in net earnings.

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