eCOST.com Reports Strong Sales of Select Consumer Electronics in First Week of Holiday Season
December 11 2006 - 8:00AM
Business Wire
PFSweb, Inc. (Nasdaq: PFSW) today announced that its wholly owned
subsidiary, eCOST.com, experienced strong sales of consumer
electronics goods during the first week of the holiday season,
which helped boost overall sales. eCOST.com�s Top Sellers for the
Thanksgiving 2006 holiday shopping week included: Microsoft 30GB
Zune MP3 Player HP Pavillion Notebook Computers, Manufactured
Recertified Canon A540 Powershot 6.0 Megapixal Digital Camera Ultra
SD Memory Cards Harmony 880 Universal Remote Control Audiovox
Tablet Style 4� Portable DVD Player Toshiba Satellite Tablet
Notebook Computers, Manufactured Recertified Soyo 32�, 37� and 40�
HD-LCD Televisions I-Robot Roomba Discovery Sony Vaio Notebook
Computers JVC GR-D350 Mini DV Camcorder HP 19� LCD Flat Panel
Display Panasonic 42� HD-Plasma Television eCOST.com offers its
customers a diverse line of leading consumer electronics from top
manufacturers, including Apple, Canon, Denon, Hewlett-Packard,
Microsoft, Nikon, Onkyo, Sony, and Toshiba. �eCOST.com continues to
be a leading on-line destination for new, closeout and manufacturer
recertified consumer electronics and computers,� said Adam Shaffer,
CEO of eCOST.com �According to the National Retail Federation
(NRF), the Internet will influence almost 30 percent of the more
than $457 billion expected to be spent on holiday shopping this
year. Almost half of all seasonal shoppers - more than 47 percent -
will use the Internet to purchase at least one item this year, a
spike from 36 percent three years ago.� �We are excited to have a
strong start to the 2006 Holiday Season,� Mark Layton, Chairman and
CEO of PFSweb, stated, �This is an exciting time for the Company as
it is the first holiday season since we finalized our acquisition
of eCOST.com and completed many of our initial improvements to
eCOST.com to offer a more enjoyable shopping experience to our
customers.� 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 new, "close-out" and
manufacturer recertified 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�may include forward-looking information under the
Private Securities Litigation Reform Act of 1995 and such
statements are subject to and involve 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 its Quarterly Reports for
the periods thereafter identify certain risk factors that could
cause actual results to differ materially from those projected in
any forward looking statements made and investors are advised to
review such 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.
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