PFSW Pfsweb Inc

PFSweb, Inc. (Nasdaq: PFSW) announced today that its wholly owned subsidiary, eCOST.com, a leading online discount retailer, has implemented a new Platinum Premium Club program designed to improve overall customer service, reduce outbound freight costs for both eCOST.com and its customers, and attract new price-conscience customers to eCOST.com. Following its recently completed strategic merger with PFSweb, eCOST.com has taken another step to enhance customer service by leveraging PFSweb's world-class technology and operational infrastructure and capitalizing on PFSweb's broad array of freight relationships. These steps will provide additional options and benefits for eCOST.com customers and are targeted to reduce overall eCOST.com outbound freight costs by approximately $2 million per year. The rollout of eCOST.com's new Platinum Premium Club provides members of this program access to exclusive shipping promotions for a $39.95 annual fee. These shipping promotions include free ground shipping as well as discounted express shipping rates for orders placed through the website. Platinum Premium Club Members pay only the upgrade amount for express delivery and club members receive free ground shipping on eligible orders from eCOST.com. Additional club benefits include admission to a private online showcase full of special deals that are offered exclusively to club members. Further, members will be eligible to an additional 10 percent off hotel bookings when using the eCOST.com travel store. Certain restrictions and limitations apply. Visit www.ecost.com for complete details. "Our freight savings program and Premium Platinum Club membership represent an important step in the execution of our integration plan following our merger with PFSweb," said Adam Shaffer, chief executive officer of eCOST.com. "Utilizing PFSweb's technology capabilities and carrier relationships will result in more choices for eCOST customers and less outbound freight costs for the company. Additionally, our new Platinum Premium Club program reflects eCOST.com's commitment to expand its customer base and foster brand loyalty. We believe our ability to improve operating efficiencies as well as customer satisfaction will drive future performance for our business." eCOST.com currently has more than 10,000 Platinum Club members. For an additional $8.95, current eCost.com Platinum Club members can upgrade to the Platinum Premium Club and receive the free ground and discounted express shipping membership benefits. About PFSweb, Inc. PFSweb develops and deploys integrated business infrastructure solutions and fulfilment 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, CHiA'SSO, FLAVIA(R) Beverage Systems, Hewlett-Packard, International Business Machines, Nokia, Pfizer, Inc., Raytheon Aircraft Company, Rene Furterer USA, Roots Canada Ltd., Smithsonian Institute and Xerox. Through its wholly owned eCOST.com subsidiary, PFSweb also serves as a leading multi-category online discount retailer of high-quality new, "close-out" and refurbished brand-name merchandise for consumers and small business buyers. The eCOST.com brand markets more than 100,000 different products from leading manufacturers such as Apple, Canon, Citizen, Denon, Hewlett-Packard, Nikon, Onkyo, Seiko, Sony, and Toshiba primarily over the Internet and through direct marketing. For more information, please visit the company's websites at www.pfsweb.com and www.ecost.com. The matters discussed herein and, in particular, information regarding the merger, consist of forward-looking information under the Private Securities Litigation Reform Act of 1995 and is subject to and involves risks and uncertainties, which could cause actual results to differ materially from the forward-looking information. PFSweb's Annual Report on Form 10-K for the year ended December 31, 2005 identifies certain factors that could cause actual results to differ materially from those projected in any forward looking statements made and investors are advised to review the Annual Report and the Risk Factors described therein. PFSweb undertakes no obligation to update publicly any forward-looking statement for any reason, even if new information becomes available or other events occur in the future. There may be additional risks that we do not currently view as material or that are not presently known.