PFSweb Announces Preliminary Second Quarter Sales For eCOST.com
July 09 2007 - 8:00AM
Business Wire
PFSweb, Inc. (Nasdaq: PFSW), a global provider of integrated
business process outsourcing (BPO) and web commerce solutions,
today announced preliminary unaudited revenue for its wholly owned
subsidiary, eCOST.com, for the quarter ended June 30, 2007.
eCOST.com expects to report revenue of approximately $26 million
for the second quarter of 2007. On a sequential basis, revenue
increased from $21.6 million for the first quarter of 2007 and
$21.1 million for the fourth quarter of 2006. �eCOST.com�s second
quarter sales have noticeably increased quarter-to-quarter, and we
believe that the quarter-to-quarter comparison is a key measurement
of our turn-around progress. Further, we believe this quarter�s
revenue growth will contribute to an improved bottom-line result
for eCOST.com as compared to the prior two quarters,� stated Mark
Layton, Chairman and CEO of PFSweb. �The continued positive trends
that eCOST.com has experienced so far this year offer initial
verification that the changes we have implemented are working.
These changes include improved customer service, enhanced web site
functions and an expansion of the number of available products to
more than 100,000 SKUs in a wider variety of categories.� 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 LEGO, Riverbed, Fathead, CHiA�SSO, FLAVIA� Beverage
Systems, Hewlett-Packard, International Business Machines, Hawker
Beechcraft Corp. (formerly Raytheon Aircraft Company), Rene
Furterer USA, Roots Canada Ltd., 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 approximately 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, 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.
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