PFSW Pfsweb Inc

PFSweb, Inc. (NASDAQ: PFSW) a global provider of integrated business process outsourcing (BPO) solutions, has been chosen by Katun Corporation, the world�s leading alternative supplier to the office equipment industry, to provide logistics and order fulfillment services for their Canadian operations. The terms of this contract were not disclosed. PFSweb will support Katun�s Canadian operations from its Richmond Hill, Toronto distribution center, providing inventory management, fulfillment, distribution, traffic management, and returns processing services. �We are committed to providing our customers industry leading performance through quality, service and value. Our goal was to partner with an organization that held those same business objectives in their operations,� said Terri Sayler, Vice President and General Manager of Katun�s North America Business Unit. �PFSweb�s solution will allow us to maintain the highest level of customer service and support and provide scalability to support our Canadian growth initiatives.� In addition to providing a premier infrastructure solution, PFSweb will also deploy its global technology platform to facilitate efficient processing of Katun�s supply chain requirements. PFSweb will leverage their proprietary Entente Suite technology platform to support these activities. �PFSweb has extensive experience in the business consumables industry and we are excited to deliver our world-class level of service to Katun and Katun�s customers,� said Mike Willoughby, President of PFSweb. �By entrusting these processes to PFSweb, we believe Katun will benefit from the application of our systems, processes, and efficiencies.� This agreement is included in the previously announced new service fee contract relationships PFSweb, Inc. has signed this year, which are estimated to be valued at approximately $12 million in annual service fee revenue upon full implementation, based on current client projections. 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 CHiA�SSO, FLAVIA� Beverage Systems, Hewlett-Packard, International Business Machines, 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 technology and consumer electronics for consumers and small to medium size 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. To find out more about PFSweb, Inc. (NASDAQ: PFSW), 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 September 30, 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. About Katun Corporation Headquartered in Minneapolis, Katun Corporation is the world's largest supplier of OEM-compatible imaging supplies, photoreceptors and parts, as well as a leading manufacturer of fuser rollers and other select products, for the office equipment industry. With more than 27 years of expertise and experience in the office equipment industry, the privately held Katun now serves more than 19,000 customers in more than 170 countries. For more information, visit Katun online at www.katun.com. PFSweb, Inc. (NASDAQ: PFSW) a global provider of integrated business process outsourcing (BPO) solutions, has been chosen by Katun Corporation, the world's leading alternative supplier to the office equipment industry, to provide logistics and order fulfillment services for their Canadian operations. The terms of this contract were not disclosed. PFSweb will support Katun's Canadian operations from its Richmond Hill, Toronto distribution center, providing inventory management, fulfillment, distribution, traffic management, and returns processing services. "We are committed to providing our customers industry leading performance through quality, service and value. Our goal was to partner with an organization that held those same business objectives in their operations," said Terri Sayler, Vice President and General Manager of Katun's North America Business Unit. "PFSweb's solution will allow us to maintain the highest level of customer service and support and provide scalability to support our Canadian growth initiatives." In addition to providing a premier infrastructure solution, PFSweb will also deploy its global technology platform to facilitate efficient processing of Katun's supply chain requirements. PFSweb will leverage their proprietary Entente Suite technology platform to support these activities. "PFSweb has extensive experience in the business consumables industry and we are excited to deliver our world-class level of service to Katun and Katun's customers," said Mike Willoughby, President of PFSweb. "By entrusting these processes to PFSweb, we believe Katun will benefit from the application of our systems, processes, and efficiencies." This agreement is included in the previously announced new service fee contract relationships PFSweb, Inc. has signed this year, which are estimated to be valued at approximately $12 million in annual service fee revenue upon full implementation, based on current client projections. 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 CHiA'SSO, FLAVIA(R) Beverage Systems, Hewlett-Packard, International Business Machines, 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 technology and consumer electronics for consumers and small to medium size 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. To find out more about PFSweb, Inc. (NASDAQ: PFSW), 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 September 30, 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. About Katun Corporation Headquartered in Minneapolis, Katun Corporation is the world's largest supplier of OEM-compatible imaging supplies, photoreceptors and parts, as well as a leading manufacturer of fuser rollers and other select products, for the office equipment industry. With more than 27 years of expertise and experience in the office equipment industry, the privately held Katun now serves more than 19,000 customers in more than 170 countries. For more information, visit Katun online at www.katun.com.