Liquidation World Inc.

Liquidation World Inc.

June 02, 2009 19:41 ET

Liquidation World Appoints David Becker to its Board of Directors and Announces Resignation of Director, Robert Wiens

BRANTFORD, ONTARIO--(Marketwire - June 2, 2009) - Liquidation World Inc. (TSX:LQW) has appointed David Becker to its Board of Directors, subject to regulatory approval. In addition to his Director role, Mr. Becker will also assume the role of Chairman of the Audit Committee at Liquidation World from former director Robert Wiens, who has resigned from Liquidation World's Board. Mr. Becker is Executive Vice President and Chief Financial Officer of Middlebrook Pharmaceuticals Inc. ("Middlebrook"), a NASDAQ listed company located in the United States.

"We are very excited that Dave has agreed to join us as we continue to execute on our strategy for Liquidation World", said Chairman Bill Wolf. "Having been exposed to his skill set on other projects, I am confident that he will be a great addition to the Liquidation World team. I would also like to express my appreciation and gratitude to Bob Wiens for his dedicated effort and the many contributions that he has made to Liquidation World over the past several years."

Prior to joining Middlebrook in September 2008, Mr. Becker served as an independent consultant to various healthcare companies, providing senior management support in financial and operational roles. In addition, he sat on the board of directors at several of these healthcare companies. From 2000 to 2007, Mr. Becker served as the Chief Financial Officer and Treasurer of Adams Respiratory Therapeutics, Inc. ("Adams") and served in various other capacities with Adams over that period including Chief Financial and Administrative Officer from October 2006 to February 2007, and interim Chief Operating Officer from May 2003 to April 2004. Prior to joining Adams, Mr. Becker was a Senior Manager in the merger and acquisitions practice of Ernst & Young LLP from November 1997 to September 2000. From January 1996 to November 1997, Mr. Becker served as Controller for the Salt Lake City-based start-up company RxAmerica LLC, a pharmacy benefit management and mail-service pharmacy operation. From 1991 to 1995, he served as a financial auditor with Ernst & Young LLP. Mr. Becker began his professional career in 1990 as an audit and tax accountant for the southern California-based accounting firm of Glenn M. Gelman & Associates. Prior to pursuing a corporate career, Mr. Becker served in the U.S Navy for 4 years. Mr. Becker earned a bachelor's degree in accounting in 1990 from the University of Southern Mississippi and is a certified public accountant and certified treasury professional.

About Liquidation World

Liquidation World liquidates consumer merchandise through 97 stores in Canada and the United States. 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 store in Calgary, Alberta in 1986 and today, with more than 1,200 employees, is Canada's largest liquidator.

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