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OFFER TO EXCHANGE
OUTSTANDING OPTIONS TO
PURCHASE COMMON STOCK, $.001 PAR VALUE PER SHARE,
HAVING AN EXERCISE PRICE OF
$4.00 PER SHARE OR GREATER
OF
PFSWEB, INC.
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Please direct questions about this offer or requests for assistance or
for additional copies of the offer to exchange or the letter of transmittal to
Harvey Achatz, Vice President-Administration, PFSweb, Inc., 500 North Central
Expressway, Plano, Texas 75074 (888-330-5504 x 2130) (hachatz@pfsweb.com).
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April 30, 2001