Liquidation World Inc.
TSX : LQW

Liquidation World Inc.

January 10, 2011 08:00 ET

Liquidation World Announces Appointment of David Becker as Interim CFO

BRANTFORD, ONTARIO--(Marketwire - Jan. 10, 2011) - Liquidation World Inc. (TSX:LQW) (the "Company") announces today that David Becker has been appointed interim Chief Financial Officer of the Company effective immediately, subject to regulatory approval. Mr. Becker will continue to serve on the Board of Directors; however, he will be relinquishing his role as Chair of the Company's Audit Committee.

This changes the positions of both Mr. Becker as well as Chris Rath, the Company's current Chief Financial Officer. Mr. Rath will transition from this role into a contract consulting role with the Company effective immediately. 

"We are grateful to Chris for his commitment and efforts during the continued transition of the Company. I look forward to Chris' ongoing contributions in his new consulting role within the organization," said Seth Marks, President and CEO of Liquidation World.

Mr. Becker previously held the positions of Chief Financial Officer at both Middlebrook Pharmaceuticals Inc. and at Adams Respiratory Therapeutics Inc., both NASDAQ listed companies located in the United States. The combination of Mr. Becker's skill and business and financial experience, combined with his knowledge of the Company, will be beneficial in the ongoing evolution of the Company.

Seth Marks also said, "Over the past four months Dave has worked extensively with the company resulting in the proper capitalization to complete our conversion and expansion plans. Dave's experience as a CFO in start- ups and turnarounds is an ideal fit for us as we take the next steps towards growth and profitability."

About Liquidation World

Liquidation World operates 92 stores in Canada and one in the United States. Liquidation World is based in Brantford, Ontario. The Company opened its first store in Calgary, Alberta in 1986 and today, with more than 1,500 employees, is Canada's largest operator of closeout retail stores.

Contact Information

  • Liquidation World Inc.
    Seth Marks
    President and CEO
    519-720-2552
    866-237-3778 (FAX)
    sethm@lwstores.com
    or
    Liquidation World Inc.
    David Becker
    Interim CFO
    519-720-2553
    866-237-3778 (FAX)
    davidb@lwstores.com