Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  ABS PARTNERS IV LLC
 2. Date of Event Requiring Statement (Month/Day/Year)
03/02/2006		 3. Issuer Name and Ticker or Trading Symbol
LIQUIDITY SERVICES INC [LQDT]
(Last)
(First)
(Middle)
400 EAST PRATT STREET, SUITE 910		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
02/22/2006
(Street)

BALTIMORE, MD 21202-3116		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Series C preferred stock   (1)   (1) Common Stock 3,262,643 (2) $ (1) I By ABS Capital Partners See Attached Footnote (3)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ABS PARTNERS IV LLC
400 EAST PRATT STREET
SUITE 910
BALTIMORE, MD 21202-3116		     X    
HEBB DONALD B JR
400 EAST PRATT STREET
SUITE 910
BALTIMORE, MD 21202-3116		     X    
STOBO JOHN D JR
400 EAST PRATT STREET
SUITE 910
BALTIMORE, MD 21202-3116		     X    
EMRY FREDERIS G III
400 EAST PRATT STREET
SUITE 910
BALTIMORE, MD 21202-3116		     X    
CLOUGH PHILLIP A
400 EAST PRATT STREET
SUITE 910
BALTIMORE, MD 21202-3116		   X   X    
WITT LAURA
400 EAST PRATT STREET
SUITE 910
BALTIMORE, MD 21202-3116		     X    
WEGLICKI TIMOTHY T
400 EAST PRATT STREET
SUITE 910
BALTIMORE, MD 21202		     X    
TERKOWITZ RALPH S
400 E. PRATT STREET
SUITE 910
BALTIMORE, MD 21202		     X    
GOSWAMI ASHOKE
400 E. PRATT STREET SUITE 910
BALTIMORE, MD 21202		     X    

Signatures

/s/ Donald B. Hebb, Managing Member of ABS Partners IV, L.L.C. 03/02/2006
**Signature of Reporting Person Date
/s/ Phillip A. Clough 03/02/2006
**Signature of Reporting Person Date
/s/ Donald B. Hebb 03/02/2006
**Signature of Reporting Person Date
/s/ Timothy T. Weglicki 03/02/2006
**Signature of Reporting Person Date
/s/ John D. Stobo 03/02/2006
**Signature of Reporting Person Date
/s/ Frederic G. Emry 03/02/2006
**Signature of Reporting Person Date
/s/ Ashoke Goswami 03/02/2006
**Signature of Reporting Person Date
/s/ Ralph S. Terkowitz 03/02/2006
**Signature of Reporting Person Date
/s/ Laura L. Witt 03/02/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The Series C preferred stock is automatically converted on a 1-for-1 basis into Liquidity Services, Inc, ("LSI") common stock, upon the closing of the initial public offering.
(2) The shares are owned directly by ABS Capital Partners IV, L.P. ("ABS Capital Partners IV") in the amount of 2,887,105 shares, ABS Capital Partners IV-A, L.P. ("ABS Capital Partners IV-A") in the amount of 96,664 shares, ABS Capital Partners IV Offshore, L.P. ("ABS Capital Partners IV Offshore") in the amount of 165,817, ABS Capital Partners IV Special Offshore, L.P. ("ABS Capital Partners IV Special Offshore," and together with ABS Capital Partners IV, ABS Capital Partners IV-A, ABS Capital Partners IV Offshore, "The Funds" in the amount of 113,057 shares). ABS Partners IV, L.L.C., as the general partner of the Funds (the "General Partner"), and Donald B. Hebb, Jr., Timothy T. Weglicki, John D. Stobo, Jr., Phillip A. Clough, Frederic G. Emry, Ashoke Goswami, Ralph S. Terkowitz, and Laura L. Witt, as the managers of the General Partner (the "Managers"), are indirect beneficial owners of the reported securities.
(3) The General Partner and each of the Managers disclaims beneficial ownership of these shares except to the extent of their respective pecuniary interest therein. ABS Partners IV, LLC is the general partner of these entities and has voting and dispositive power over these shares.
 
Remarks:
This filing constitutes an amendment to one of the three related filings for LSI.  This filing was amended to include Ashoke Goswami as a joint filer and continues to be applicable to the following joint reporting persons with respect to the securities of the issuer set forth hereon: ABS Capital Partners IV LP, ABS Capital Partners IV-A LP, ABS Capital Partners IV Special Offshore LP, ABS Capital Partners IV Offshore LP, ABS Partner IV LLC, Donald B. Hebb Jr., Phillip A. Clough, John D. Stobo Jr., Frederic G. Emry III., Ashoke Goswami, Laura L. Witt, Timothy T. Weglicki, and Ralph S. Terkowitz.

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