PFSweb Signs a New Service Fee Client to Support a U.S. Direct-to-Consumer Initiative
May 13 2008 - 8:00AM
Business Wire
PFSweb, Inc. (NASDAQ: PFSW), an international business process
outsourcing provider of end-to-end web commerce solutions and an
online discount retailer, announced it has been selected by a
national retailer of consumer specialty products to support its
direct-to-consumer business in the U.S. The implementation for this
custom warehousing and order fulfillment solution is currently
scheduled for completion during the first quarter of 2009. Under
the agreement, PFSweb will provide an advanced solution that
addresses inventory management, warehousing, order fulfillment and
distribution logistics from one of its Southaven, MS facilities. In
addition, PFSweb will provide website integration, order and
payment processing, customer contact services and service level
performance monitoring from its facility in Plano, TX. Mike
Willoughby, President of PFSweb�s services division, stated, �Our
selection by this iconic brand is an important indicator of the
strength of our value-added customized solutions offering within
our Service Fee business and demonstrates our ability to continue
to win new client business. We look forward to working with this
client to assist them to better leverage their position in order to
expand and enhance their supply chain efficiencies in the U.S.�
PFSweb internationally provides integrated business process
outsourcing services to major brand name companies. These services
include professional consulting, technology collaboration, managed
web hosting and internet application development, order management,
web-enabled customer contact centers, customer relationship
management, financial services including billing and collection
services and working capital solutions, information management,
facilities and operations management, kitting and assembly
services, and international fulfillment and distribution services.
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, MARS Drinks North America,
Hewlett-Packard, International Business Machines, Hawker Beechcraft
Corp., 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 high-quality new,
"close-out" and manufacturer recertified brand-name merchandise for
consumers and small to medium size business buyers. Through its
website, www.ecost.com, and its catalog, eCOST.com sells
approximately 170,000 different products from leading manufacturers
such as Sony, JVC, Canon, Hewlett-Packard, Garmin, Panasonic,
Toshiba, Microsoft, Kitchen Aid, Panasonic, Black & Decker,
Cuisinart, Coleman, Wilson and Nike. 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,
2007 identifies 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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