PFSweb Announces Common Stock Offering
May 24 2010 - 5:05PM
Business Wire
PFSweb, Inc. (Nasdaq: PFSW), an international business
process outsourcing services provider of end-to-end web commerce
solutions and an online discount retailer, today announced that it
has commenced a public offering of 2,000,000 shares of common
stock. PFSweb will grant the underwriters in the offering an option
to purchase up to 300,000 additional shares of common stock at the
same price per share to cover any over-allotments.
PFSweb intends to use the net proceeds from the offering for
general corporate purposes, including acquiring or investing in
businesses, products or technologies.
Craig-Hallum Capital Group will act as the lead underwriter for
the offering. Stonegate Securities will act as co-manager for the
offering. The offering is being made only by means of an electronic
prospectus and related prospectus supplement. Copies of the
electronic prospectus and the prospectus supplement are available
on the Securities and Exchange Commission’s website at
www.sec.gov.
The shares are being offered pursuant to an effective
registration statement. This press release does not constitute an
offer to sell these securities or a solicitation of an offer to buy
these securities, nor shall there be any sale of these securities
in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.
About PFSweb, Inc.
PFSweb develops and deploys comprehensive end-to-end eCommerce
solutions for Fortune 1000, Global 2000 and brand name companies,
including interactive marketing services, global fulfillment and
logistics and high-touch customer care. The company serves a
multitude of industries and company types, including such clients
as P&G, LEGO, AAFES, Riverbed, InfoPrint Solutions Company (a
joint venture company owned by Ricoh and International Business
Machines), Hawker Beechcraft Corp., 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 275,000
different products from leading manufacturers such as Sony,
Hewlett-Packard, Denon, JVC, Canon, Nikon, Panasonic, Toshiba,
Microsoft, Dyson, Kitchen Aid, Braun, Black & Decker,
Cuisinart, Coleman, and Citizen 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.
Pfsweb (NASDAQ:PFSW)
Historical Stock Chart
From Jun 2024 to Jul 2024
Pfsweb (NASDAQ:PFSW)
Historical Stock Chart
From Jul 2023 to Jul 2024