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-Rosenzweig named to PFSweb board.

BANKING AND CREDIT NEWS-May 17, 2013--Rosenzweig named to PFSweb board(C)2013 M2 COMMUNICATIONS http://www.m2.com

17 May 2013 -- Texas-based e-commerce solutions provider PFSweb Inc (NASDAQ: PFSW) said that the company's board of directors has voted to appoint Benjamin Rosenzweig as a director of the board after discussions with representatives of Privet Fund LP.

The board said it will also nominate Rosenzweig for election as a director in the company's proxy statement for its 2013 annual meeting of stockholders in connection with a settlement and standstill agreement entered into on May 15, 2013 with Privet Fund LP, Privet Fund Management LLC, Ryan Levenson and Benjamin Rosenzweig.

He will also be appointed to the Nominating Committee and Special Committee of the board.

Rosenzweig is currently an analyst at Privet Fund Management LLC.

Prior to joining Privet in 2008, Rosenzweig served as an Investment banking analyst in the financial restructuring group of Alvarez & Marsal Corporate Finance where he performed financial analysis and due diligence for M&A, capital raisings and advisory engagements across multiple industries.

PFSweb is engaged by brands to enable and manage customized e-commerce and omni-channel commerce initiatives.

Find out more at www.PFSweb.com.

1 USD = 0.656243 GBP

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Publication:M2 Banking & Credit News (BCN)
Date:May 17, 2013
Words:213
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