PFSweb, Inc. (NASDAQ: PFSW) a global provider of integrated business process outsourcing (BPO) solutions, today announced that it has regained compliance with the $1 per share minimum closing bid price requirement for listing its common stock on the NASDAQ Capital Market. NASDAQ formally notified the Company today that it achieved compliance when the bid price closed at $1 per share or greater for 10 consecutive trading days as of the end of market trading on Wednesday, January 10, 2006. As a result, the Company's common stock will continue to be quoted in the NASDAQ Capital Market, so long as it continues to satisfy listing requirements, including maintaining a minimum bid price of $1 or greater, and not having such price fall below $1 for more than 30 consecutive trading days. 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 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 include forward-looking information under the Private Securities Litigation Reform Act of 1995 which 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. These Risk Factors include the risk of contract terminations. 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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