PFSweb Signs Lease for New Distribution Facility
14 April 2011 - 10:00PM
Business Wire
PFSweb, Inc. (Nasdaq: PFSW), an international provider of
end-to-end e-commerce solutions, today announced it has signed a
new, five year distribution facility lease for 52,000 square feet
of space in Southaven, MS, where the Company currently operates one
of its largest distribution centers. The facility is targeted to
open in early May 2011.
Strategically located just outside of Memphis, the new facility
space is specifically designed to meet the stringent needs of
Consumer Package Goods (CPG) Manufacturers, which require food
grade (AIB International Standards www.aibonline.org) facilities,
in addition to climate and quality control processing to meet
distribution needs.
The lease arrangements provide PFSweb with the ability to
quickly expand to address potential new business opportunities. The
Company was represented by Wyatt Aiken at Commercial Tennessee.
Mark Layton, Chairman and Chief Executive Officer of PFSweb,
stated, “This is an ideal facility with flexible lease terms that
will allow us to continue to respond to our clients’ growing
infrastructure needs and requirements. We understand the high
standards that consumers have come to expect from the iconic brands
we serve at PFSweb. And as the “Brand behind the Brand”, it is
important our customized, end-to-end web commerce solutions
accentuate our clients’ brand value. With this new facility, we can
apply our practice of delivering superior service to engage new CPG
clients that require high quality, climate controlled and AIB “food
grade” standards for their products.”
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, Lucky Brand Jeans, Juicy Couture,
Kensie, Monet, kate spade new york, 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, 2010 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 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.
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