PFSweb Announces Strategic Alliance With eBay
Cooperative Technology Permits PFSweb Clients to Enhance B2C Channel Strategies
PLANO, Texas, Oct 14, 2002 --
PFSweb, Inc. (Nasdaq/SmallCap:PFSW), a leading provider of business process outsourcing solutions, announced today an alliance with eBay, the world`s online marketplace, which will permit PFSweb clients to utilize eBay as a channel to distribute their products.
`eBay has broadened its offering to include a Business-to-Consumer channel,` explained Steven S. Graham, Senior Partner and Chief Technology Officer of PFSweb. `Subsequently, PFSweb developed technology within its Entente Suite(SM) of software solutions that tightly integrates our e-commerce and customer relationship management (CRM) solutions with eBay`s web applications and systems.
`This integration with eBay will enable many of our brand name clients to gain access to eBay`s community of more than 50 million registered users worldwide who now utilize the most popular shopping site on the Internet,`Graham emphasized.
`PFSweb began working with eBay in February and already has one of our consumer electronics clients using the PFSweb-eBay connection to enhance its channel strategy,`he said. `While this alliance is not specific to PFSweb, it certainly improves the array of integrated business infrastructure solutions and fulfillment services that we develop and deploy for Fortune 1000, Global 2000 and brand name companies in North America and Europe.`
`In 2001, the eBay community transacted more than $9.3 billion in annualized gross merchandise sales (value of goods traded on the eBay site),`Graham noted. `PFSweb warehouses, manages and fulfills an impressive $1 billion annually in client merchandise and transactions, including billing and collection services, as well as integrated reverse logistics programs. It is obvious that this alliance should prove to be a mutually beneficial and dynamic resource for PFSweb clients.`
PFSweb provides a comprehensive suite of solutions, including order management, e-marketplace logistics, managed hosting, Web creative development and enabled customer contact systems and postponed manufacturing, to such clients as Avaya Communication, Dell, Hewlett-Packard, IBM, IBM, Kosform Design (Overtoom International/Groupe Manutan), Lancome, Mobility Electronics, NokiaUSA.com, Pharmacia&Upjohn, RCA.com, Smithsonian Institution, the U.S. Mint and Xerox.
About PFSweb, Inc.
When the world`s brand names need proven, fast and secure business infrastructure and technology to enable traditional and e-commerce strategies, they choose PFSweb for comprehensive outsourcing solutions. The PFSweb team of experts designs diverse solutions for clients around a flexible core business infrastructure. PFSweb provides solutions that include: professional consulting services, order management, web-enabled customer contact centers, customer lifecycle management, kitting and assembly services, international distribution services, billing and collection services, and ERP information interfacing utilizing the Entente Suite(SM).
The matters discussed in this news release (except for historical information) and, in particular, information regarding future revenue, earnings and business plans and goals, consist of forward-looking information under the Private Securities Litigation Reform Act of 1995 and are subject to and involve risks and uncertainties, which could cause actual results to differ materially from the forward-looking information. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, our ability to retain and expand relationships with existing clients and attract new clients; our reliance on the fees generated by the transaction volume or product sales of our clients; our reliance on our clients`projections or transaction volume or product sales; our client mix and the seasonality of their business; our ability to finalize pending contracts; the impact of strategic alliances and acquisitions; trends in the market for our services; trends in e-commerce; whether we can continue and manage growth; changes in the trend toward outsourcing; increased competition; our ability to generate more revenue and achieve sustainable profitability; effects of changes in profit margins; the customer concentration of our business; the unknown effects of possible system failures and rapid changes in technology; trends in government regulation both foreign and domestic; foreign currency risks and other risks of operating in foreign countries; potential litigation involving our e-commerce intellectual property rights; our dependency on key personnel; our ability to raise additional capital; our guarantees of the working capital indebtedness of our affiliate, Supplies Distributors; the continued listing of our common stock on the NASDAQ SmallCap Market; and our relationship with and separation from Daisytek, our former parent corporation. A description of these factors, as well as other factors, which could affect the Company`s business, is set forth in the Company`s Prospectus dated December 2, 1999 and Form 10-K for the nine-month transition period ended December 31, 2001.
To find out more about PFSweb, Inc. (Nasdaq/SmallCap:PFSW), visit our website at www.pfsweb.com. PFSweb is a registered trademark. Entente Suite is a service mark of PFSweb. All rights reserved.
Contact:
Michael Burns & Associates Inc.
Preston F. Kirk
830/693-4447
kirk@281.com
or
PFSweb, Inc.
Laura Osborne
888/330-5504, Ext. 3574
losborne@pfsweb.com
Back...
