PFSweb's Underwriters Exercise Over-Allotment Option:
biz.yahoo.com
PLANO, Texas--(BUSINESS WIRE)--Dec. 8, 1999--PFSweb, Inc. (Nasdaq:PFSW - news), a subsidiary of Daisytek International Corporation (Nasdaq:DZTK - news), announced that the underwriters associated with its initial public offering (IPO) have exercised the option to purchase the entire 465,000 additional shares of common stock of PFSweb, Inc. available to cover over-allotments. The underwriters are Hambrecht & Quist LLC, Dain Rauscher Wessels, and Jefferies & Company, Inc. The Company's common stock began trading publicly on the Nasdaq National Market on Thursday, Dec. 1, 1999 under the symbol PFSW.
PFSweb is an international provider of transaction management services for both traditional and e-commerce companies. The Company provides a broad range of services, including order management, customer care services, billing services, information management and fulfillment and distribution services. PFSweb offers its services as an integrated solution that enables its clients to outsource their transaction management needs to a single source and to focus on their core competencies.
A copy of the prospectus relating to the offering may be obtained by writing the prospectus department of Hambrecht & Quist LLC, One Bush Street, San Francisco, California 94104 or calling 415/439-3423.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification of the securities law of any such state.
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Contact:
PFSweb, Inc.
Mark C. Layton/Thomas J. Madden, 972/881-2900
mlayton@pfsweb.com
tmadden@pfsweb.com
or
Michael A. Burns & Associates
Craig McDaniel, 214/521-8596
cmcdaniel@mbapr.com |
