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PFSweb Wins greenMango ContractDALLAS --(Business Wire)-- Aug. 9, 2005 -- PFSweb (NASDAQ:PFSW), a global provider of integrated business process outsourcing solutions, announced that it has won a three-year contract with greenMango, a new direct-to-consumer catalogue featuring home furnishings and accents from leading manufacturers and exporters from the Philippines. Under the agreement, PFSweb will provide total custom order management, distribution and call center services through PFSweb's Southaven, Mississippi facility. The premiere issue of the catalogue, slated for release in three to four weeks, will feature more than 350 items. "Our executive team is made up of highly successful entrepreneurs with many years of experience and achievements in home product design, merchandising, marketing and operations," said Lawrence Lee, CEO and Co-founder of the greenMango catalog and internet seller. "We found two critical and committed partners, our Philippine manufacturers with whom we have been impressed by their skill, craftmenship and creativity, and PFSweb, a superior business process outsourcing partner. We needed an organization that understood our needs and created a customized solution." PFSweb, known as "the brand behind the brand," currently warehouses, manages and fulfills more than $1.5 billion annually in merchandise and transactions from distribution facilities in; Southaven, Miss.; Memphis, Tenn.; Grapevine, Texas; Toronto, Canada; and Liege, Belgium. "As a new company, it is imperative that greenMango put its best foot forward for its debut to the American marketplace," said Mark C. Layton, president and CEO, PFSweb. "PFSweb will design and operate customized solutions to meet the greenMango supply chain needs, resulting in greater flexibility and reduced operating costs." 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 Adaptec (Nasdaq:ADPT), CHiA'SSO, FLAVIA(R) Beverage Systems, Hewlett-Packard (NYSE:HPQ), iGo/Mobility Electronics (Nasdaq:MOBE), International Business Machines (NYSE:IBM), Nokia (NYSE:NOK), Pfizer, Inc. (NYSE:PFE), Raytheon Aircraft Company, Rene Furterer USA, Roots, Inc., Smithsonian Institution and Xerox (NYSE:XRX). The matters discussed in this news release, particularly information regarding future revenue, earnings, business plans and goals, consist of forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are subject to and involve risks and uncertainties, which could cause actual results to differ materially from the forward-looking information. Such statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. These statements are based on assumptions and estimates that management believes are reasonable based on currently available information; however, management's assumptions and the company's future performance are both subject to a wide range of business risks and uncertainties, and there is no assurance that these goals and projections can or will be met. Any number of factors could cause actual results to differ materially. The company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking information contained herein is subject to the risk factors and uncertainties described in the company's filings with the securities and exchange commission, which risk factors and uncertainties are incorporated by this reference as though fully set forth herein. |
