PFSW Pfsweb Inc

PFSweb, Inc. (Nasdaq: PFSW) today announced that its wholly owned subsidiary, eCOST.com, a leading online discount retailer, has moved its headquarters from Torrance, Calif. to El Segundo, Calif. signifying its ongoing integration with PFSweb and efforts to streamline costs and realize efficiencies. The Pacific Corporate Towers facility in El Segundo will provide over 8,000 square feet of office space for the online retailer. This move is estimated to provide eCOST.com a savings of approximately $20,000 per month. "This is another step forward towards complete integration between eCOST and PFSweb," said Mark Layton, CEO of PFSweb. "This move is another component of our efforts in driving total annual savings of $4-5 million in 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, CHiA'SSO, FLAVIA(R) Beverage Systems, Hewlett-Packard, International Business Machines, Nokia, Pfizer, Inc., Raytheon Aircraft Company, Rene Furterer USA, Roots Canada Ltd., The Smithsonian Institution 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 http://www.pfsweb.com and http://www.ecost.com. The matters discussed herein 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 and Form 10-Q for the quarter ended March 31, 2006 identify 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 and Quarterly Reports 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.