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PFSweb, Inc. (NASDAQ: PFSW) $36M (MarketCap) Announces $7 million Stock Offering

|Includes: PFSweb, Inc. (PFSW)

PFSweb, Inc. is an international business process outsourcing services provider of end-to-end web commerce solutions and an online discount retailer. Companies partner with PFSweb to launch new online initiatives, enhance or re-platform their current eCommerce offering or streamline their business-to-business operations.

Today, it has announced a public offering of 2,000,000 shares of its common stock at $3.50 per share, less an underwriting discount of $.21 per share. This offering, expected to close on May 28, 2010, is being made only by means of an electronic prospectus and related prospectus supplement. The underwriters in the offering have been given an option to purchase up to 300,000 additional shares of common stock at the same price per share to cover any over-allotments. Craig-Hallum Capital Group, LLC, acted as the lead underwriter for the offering, and Stonegate Securities acted as co-manager. The company expects to receive net proceeds of $6.3 million from the offering, after deducting underwriting discounts and commissions and estimated expenses of the offering. These net proceeds will be used for general corporate purposes, including acquiring or investing in businesses, products or technologies.


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