New PFSWeb Distribution Center Starts Up in Mississippi; 435,000-S.F. Facility Provides Product Fulfillment for F500 Client
PFSweb, Inc. of Plano (Dallas) TX, a global leader in e-commerce fulfillment, third party logistics and business process outsourcing, has started up a 635,000 sq. ft. state-of-the-art distribution center in Southaven, Mississippi, (near Memphis) to serve an undisclosed Fortune 500 company. PFSweb, listed on the NASDAQ, has put $5 million into the high speed facility to fulfill the three-year contract and has optios for expansion. It will employ about 100 persons on average.
Plano, TX and Southaven MI (PRWEB) January 11, 2005 -- PFSweb, Inc. (NASDAQ:
PFSW) began product fulfillment operations this week for a Fortune 500 consumer
products client in a new facility at Airways Distribution Center in Southaven,
Miss. The center, a short distance from PFSweb’s nearly 1 million-square-foot
distribution hub in Memphis, Tenn., is expected to employ an average of about
100 persons.
PFSweb, a global provider of integrated business process
outsourcing (BPO) solutions, announced a three-year lease of the
435,000-square-foot building on Aug. 30, 2004. Operations at the industrial
park, created by Industrial Development Inc. (IDI) of Atlanta, Ga., support a
large, three-year contract with an undisclosed brand name client.
“To
meet our obligations for this prominent client, PFSweb expects to incur capital
expenditures of approximately $5.0 million,” said Mark Layton, senior partner
and chief executive officer of PFSweb. “Our expansion was financed in a
favorable industrial revenue bond financing structure through the State of
Mississippi and Comerica Bank.” (Announced Jan. 4, 2004.)
“The start-up
brings the PFSweb total workforce to nearly 900 employees,” Layton noted.
“Services at the new center will include inventory management, fulfillment
activities, integrated reverse logistics and transportation management.”
“The plant’s high volume throughput capability – as much as 70,000
packages a day -- makes for a very robust order fulfillment solution to
effectively accommodate the client’s variable demand and seasonality,”
emphasized Scott Talley, Partner and Vice President-Worldwide Distribution at
PFSweb.
“This new facility is a highly progressive distribution center
utilizing state-of-the-art Siemens Dematic automated material handling systems,”
Talley emphasized. The system incorporates:
• PickDirector Computer
System and PowerRail Mounted Devices, including computer-activated,
light-directed item selection, which increases quality and speed and reduces
operating costs.
• A SortDirector Computer System which enables high
speed carton sorting for optimum through-put while reducing “touches” and
handling costs.
• Siemens’ RS200 High Rate Shipping Sorter, which
provides reliable conveyance of products
and cartons regardless of their
size and shape. This technology gives the client the ability to efficiently
offer a wide array of products to their customers.
“Another key feature
of the Southaven operation includes pre-sorting of packages by destination ZIP
code to reduce the number of times packages have to be handled while in transit,
thereby reducing both in-transit damage and transportation costs. This benefit,
achieved through a sort process that facilitates bypassing carrier and postal
processing facilities, generates substantial freight cost reductions for our
client. The facility also will offer multiple delivery options, such as
next-day, ground, postal and LTL (less-than-truckload) shipments,” he
said.
“We will perform multiple quality checks using extensive in-line
barcode readers and weigh-in-motion scales for optimal throughput with a high
degree of control, which will reduce shipping errors and rework costs. Important
to this client is PFSweb’s ability to efficiently accommodate periods of both
high and variable demand year-round,” Talley stated.
“Critical benefits
for this F500 client,” Layton added, “include increased order accuracy, enhanced
customer satisfaction, faster order fulfillment, flexible warehouse capacity and
reduced inventory, direct costs and overhead. We are genuinely excited about
this client relationship, for both the performance potential and growth
opportunity it represents.”
Known as the “brand behind the brand,” PFSweb
provides seamless, transparent, “best-in-class” supply-chain efficiencies and
management for its Fortune 500 and Global 1000 clients. PFSweb currently
warehouses, manages and fulfills more than $1 billion annually in merchandise
and transactions from its distribution facilities in Memphis, Toronto, Canada,
and Liège, Belgium.
About PFSweb, Inc.
PFSweb’s comprehensive
outsourcing solutions provide proven, fast and secure business infrastructure to
enable traditional and e-commerce strategies. PFSweb solutions include:
professional consulting services, e-marketplace logistics, order management,
web-enabled customer contact centers, customer relationship management,
international distribution and fulfillment services, reverse logistics, billing
and collection services, kitting and assembly services and ERP information
interfacing utilizing its Entente SuiteSM.
PFSweb develops and deploys
integrated business infrastructure solutions and fulfillment services for
Fortune 1000, Global 2000 and brand name companies, including third party
logistics, call center support and e-commerce services. The company serves a
multitude of industries and company types, including such clients as Adaptec
(NASDAQ: ADPT), CHiA’SSO, FLAVIA® Beverage Systems, Hewlett-Packard (NYSE: HPQ),
iGo/Mobility Electronics (NASDAQ: MOBE), International Business Machines (NYSE:
IBM), Nokia (NYSE: NOK), Pfizer, Inc. (NYSE: PFE), Raytheon Aircraft Company,
René Furterer USA, Roots, Inc., Smithsonian Institution and Xerox (NYSE:
XRX).
The matters discussed in this news release, particularly
information regarding future revenue, earnings, business plans and goals,
consist of forward-looking information within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934 and are subject to and involve risks and uncertainties, which could cause
actual results to differ materially from the forward- looking information. Such
statements are not guarantees of future performance and involve risks,
uncertainties and assumptions that are difficult to predict. These statements
are based on assumptions and
estimates that management believes are
reasonable based on currently available information; however, management’s
assumptions and the Company’s future performance are both subject to a wide
range of business risks and uncertainties, and there is no assurance that these
goals and projections can or will be met. Any number of factors could cause
actual results to differ materially. The Company undertakes no obligation to
publicly update or revise any forward-looking statements. All forward-looking
information contained herein is subject to the risk factors and uncertainties
described in the Company’s filings with the Securities and Exchange Commission,
which risk factors and uncertainties are incorporated by this reference as
though fully set forth herein.
To find out more about PFSweb, Inc.
(NASDAQ: PFSW), visit our website at www.pfsweb.com. PFSweb is a registered trademark. Entente
Suite is a service mark of PFSweb. All rights reserved.
FOR MORE
INFORMATION:
Laura Osborne,Corporate Communications, PFSweb, Inc.,(972)
881-2900 x3574,e-mail protected from spam bots
OR
Preston F. Kirk, APR
Investor/Public Relations
Michael Burns & Associates Inc.
(830) 693-4447, Austin TX e-mail
protected from spam bots
# # #
Source : http://www.prweb.com/releases/2005/1/prweb195959.htm
Warning: include(footer.php) [function.include]: failed to open stream: No such file or directory in /home/business/public_html/ShippingPR/New-PFSWeb-Distribution-Center-Starts-Up-in-Mississippi.htm on line 116
Warning: include() [function.include]: Failed opening 'footer.php' for inclusion (include_path='.:/usr/lib/php:/usr/local/lib/php:/home/bollydb/ZendGdata-1.0.3/library') in /home/business/public_html/ShippingPR/New-PFSWeb-Distribution-Center-Starts-Up-in-Mississippi.htm on line 116