May 25, 2010 (FinancialWire) — PFSweb, Inc. (NASDAQ: PFSW), a business process outsourcing services provider, said it has launched a public offering of two million shares of common stock. Craig-Hallum Capital Group will act as the lead underwriter.

PFSweb said it will grant the underwriters in the offering an option to purchase up to 300,000 additional shares of common stock at the same price per share to cover any over-allotments.

The company said it plans to use the net proceeds from the offering for general corporate purposes, including acquiring or investing in businesses, products or technologies.

Texas-based PFSweb develops and deploys eCommerce solutions for Fortune 1000, Global 2000 and brand name companies, including interactive marketing services, global fulfillment and logistics and high-touch customer care.

Through its wholly owned eCOST.com subsidiary, PFSweb also serves as a multi-category online discount retailer of new, "close-out" and manufacturer recertified brand-name merchandise for consumers and small to medium size business buyers.

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