PFSweb Extends Lease for Southaven, MS Distribution Center
PFSweb, Inc. (Nasdaq: PFSW), an international business process outsourcing provider of end-to-end e-commerce solutions, today announced that its subsidiary, Priority Fulfillment Services , has extended the lease on a 434,900 square foot facility in Southaven, MS from which the Company operates one of its distribution centers (the "Southaven center").
PFSweb initially opened the Southaven center, located just outside of Memphis, in 2004 and uses the facility to warehouse, fulfill and ship customer orders on behalf of its clients. In total PFSweb operates in more than 1.2 million square feet of warehouse space at five different distribution centers around the world. In addition to the Southaven center, PFSweb operates in distribution centers in Memphis, TN, Grapevine, TX, Markham, Canada and Liege, Belgium.
"Our Southaven distribution center has been an integral part of our order fulfillment services offering. Over the years we have established an industry leading infrastructure, technology and workforce that has helped us secure our position as one of the most innovative providers of order fulfillment and end-to-end e-commerce solutions in the world," stated Michael Willoughby, President of PFSweb. "Our Southaven facility is strategically located within the continental United States, allowing us to quickly manage the fulfillment of customer orders on behalf of our clients."
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, Carter's, AAFES, Riverbed, InfoPrint Solutions Company, Hawker Beechcraft Corp., Roots Canada Ltd. and Xerox.
To find out more about PFSweb, Inc. (NASDAQ: PFSW), visit the company's website at http://www.pfsweb.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, 2009 and Quarterly Report on Form 10-Q for the nine months ended September 30, 2010 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.
SOURCE: PFSweb, Inc.
PFSweb: Mark C. Layton, Chief Executive Officer Thomas J. Madden, Chief Financial Officer 972-881-2900 or Investor Relations: KCSA Strategic Communications Todd Fromer / Garth Russell 212-896-1215 / 212-896-1250 tfromer@kcsa.com / grussell@kcsa.com