PFSW Pfsweb Inc

PFSweb, Inc. (Nasdaq: PFSW), a global provider of integrated business process outsourcing (BPO) and web commerce solutions, today announced that all corporate proposals were approved at the Company�s 2007 Annual Meeting of Stockholders held on June 15, 2007. Stockholders approved the election of one Class II Director, Dr. Neil W. Jacobs. Stockholders also approved the proposal to grant the Board of Directors discretionary authority to effect a reverse split of PFSweb�s outstanding common stock by a ratio of no change to up to one-for-six and grant the Company�s Board the discretionary authority to determine the exact ratio within that range. Stockholders approved the amendment to the Company�s Non-Employee Director Stock Option and Retainer Plan. Finally, stockholders ratified the appointment of KPMG LLP as the Company�s independent auditors for the fiscal year ending December 31, 2007. 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 75,000 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.