THE
COMPANY
We are an international provider of integrated eCommerce and
business process outsourcing solutions. We provide these
solutions to major brand name companies seeking to optimize
their supply chain efficiencies and to extend their traditional
business and
e-commerce
initiatives. Through our eCOST.com business unit, we are also a
leading multi-category online discount retailer of new,
close-out and recertified brand-name merchandise, as
well as an online retailer of name brand household and other
goods.
Corporate
Information
We are incorporated in Delaware and our headquarters are located
at 500 North Central Expressway, Plano, Texas 75074. Our
telephone number is
(972) 881-2900.
Our website is
http://www.pfsweb.com.
The information accessible through our website is not part of
this prospectus, other than the documents that we file with the
SEC that are incorporated by reference into this prospectus.
RISK
FACTORS
Investing in our securities involves risk. Prior to making a
decision about investing in our securities, you should carefully
consider the specific factors discussed under the heading
Risk Factors in our most recent annual report on
Form 10-K
and in our most recent quarterly reports on
Form 10-Q,
which are incorporated herein by reference and may be amended,
supplemented or superseded from time to time by other reports we
file with the SEC in the future. The risks and uncertainties we
have described are not the only ones we face. Additional risks
and uncertainties not presently known to us or that we currently
deem immaterial may also affect our operations. If any of these
risks actually occurs, our business, results of operations and
financial condition could suffer. In that case, the trading
price of our securities could decline, and you could lose all or
a part of your investment.
DISCLOSURE
REGARDING FORWARD-LOOKING STATEMENTS
This prospectus, including the documents incorporated by
reference, contains, and any prospectus supplement may contain,
statements that constitute forward-looking
statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
may be identified by the use of predictive, future-tense or
forward-looking terminology, such as anticipates,
believes, can, continue,
could, estimates, expects,
intends, may, plans,
potential, should, will, or
other similar expressions. These statements speak only as of the
date of this prospectus, the date of the prospectus supplement
or the date of the document incorporated by reference, as
applicable, and we undertake no ongoing obligation, other than
that imposed by law, to update these statements. These
statements appear in a number of places in this prospectus,
including the documents incorporated by reference, and relate
to, among other things, our growth strategy, and our future
financial performance, including our operations, economic
performance, financial condition, prospects, and other future
events.
In addition, a number of known and unknown risks, uncertainties,
and other factors could affect the accuracy of these statements.
These risks may cause our actual results, levels of activity,
performance, or achievements to differ materially from any
future results, levels of activity, performance, or achievements
expressed or implied by these forward-looking statements.
Important factors to consider in evaluating our forward-looking
statements include:
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our ability to retain and expand relationships with existing
clients and attract and implement new clients;
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our reliance on the fees generated by the transaction volume or
product sales of our clients;
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our reliance on our clients projections or transaction
volume or product sales;
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our dependence upon our agreements with International Business
Machines Corporation (IBM) and InfoPrint Solutions
Company (IPS), a joint venture company owned by
Ricoh and IBM;
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