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Technology Stocks : PFSW - PFSweb, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Matt Quigley who wrote (4)	12/1/1999 10:49:00 PM
From: mact	Read Replies (1) \| Respond to of 107

PLANO, Texas--(BUSINESS WIRE)--Dec. 1, 1999--PFSweb, Inc. (Nasdaq:PFSW), a subsidiary of Daisytek International Corporation (Nasdaq:DZTK), announced its initial public offering (IPO) of 3,100,000 shares of common stock at $17.00 per share. All of the shares were offered by PFSweb. The Company's common stock will begin trading publicly on the Nasdaq National Market 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 it 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. The offering represents approximately 17.8 percent of PFSweb's common stock. The Company has granted the underwriters an option to purchase up to an additional 465,000 shares to cover over-allotments. Hambrecht & Quist LLC is acting as managing underwriter for the offering, and Dain Rauscher Wessels and Jefferies & Company, Inc. are acting as co-managing underwriters. 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.