PFSweb Regains Compliance with NASDAQ Listing Requirements
June 16 2008 - 4:15PM
Business Wire
PFSweb, Inc. (Nasdaq:PFSW), an international business process
outsourcing provider of end-to-end web commerce solutions and an
online discount retailer, 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 was in
compliance with Marketplace Rule 4310(c)(4) and it is no longer
subject to delisting. As a result, the Company's common stock will
continue to be quoted in the NASDAQ Capital Market. 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, Discovery Commerce, 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. The eCOST.com
brand markets 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 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,
2007 and Form 10-Q for the quarter ended March 31, 2008 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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