PFSweb Expands Capacity with New Canadian Headquarters to Meet Increased Demand of BPO Services
January 25 2007 - 8:00AM
Business Wire
PFSweb, Inc. (Nasdaq: PFSW) a global provider of web commerce and
integrated business process outsourcing (BPO), today announced it
has completed the move of its Canadian headquarters to an expanded
facility in order to support existing and new client growth. PFSweb
provides web commerce technology, inventory management, fulfillment
& logistics, freight management, returns processing and
customer care services from its Canadian headquarters. The new
22,000 square foot facility, under a 5-year lease agreement, will
feature an additional 20 call stations to provide multi-lingual
customer support for the U.S. and Canadian markets. Located in the
Eastern Toronto area, the new facility will maintain PFSweb�s
presence in Toronto�s growing technology business center, along
with easy access to the downtown area, main highways and Toronto
Pearson International Airport. �We have experienced increased
demand for our services throughout North America, including
Canada,� said Mike Willoughby, President of PFSweb Services
Division. �The Canadian e-Commerce market landscape has become
notably more robust, and we continue to see international expansion
strategies within the high tech market. PFSweb is well poised to
support both Canadian-based companies in need of scalable
infrastructure, as well as foreign-based brands that are pursuing
Canadian market presence. The expansion of our Canadian
headquarters will allow us to maintain the highest level of service
for our new and existing clients, while also allowing us the
capacity to implement future contracts. The increased capacity at
the new facility will allow us to support the anticipated growth
from our existing Roots Canada Ltd. engagement and our new contract
with Katun Corporation. We anticipate that Roots, one of Canada�s
most prominent retailers and premier brands, will continue to
experience a steady increase in volume as customer awareness of the
newly launched Canadian online store grows.� 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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