PFSweb Wins greenMango Contract
August 09 2005 - 11:10AM
Business Wire
PFSweb (NASDAQ:PFSW), a global provider of integrated business
process outsourcing solutions, announced that it has won a
three-year contract with greenMango, a new direct-to-consumer
catalogue featuring home furnishings and accents from leading
manufacturers and exporters from the Philippines. Under the
agreement, PFSweb will provide total custom order management,
distribution and call center services through PFSweb's Southaven,
Mississippi facility. The premiere issue of the catalogue, slated
for release in three to four weeks, will feature more than 350
items. "Our executive team is made up of highly successful
entrepreneurs with many years of experience and achievements in
home product design, merchandising, marketing and operations," said
Lawrence Lee, CEO and Co-founder of the greenMango catalog and
internet seller. "We found two critical and committed partners, our
Philippine manufacturers with whom we have been impressed by their
skill, craftmenship and creativity, and PFSweb, a superior business
process outsourcing partner. We needed an organization that
understood our needs and created a customized solution." PFSweb,
known as "the brand behind the brand," currently warehouses,
manages and fulfills more than $1.5 billion annually in merchandise
and transactions from distribution facilities in; Southaven, Miss.;
Memphis, Tenn.; Grapevine, Texas; Toronto, Canada; and Liege,
Belgium. "As a new company, it is imperative that greenMango put
its best foot forward for its debut to the American marketplace,"
said Mark C. Layton, president and CEO, PFSweb. "PFSweb will design
and operate customized solutions to meet the greenMango supply
chain needs, resulting in greater flexibility and reduced operating
costs." ABOUT PFSWEB, INC. PFSweb develops and deploys integrated
business infrastructure solutions and fulfillment services for
Fortune 1000, Global 2000 and brand name companies, including third
party logistics, call center support and e-commerce services. The
company serves a multitude of industries and company types,
including such clients as Adaptec (Nasdaq:ADPT), CHiA'SSO,
FLAVIA(R) Beverage Systems, Hewlett-Packard (NYSE:HPQ),
iGo/Mobility Electronics (Nasdaq:MOBE), International Business
Machines (NYSE:IBM), Nokia (NYSE:NOK), Pfizer, Inc. (NYSE:PFE),
Raytheon Aircraft Company, Rene Furterer USA, Roots, Inc.,
Smithsonian Institution and Xerox (NYSE:XRX). The matters discussed
in this news release, particularly information regarding future
revenue, earnings, business plans and goals, consist of
forward-looking information within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934 and are subject to and involve risks and
uncertainties, which could cause actual results to differ
materially from the forward-looking information. Such statements
are not guarantees of future performance and involve risks,
uncertainties and assumptions that are difficult to predict. These
statements are based on assumptions and estimates that management
believes are reasonable based on currently available information;
however, management's assumptions and the company's future
performance are both subject to a wide range of business risks and
uncertainties, and there is no assurance that these goals and
projections can or will be met. Any number of factors could cause
actual results to differ materially. The company undertakes no
obligation to publicly update or revise any forward-looking
statements. All forward-looking information contained herein is
subject to the risk factors and uncertainties described in the
company's filings with the securities and exchange commission,
which risk factors and uncertainties are incorporated by this
reference as though fully set forth herein.
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