PFSweb and eCOST.com Remind Shareholders to Vote For Proposed Merger Agreement; Special Meetings Scheduled for Monday, January 2
19 Gennaio 2006 - 8:36PM
Business Wire
PFSweb, Inc. (Nasdaq: PFSW), a global provider of integrated
business process outsourcing (BPO) solutions, and eCOST.com
(Nasdaq: ECST), a leading online discount retailer, today issued a
reminder for shareholders to vote for the previously announced
merger agreement. Shareholders who have not yet voted are strongly
encouraged to vote immediately via telephone or the Internet in
accordance with the instructions included in their proxy materials.
Non-objecting beneficial shareholders of both PFSweb and eCOST.com
may call Mellon Investor Services at 1-800-814-0304 to cast their
vote directly. In addition, if you were a shareholder of record on
December 21, 2005 and have not received or cannot locate your
proxy, please call the same number, 1-800-814-0304. Given the
numerous retail investors for both companies, management of PFSweb
and eCOST.com would like to remind shareholders that every vote is
important. Shareholders can obtain a free-of-charge copy of the
joint proxy statement/prospectus and other relevant documents (when
available) by directing a request by mail or telephone to either
(i) PFSweb, Inc., 500 North Central Expressway, Suite 500, Plano,
Texas 75074 Attention: Corporate Secretary, Telephone: (972)
881-2900, or from PFSweb's website, www.pfsweb.com or (ii)
eCOST.com, Inc., 2555 West 190th Street, Suite 106, Torrance CA
90504 Attention: Corporate Secretary, Telephone: (310) 225-5025, or
from eCOST.com's website, www.ecost.com. The Boards of Directors of
both PFSweb and eCOST.com unanimously approved the merger
transaction. About eCOST.com, Inc. eCOST.com is a leading
multi-category online discount retailer of high-quality new,
"close-out" and refurbished brand-name merchandise for consumers
and small business buyers. eCOST.com markets over 100,000 different
products from leading manufacturers such as Apple, Canon, Citizen,
Denon, HP, Nikon, Onkyo, Seiko, Sony, and Toshiba primarily over
the Internet (http://www.ecost.com) and through direct marketing.
Prior to April 11, 2005, eCOST.com was a subsidiary of PC Mall,
Inc. 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),
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). To
find out more about PFSweb, Inc. (NASDAQ: PFSW), visit our website
at www.pfsweb.com. The matters discussed herein and, in particular,
information regarding the merger, consist of forward-looking
information under the Private Securities Litigation Reform Act of
1995 and is subject to and involve risks and uncertainties, which
could cause actual results to differ materially from the
forward-looking information. PFSweb has recently filed a
Registration Statement on Form S-4 which identifies 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 Registration Statement and the Risk Factors
described therein. Neither PFSweb nor eCOST undertakes any
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.
ADDITIONAL INFORMATION The S-4 Registration Statement filed by
PFSweb contains a joint proxy statement for the PFSweb and eCOST
stockholder meetings and a prospectus for the PFSweb common stock
to be offered to eCOST's shareholders in connection with the
Merger. Investors and shareholders are urged to read the
registration statement carefully because it includes various risk
factors and other important information about the Merger. Each
company and certain of its directors, executive officers and other
members of management and employees may, under the rules of the
SEC, be deemed to be "participants" in the solicitation of proxies
from such company's stockholders in favor of the prospective
merger. Information regarding the persons who may be considered
"participants" in the solicitation of proxies is set forth in the
Registration Statement that is filed with the SEC. Information
regarding certain of these persons and their beneficial ownership
of the common stock of either company is also set forth in the
Schedule 14A filed by eCOST on May 27, 2005 with the SEC, and the
Schedule 14A filed by PFSweb on April 28, 2005 with the SEC.
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