PFSweb Regains Compliance with NASDAQ Listing Requirements
11 Janvier 2007 - 10:01PM
Business Wire
PFSweb, Inc. (NASDAQ: PFSW) a global provider of integrated
business process outsourcing (BPO) solutions, 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
achieved compliance when the bid price closed at $1 per share or
greater for 10 consecutive trading days as of the end of market
trading on Wednesday, January 10, 2006. As a result, the Company's
common stock will continue to be quoted in the NASDAQ Capital
Market, so long as it continues to satisfy listing requirements,
including maintaining a minimum bid price of $1 or greater, and not
having such price fall below $1 for more than 30 consecutive
trading days. 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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