Washington, DC, United States

United States Mint

www.usmint.gov/
Washington, DC, United States

The United States Mint primarily produces circulating coinage for the United States to conduct its trade and commerce. The Mint was created by Congress with the Coinage Act of 1792, and originally placed within the Department of State. Per the terms of the Coinage Act, the first Mint building was in Philadelphia, then the capital of the United States; it was the first building of the Republic raised under the Constitution. Today, the Mint's headquarters are in Washington D.C. which is not a coin producing facility. It operates mint facilities in Philadelphia, Denver, San Francisco, and West Point, New York and a bullion depository at Fort Knox, Kentucky. Official Mints were once also located in Carson City, Nevada, Charlotte, North Carolina, Dahlonega, Georgia, New Orleans, Louisiana, Washington, D.C.; and even in Manila, in the Philippines.The Mint was made an independent agency in 1799. It converted precious metals into standard coin for anyone's account with no seigniorage charge beyond the refining costs. Under the Coinage Act of 1873, the Mint became part of the Department of the Treasury. It was placed under the auspices of the Treasurer of the United States in 1981. Legal tender coins of today are minted solely for the Treasury's account. Wikipedia.

SEARCH FILTERS
Time filter
Source Type

News Article | May 2, 2017
Site: www.prweb.com

The United States Mint today announced a call for artists to design the obverse (heads side) of the commemorative coin honoring the first manned moon landing. Authorized by law, the Apollo 11 50th Anniversary Commemorative Coin Program celebrates the innovation and bravery of the successful mission and the fallen astronauts who preceded that endeavor. The competition invites artists to design a common obverse image that is emblematic of the United States Space Program leading up to the first manned Moon landing. The winning artist will receive $5,000 and have his or her initials included on the coins. Competition details and entry can be accessed at http://www.usmint.gov/apollo. “The success of the crew and the team behind Apollo 11 nearly 50 years ago holds special meaning to Americans,” said David Motl, Acting Principal Deputy Director of the United States Mint. “The Apollo 11 Commemorative Coin Design Competition presents a unique way for artists to capture the sense of pride for such an enormous accomplishment, while also memorializing fallen astronauts.” Phase One of the competition, which is open through June 29, 2017, or until 1,000 entries are received, calls for artists age 18 and older to submit portfolios of their prior work. From these entries, an expert jury will select no more than 20 applicants to participate in Phase Two. During Phase Two, artists will create an original design for the common obverse of the coin, which shall be submitted as a digital file. The final winner will be announced in 2018. As authorized by law, the common reverse (tails side) will depict a representation of a close-up of the famous ‘‘Buzz Aldrin on the Moon’’ photograph taken July 20, 1969, which shows the visor and part of the helmet of the famed astronaut. An expert jury composed of members of the U.S. Commission of Fine Arts and the Citizens Coinage Advisory Committee will review and score design submissions. Both groups provide experienced and impartial expertise in advancing the state of public art and the interests of American citizens and coin collectors. The jury will choose a winning design to recommend the Secretary of the Treasury for selection. With the winning design selected, the United States Mint will begin issuing curved gold, silver, clad, and five ounce silver commemorative coins in 2019. Surcharges for this program are authorized to be paid in various denominations to three recipient organizations: the Smithsonian Institution’s National Air and Space Museum’s ‘‘Destination Moon’’ exhibit, the Astronauts Memorial Foundation, and the Astronaut Scholarship Foundation. For the first time in recent history, this commemorative coin program will be composed of four coins instead of three, including $5 gold coins, $1 silver coins, half-dollar clad coins, and five ounce silver proof coins. This will be the first time that a curved version of a five ounce silver coin is produced and offered by the United States Mint. “The Apollo 11 50th Anniversary Commemorative Coin Program represents a meaningful and exciting undertaking for the United States Mint,” said Motl. “We look forward to the public’s participation in creating the final obverse design.” About the United States Mint The United States Mint was created by Congress in 1792 and became part of the Department of the Treasury in 1873. It is the Nation's sole manufacturer of legal tender coinage and is responsible for producing circulating coinage for the Nation to conduct its trade and commerce. The United States Mint also produces numismatic products, including proof, uncirculated, and commemorative coins; Congressional Gold Medals; and silver and gold bullion coins. Its numismatic programs are self-sustaining and operate at no cost to taxpayers. The Mint is celebrating its 225th anniversary in 2017 (#USMint225).


News Article | May 22, 2017
Site: www.prweb.com

WHAT: Join officials from the United States Mint and the National Park Service for the official launch of the America the Beautiful Quarters® Program coin honoring Ozark National Scenic Riverways in Missouri on Monday, June 5, 2017, at 11 a.m. CT. Ceremony highlights include musical entertainment by The Baker Family, an award winning bluegrass band from South Central Missouri. United States Mint Artistic Infusion Program artist Ron Sanders, designer of the Ozark National Scenic Riverways quarter, will also attend. A coin exchange of $10 rolls of newly-minted Ozark National Scenic Riverways quarters after the ceremony. Note: The park recently experienced historic flooding, and is undergoing recovery efforts. The ceremony will still take place on the grounds near the mill. The mill may be open for visitors by then. COIN FORUM The United States Mint will host a coin forum the evening before the launch ceremony—Sunday, June 4, 2017, 6-7 p.m. CT—at the Echo Bluff State Park, Nixon Room, 34489 Echo Bluff Drive, Eminence, MO 65466. The coin forum is an opportunity for the public to learn about upcoming United States Mint coin programs and initiatives, and express their views about future coinage. The Ozark National Scenic Riverways quarter is the 38th release in the United States Mint America the Beautiful Quarters Program, a 12-year initiative that honors 56 national parks and other national sites authorized by Public Law 110-456. Each year, the public will see five new national sites depicted on the reverses (tails sides) of the America the Beautiful Quarters. The United States Mint is issuing these quarters in the order in which the national sites were officially established.


News Article | April 26, 2017
Site: www.prweb.com

How has the Trump administration affected the price of gold? Is it a good time to buy or sell? How can you avoid overpaying when purchasing gold and avoid receiving too little when you sell? The best ways to buy, sell and store gold and add precious metals to a diversified portfolio will be the topic of a free educational seminar at the National Rifle Association’s Annual Meetings & Events (http://www.NRAam.org) in Atlanta, Georgia on Saturday, April 29, 2017. It will be presented by award-winning rare coins and precious metals writer Michael Fuljenz, President of Universal Coin & Bullion (http://www.UniversalCoin.com) in Beaumont, Texas. The one-hour 8th Annual Freedom First Financial Seminar will be open to the public and begins at 11:00 am in room B-310 in the Georgia World Congress Center in Atlanta, site of the NRA events. “Gold already has performed well so far this year, and it has a good chance of continuing to rise under the Trump administration in view his plans to significantly increase military spending and because gold tends to rise in the first year of new presidents,” said Fuljenz. “We’ve certainly seen an increase in new customers buying gold as well as existing customers purchasing more since Trump was elected.” Universal Coin & Bullion is the Official Bullion and Rare Coin Expert of NRA Publications. The company will co-sponsor the NRA Prayer Breakfast on Sunday, April 30. The company also will have a display of gold coins at its booth #1142 during the 2017 NRA Annual Meetings & Exhibits. Copies of Fuljenz’ acclaimed gold coins reference book, Type Three Double Eagles 1877 – 1907, 2nd Edition, will be available at the booth. It received the Book of the Year Award from the prestigious Numismatic Literary Guild. In addition to being a Golden Ring of Freedom member, Fuljenz is an NRA Benefactor member and long-time supporter of the NRA's Eddie Eagle Gunsafe® program. He has won more than 60 prestigious national and regional awards and honors for his consumer education and protection work about rare coins and gold and silver. Known as America’s Gold Expert®, Fuljenz also has served with distinction as a consultant to the Federal Trade Commission, United States Mint and Royal Canadian Mint, and is on the Boards of Directors of the influential Industry Council For Tangible Assets, Numismatic Literary Guild and Crime Stoppers of Beaumont, Texas. He is a member of the prestigious Professional Numismatists Guild (PNG), is a PNG Accredited Precious Metals Dealer, and received an Honorary Doctorate in Humane Letters from McNeese State University. For additional information about Universal Coin & Bullion visit http://www.UniversalCoin.com, and for information about the NRA Annual Meetings and Exhibits, visit http://www.NRAam.org.


News Article | May 10, 2017
Site: globenewswire.com

ALLEN, Texas, May 10, 2017 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ:PFSW) (PFS), a global commerce service provider, is reporting results for the first quarter ended March 31, 2017. First Quarter 2017 Summary vs. Same Year-Ago Quarter “We are keenly focused in 2017 on driving improved financial results and delivering optimal performance in support of our new and existing client relationships,” said Mike Willoughby, CEO of PFS. “During the first quarter, we made strong progress on both of these objectives. Our existing client satisfaction was evidenced through continued contract expansion, including the three-year contract extension we signed in March with our long-time customer, L’Oreal USA. Additionally, our new client wins reflect support for the breadth and strength of our service offering for both professional services and operations related engagements, as well as an ongoing improvement in B2B project wins. “We continue to manage our omni-channel operations activity with a focus on driving higher-margin engagements, while also taking ongoing actions to reduce overhead and other costs where possible. We expect the benefit of our profitability initiatives to take hold in the second half of the year, driving targeted adjusted EBITDA growth of 26% to 43% in 2017.” Total revenues in the first quarter of 2017 increased 5% to $78.8 million compared to $75.1 million in the same period of 2016. Service fee revenue in the first quarter increased 16% to $57.3 million compared to $49.3 million last year. Product revenue from the company’s last remaining client under this legacy business model was $11.3 million compared to $13.6 million in the same period of 2016. Service fee equivalent revenue increased 16% to $57.9 million compared to $50.0 million in the year-ago quarter, driven by both new and expanded client relationships. Service fee gross margin in the first quarter of 2017 was 30.9% compared to 34.6% in the same period of 2016. The decrease was due to the impact of several large fulfillment clients that were implemented subsequent to the March 2016 quarter which operated at lower than targeted margin performance. Through various initiatives, the company is targeting to improve the financial performance of its omni-channel operations activity while also continuing to focus on higher margin professional services engagements. Net loss in the first quarter of 2017 was $4.9 million or $(0.26) per share, compared to a net loss of $0.8 million or $(0.04) per share in the same period of 2016. Net loss in the first quarter of 2017 included $2.7 million of acquisition-related, restructuring and other costs, $0.8 million in amortization of acquisition-related intangible assets, $0.5 million in stock-based compensation expense, and $0.2 million of deferred tax expense related to goodwill amortization. This compares to $0.8 million in amortization of acquisition-related intangible assets, $0.8 million in stock-based compensation expense, and a $0.8 million benefit from acquisition-related, restructuring and other costs in the same period of 2016. Adjusted EBITDA was $3.7 million compared to $3.8 million in the same period of 2016. As a percentage of service fee equivalent revenue, adjusted EBITDA was 6.3% compared to 7.5% in the year-ago quarter. The decline in adjusted EBITDA margin was primarily driven by the aforementioned decline in service fee gross margin. Non-GAAP net loss in the first quarter of 2017 was $0.8 million compared to non-GAAP net income of $41,000 in the first quarter of 2016. At March 31, 2017, cash and cash equivalents totaled $15.6 million compared to $24.4 million at December 31, 2016. Total debt was $53.0 million compared to $59.7 million at December 31, 2016.                                  2017 Outlook PFS is reiterating its outlook for 2017 service fee equivalent revenue to range between $240 million and $250 million, reflecting growth of 5% to 9% from 2016. The company also maintains its target for adjusted EBITDA to range between $23 million and $26 million, reflecting 26% to 43% growth from 2016. PFS will conduct a conference call today at 5:00 p.m. Eastern time to discuss its results for the first quarter ended March 31, 2017. PFS CEO Michael Willoughby and CFO Tom Madden will host the conference call, followed by a question and answer period. Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Liolios at 1-949-574-3860. The conference call will be broadcast live and available for replay at http://public.viavid.com/index.php?id=124116 and via the investor relations section of the company’s website at www.pfsweb.com. A replay of the conference call will be available after 8:00 p.m. Eastern Time on the same day through May 24, 2017. PFSweb (PFS) (NASDAQ:PFSW) is a global commerce service provider of solutions including digital strategy consulting, digital agency and marketing services, technology development services, business process outsourcing services, and a complete omni-channel technology ecosystem. The company provides these solutions and services to major brand names and other companies seeking to optimize every customer experience and enhance their traditional and online business channels. PFS supports organizations across various industries, including Procter & Gamble, L'Oreal USA, LEGO, Canada Goose, ASICS, Roots Canada Ltd., PANDORA, Charlotte Russe, Anastasia Beverly Hills, David’s Bridal, T.J. Maxx, the United States Mint, and many more. PFS is headquartered in Allen, TX with additional locations in Tennessee, Mississippi, Minnesota, Washington, New York, Ohio, North Carolina, Canada, Belgium, United Kingdom, Bulgaria, and India. For more information, please visit www.pfsweb.com or download the free PFS IR App on your iPhone, iPad, or Android device. This news release contains certain non-GAAP measures, including non-GAAP net income (loss), earnings before interest, income taxes, depreciation and amortization (EBITDA), adjusted EBITDA and service fee equivalent revenue. Non-GAAP net income (loss) represents net income (loss) calculated in accordance with U.S. GAAP as adjusted for the impact of non-cash stock-based compensation expense, acquisition-related, restructuring and other (income) costs, amortization of acquisition-related intangible assets and deferred tax expense for goodwill amortization. EBITDA represents earnings (or losses) before interest, income taxes, depreciation, and amortization. Adjusted EBITDA further eliminates the effect of stock-based compensation, acquisition-related, restructuring and other (income) costs. Service fee equivalent revenue represents service fee revenue plus the gross profit earned on product revenue and does not alter existing revenue recognition. Our service fee equivalent revenue target for 2017 includes an estimated gross margin on product sales of approximately $2 million (based on targeted product revenue of $42 million less targeted cost of product revenue of $40 million) plus a targeted range of between $238 million to $248 million of service fee revenue. The adjusted EBITDA outlook for 2017 have not been reconciled to the company’s net loss outlook for the same period because certain items that would impact interest expense, income tax provision (benefit), depreciation and amortization (including amortization of acquisition-related intangible assets), stock-based compensation, and acquisition-related, restructuring and other (income) costs, all of which are reconciling items between net loss and adjusted EBITDA, cannot be reasonably predicted. Accordingly, reconciliation of adjusted EBITDA outlook to net loss outlook for 2017 is not available without unreasonable effort. Non-GAAP net income (loss), EBITDA, adjusted EBITDA and service fee equivalent revenue are used by management, analysts, investors and other interested parties in evaluating our operating performance compared to that of other companies in our industry. The calculation of non-GAAP net income (loss) eliminates the effect of stock-based compensation, acquisition-related, restructuring and other (income) costs, amortization of acquisition-related intangible assets, deferred tax expense for goodwill amortization, and EBITDA and adjusted EBITDA further eliminate the effect of financing, remaining income taxes and the accounting effects of capital spending, which items may vary from different companies for reasons unrelated to overall operating performance. Service fee equivalent revenue allows client contracts with similar operational support models but different financial models to be combined as if all contracts were being operated on a service fee revenue basis. PFS believes these non-GAAP measures provide useful information to both management and investors by focusing on certain operational metrics and excluding certain expenses in order to present its core operating performance and results. These measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results. The non-GAAP measures included in this press release have been reconciled to the GAAP results in the attached tables. The matters discussed herein consist of forward-looking information under the Private Securities Litigation Reform Act of 1995 and is subject to and involves risks and uncertainties, which could cause actual results to differ materially from the forward-looking information. PFS' Annual Report on Form 10-K for the year ended December 31, 2016 identifies certain factors that could cause actual results to differ materially from those projected in any forward looking statements made and investors are advised to review the Annual Report of the company and the Risk Factors described therein. PFS undertakes no obligation to update publicly any forward-looking statement for any reason, even if new information becomes available or other events occur in the future. There may be additional risks that we do not currently view as material or that are not presently known.


News Article | May 10, 2017
Site: globenewswire.com

ALLEN, Texas, May 10, 2017 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ:PFSW) (PFS), a global commerce service provider, is reporting results for the first quarter ended March 31, 2017. First Quarter 2017 Summary vs. Same Year-Ago Quarter “We are keenly focused in 2017 on driving improved financial results and delivering optimal performance in support of our new and existing client relationships,” said Mike Willoughby, CEO of PFS. “During the first quarter, we made strong progress on both of these objectives. Our existing client satisfaction was evidenced through continued contract expansion, including the three-year contract extension we signed in March with our long-time customer, L’Oreal USA. Additionally, our new client wins reflect support for the breadth and strength of our service offering for both professional services and operations related engagements, as well as an ongoing improvement in B2B project wins. “We continue to manage our omni-channel operations activity with a focus on driving higher-margin engagements, while also taking ongoing actions to reduce overhead and other costs where possible. We expect the benefit of our profitability initiatives to take hold in the second half of the year, driving targeted adjusted EBITDA growth of 26% to 43% in 2017.” Total revenues in the first quarter of 2017 increased 5% to $78.8 million compared to $75.1 million in the same period of 2016. Service fee revenue in the first quarter increased 16% to $57.3 million compared to $49.3 million last year. Product revenue from the company’s last remaining client under this legacy business model was $11.3 million compared to $13.6 million in the same period of 2016. Service fee equivalent revenue increased 16% to $57.9 million compared to $50.0 million in the year-ago quarter, driven by both new and expanded client relationships. Service fee gross margin in the first quarter of 2017 was 30.9% compared to 34.6% in the same period of 2016. The decrease was due to the impact of several large fulfillment clients that were implemented subsequent to the March 2016 quarter which operated at lower than targeted margin performance. Through various initiatives, the company is targeting to improve the financial performance of its omni-channel operations activity while also continuing to focus on higher margin professional services engagements. Net loss in the first quarter of 2017 was $4.9 million or $(0.26) per share, compared to a net loss of $0.8 million or $(0.04) per share in the same period of 2016. Net loss in the first quarter of 2017 included $2.7 million of acquisition-related, restructuring and other costs, $0.8 million in amortization of acquisition-related intangible assets, $0.5 million in stock-based compensation expense, and $0.2 million of deferred tax expense related to goodwill amortization. This compares to $0.8 million in amortization of acquisition-related intangible assets, $0.8 million in stock-based compensation expense, and a $0.8 million benefit from acquisition-related, restructuring and other costs in the same period of 2016. Adjusted EBITDA was $3.7 million compared to $3.8 million in the same period of 2016. As a percentage of service fee equivalent revenue, adjusted EBITDA was 6.3% compared to 7.5% in the year-ago quarter. The decline in adjusted EBITDA margin was primarily driven by the aforementioned decline in service fee gross margin. Non-GAAP net loss in the first quarter of 2017 was $0.8 million compared to non-GAAP net income of $41,000 in the first quarter of 2016. At March 31, 2017, cash and cash equivalents totaled $15.6 million compared to $24.4 million at December 31, 2016. Total debt was $53.0 million compared to $59.7 million at December 31, 2016.                                  2017 Outlook PFS is reiterating its outlook for 2017 service fee equivalent revenue to range between $240 million and $250 million, reflecting growth of 5% to 9% from 2016. The company also maintains its target for adjusted EBITDA to range between $23 million and $26 million, reflecting 26% to 43% growth from 2016. PFS will conduct a conference call today at 5:00 p.m. Eastern time to discuss its results for the first quarter ended March 31, 2017. PFS CEO Michael Willoughby and CFO Tom Madden will host the conference call, followed by a question and answer period. Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Liolios at 1-949-574-3860. The conference call will be broadcast live and available for replay at http://public.viavid.com/index.php?id=124116 and via the investor relations section of the company’s website at www.pfsweb.com. A replay of the conference call will be available after 8:00 p.m. Eastern Time on the same day through May 24, 2017. PFSweb (PFS) (NASDAQ:PFSW) is a global commerce service provider of solutions including digital strategy consulting, digital agency and marketing services, technology development services, business process outsourcing services, and a complete omni-channel technology ecosystem. The company provides these solutions and services to major brand names and other companies seeking to optimize every customer experience and enhance their traditional and online business channels. PFS supports organizations across various industries, including Procter & Gamble, L'Oreal USA, LEGO, Canada Goose, ASICS, Roots Canada Ltd., PANDORA, Charlotte Russe, Anastasia Beverly Hills, David’s Bridal, T.J. Maxx, the United States Mint, and many more. PFS is headquartered in Allen, TX with additional locations in Tennessee, Mississippi, Minnesota, Washington, New York, Ohio, North Carolina, Canada, Belgium, United Kingdom, Bulgaria, and India. For more information, please visit www.pfsweb.com or download the free PFS IR App on your iPhone, iPad, or Android device. This news release contains certain non-GAAP measures, including non-GAAP net income (loss), earnings before interest, income taxes, depreciation and amortization (EBITDA), adjusted EBITDA and service fee equivalent revenue. Non-GAAP net income (loss) represents net income (loss) calculated in accordance with U.S. GAAP as adjusted for the impact of non-cash stock-based compensation expense, acquisition-related, restructuring and other (income) costs, amortization of acquisition-related intangible assets and deferred tax expense for goodwill amortization. EBITDA represents earnings (or losses) before interest, income taxes, depreciation, and amortization. Adjusted EBITDA further eliminates the effect of stock-based compensation, acquisition-related, restructuring and other (income) costs. Service fee equivalent revenue represents service fee revenue plus the gross profit earned on product revenue and does not alter existing revenue recognition. Our service fee equivalent revenue target for 2017 includes an estimated gross margin on product sales of approximately $2 million (based on targeted product revenue of $42 million less targeted cost of product revenue of $40 million) plus a targeted range of between $238 million to $248 million of service fee revenue. The adjusted EBITDA outlook for 2017 have not been reconciled to the company’s net loss outlook for the same period because certain items that would impact interest expense, income tax provision (benefit), depreciation and amortization (including amortization of acquisition-related intangible assets), stock-based compensation, and acquisition-related, restructuring and other (income) costs, all of which are reconciling items between net loss and adjusted EBITDA, cannot be reasonably predicted. Accordingly, reconciliation of adjusted EBITDA outlook to net loss outlook for 2017 is not available without unreasonable effort. Non-GAAP net income (loss), EBITDA, adjusted EBITDA and service fee equivalent revenue are used by management, analysts, investors and other interested parties in evaluating our operating performance compared to that of other companies in our industry. The calculation of non-GAAP net income (loss) eliminates the effect of stock-based compensation, acquisition-related, restructuring and other (income) costs, amortization of acquisition-related intangible assets, deferred tax expense for goodwill amortization, and EBITDA and adjusted EBITDA further eliminate the effect of financing, remaining income taxes and the accounting effects of capital spending, which items may vary from different companies for reasons unrelated to overall operating performance. Service fee equivalent revenue allows client contracts with similar operational support models but different financial models to be combined as if all contracts were being operated on a service fee revenue basis. PFS believes these non-GAAP measures provide useful information to both management and investors by focusing on certain operational metrics and excluding certain expenses in order to present its core operating performance and results. These measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results. The non-GAAP measures included in this press release have been reconciled to the GAAP results in the attached tables. The matters discussed herein consist of forward-looking information under the Private Securities Litigation Reform Act of 1995 and is subject to and involves risks and uncertainties, which could cause actual results to differ materially from the forward-looking information. PFS' Annual Report on Form 10-K for the year ended December 31, 2016 identifies certain factors that could cause actual results to differ materially from those projected in any forward looking statements made and investors are advised to review the Annual Report of the company and the Risk Factors described therein. PFS undertakes no obligation to update publicly any forward-looking statement for any reason, even if new information becomes available or other events occur in the future. There may be additional risks that we do not currently view as material or that are not presently known.


News Article | May 12, 2017
Site: globenewswire.com

ALLEN, Texas, May 12, 2017 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ:PFSW), a global commerce service provider, will present at four financial conferences through May and June 2017. Needham Emerging Technology Conference Presentation: Wednesday, May 17th at 10:00 a.m. ET Where: Westin Grand Central Hotel, New York City Webcast: http://wsw.com/webcast/needham81/pfsw B. Riley & Co. 18th Annual Investor Conference Presentation: Thursday, May 25th at 1:00 p.m. PT Where: Loews Santa Monica Beach Hotel, Santa Monica, CA  Webcast: http://www.wsw.com/webcast/brileyco18/pfsw Craig-Hallum 14th Annual Institutional Investor Conference Presentation: Small group meetings and 1-on-1’s on Wednesday, May 31st Where: Depot Renaissance Hotel, Minneapolis Cowen & Co. 45th Annual Technology, Media & Telecom Conference Presentation: Thursday, June 1st at 9:30 a.m. ET Where: Lotte New York Palace Hotel, New York City Webcast: http://wsw.com/webcast/cowen40/pfsw For more information about the conferences or to schedule a 1-on-1 meeting with PFSweb management, please contact your respective conference representative or call the company’s investor relations team at (949) 574-3860. PFSweb (PFS) (NASDAQ:PFSW) is a global commerce service provider of solutions including digital strategy consulting, digital agency and marketing services, technology development services, business process outsourcing services, and a complete omni-channel technology ecosystem. The company provides these solutions and services to major brand names and other companies seeking to optimize every customer experience and enhance their traditional and online business channels. PFS supports organizations across various industries, including Procter & Gamble, L'Oreal USA, LEGO, Canada Goose, ASICS, Roots Canada Ltd., PANDORA, Charlotte Russe, Anastasia Beverly Hills, David's Bridal, T.J. Maxx, the United States Mint and many more. PFS is headquartered in Allen, TX with additional locations in Tennessee, Mississippi, Minnesota, Washington, New York, Ohio, North Carolina, Canada, Belgium, England, Bulgaria, and India. For more information, please visit www.pfsweb.com or download the free PFS IR App on your iPhone, iPad, or Android device.


News Article | May 12, 2017
Site: globenewswire.com

ALLEN, Texas, May 12, 2017 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ:PFSW), a global commerce service provider, will present at four financial conferences through May and June 2017. Needham Emerging Technology Conference Presentation: Wednesday, May 17th at 10:00 a.m. ET Where: Westin Grand Central Hotel, New York City Webcast: http://wsw.com/webcast/needham81/pfsw B. Riley & Co. 18th Annual Investor Conference Presentation: Thursday, May 25th at 1:00 p.m. PT Where: Loews Santa Monica Beach Hotel, Santa Monica, CA  Webcast: http://www.wsw.com/webcast/brileyco18/pfsw Craig-Hallum 14th Annual Institutional Investor Conference Presentation: Small group meetings and 1-on-1’s on Wednesday, May 31st Where: Depot Renaissance Hotel, Minneapolis Cowen & Co. 45th Annual Technology, Media & Telecom Conference Presentation: Thursday, June 1st at 9:30 a.m. ET Where: Lotte New York Palace Hotel, New York City Webcast: http://wsw.com/webcast/cowen40/pfsw For more information about the conferences or to schedule a 1-on-1 meeting with PFSweb management, please contact your respective conference representative or call the company’s investor relations team at (949) 574-3860. PFSweb (PFS) (NASDAQ:PFSW) is a global commerce service provider of solutions including digital strategy consulting, digital agency and marketing services, technology development services, business process outsourcing services, and a complete omni-channel technology ecosystem. The company provides these solutions and services to major brand names and other companies seeking to optimize every customer experience and enhance their traditional and online business channels. PFS supports organizations across various industries, including Procter & Gamble, L'Oreal USA, LEGO, Canada Goose, ASICS, Roots Canada Ltd., PANDORA, Charlotte Russe, Anastasia Beverly Hills, David's Bridal, T.J. Maxx, the United States Mint and many more. PFS is headquartered in Allen, TX with additional locations in Tennessee, Mississippi, Minnesota, Washington, New York, Ohio, North Carolina, Canada, Belgium, England, Bulgaria, and India. For more information, please visit www.pfsweb.com or download the free PFS IR App on your iPhone, iPad, or Android device.


News Article | May 12, 2017
Site: globenewswire.com

ALLEN, Texas, May 12, 2017 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ:PFSW), a global commerce service provider, will present at four financial conferences through May and June 2017. Needham Emerging Technology Conference Presentation: Wednesday, May 17th at 10:00 a.m. ET Where: Westin Grand Central Hotel, New York City Webcast: http://wsw.com/webcast/needham81/pfsw B. Riley & Co. 18th Annual Investor Conference Presentation: Thursday, May 25th at 1:00 p.m. PT Where: Loews Santa Monica Beach Hotel, Santa Monica, CA  Webcast: http://www.wsw.com/webcast/brileyco18/pfsw Craig-Hallum 14th Annual Institutional Investor Conference Presentation: Small group meetings and 1-on-1’s on Wednesday, May 31st Where: Depot Renaissance Hotel, Minneapolis Cowen & Co. 45th Annual Technology, Media & Telecom Conference Presentation: Thursday, June 1st at 9:30 a.m. ET Where: Lotte New York Palace Hotel, New York City Webcast: http://wsw.com/webcast/cowen40/pfsw For more information about the conferences or to schedule a 1-on-1 meeting with PFSweb management, please contact your respective conference representative or call the company’s investor relations team at (949) 574-3860. PFSweb (PFS) (NASDAQ:PFSW) is a global commerce service provider of solutions including digital strategy consulting, digital agency and marketing services, technology development services, business process outsourcing services, and a complete omni-channel technology ecosystem. The company provides these solutions and services to major brand names and other companies seeking to optimize every customer experience and enhance their traditional and online business channels. PFS supports organizations across various industries, including Procter & Gamble, L'Oreal USA, LEGO, Canada Goose, ASICS, Roots Canada Ltd., PANDORA, Charlotte Russe, Anastasia Beverly Hills, David's Bridal, T.J. Maxx, the United States Mint and many more. PFS is headquartered in Allen, TX with additional locations in Tennessee, Mississippi, Minnesota, Washington, New York, Ohio, North Carolina, Canada, Belgium, England, Bulgaria, and India. For more information, please visit www.pfsweb.com or download the free PFS IR App on your iPhone, iPad, or Android device.


News Article | May 10, 2017
Site: globenewswire.com

ALLEN, Texas, May 10, 2017 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ:PFSW) (PFS), a global commerce service provider, is reporting results for the first quarter ended March 31, 2017. First Quarter 2017 Summary vs. Same Year-Ago Quarter “We are keenly focused in 2017 on driving improved financial results and delivering optimal performance in support of our new and existing client relationships,” said Mike Willoughby, CEO of PFS. “During the first quarter, we made strong progress on both of these objectives. Our existing client satisfaction was evidenced through continued contract expansion, including the three-year contract extension we signed in March with our long-time customer, L’Oreal USA. Additionally, our new client wins reflect support for the breadth and strength of our service offering for both professional services and operations related engagements, as well as an ongoing improvement in B2B project wins. “We continue to manage our omni-channel operations activity with a focus on driving higher-margin engagements, while also taking ongoing actions to reduce overhead and other costs where possible. We expect the benefit of our profitability initiatives to take hold in the second half of the year, driving targeted adjusted EBITDA growth of 26% to 43% in 2017.” Total revenues in the first quarter of 2017 increased 5% to $78.8 million compared to $75.1 million in the same period of 2016. Service fee revenue in the first quarter increased 16% to $57.3 million compared to $49.3 million last year. Product revenue from the company’s last remaining client under this legacy business model was $11.3 million compared to $13.6 million in the same period of 2016. Service fee equivalent revenue increased 16% to $57.9 million compared to $50.0 million in the year-ago quarter, driven by both new and expanded client relationships. Service fee gross margin in the first quarter of 2017 was 30.9% compared to 34.6% in the same period of 2016. The decrease was due to the impact of several large fulfillment clients that were implemented subsequent to the March 2016 quarter which operated at lower than targeted margin performance. Through various initiatives, the company is targeting to improve the financial performance of its omni-channel operations activity while also continuing to focus on higher margin professional services engagements. Net loss in the first quarter of 2017 was $4.9 million or $(0.26) per share, compared to a net loss of $0.8 million or $(0.04) per share in the same period of 2016. Net loss in the first quarter of 2017 included $2.7 million of acquisition-related, restructuring and other costs, $0.8 million in amortization of acquisition-related intangible assets, $0.5 million in stock-based compensation expense, and $0.2 million of deferred tax expense related to goodwill amortization. This compares to $0.8 million in amortization of acquisition-related intangible assets, $0.8 million in stock-based compensation expense, and a $0.8 million benefit from acquisition-related, restructuring and other costs in the same period of 2016. Adjusted EBITDA was $3.7 million compared to $3.8 million in the same period of 2016. As a percentage of service fee equivalent revenue, adjusted EBITDA was 6.3% compared to 7.5% in the year-ago quarter. The decline in adjusted EBITDA margin was primarily driven by the aforementioned decline in service fee gross margin. Non-GAAP net loss in the first quarter of 2017 was $0.8 million compared to non-GAAP net income of $41,000 in the first quarter of 2016. At March 31, 2017, cash and cash equivalents totaled $15.6 million compared to $24.4 million at December 31, 2016. Total debt was $53.0 million compared to $59.7 million at December 31, 2016.                                  2017 Outlook PFS is reiterating its outlook for 2017 service fee equivalent revenue to range between $240 million and $250 million, reflecting growth of 5% to 9% from 2016. The company also maintains its target for adjusted EBITDA to range between $23 million and $26 million, reflecting 26% to 43% growth from 2016. PFS will conduct a conference call today at 5:00 p.m. Eastern time to discuss its results for the first quarter ended March 31, 2017. PFS CEO Michael Willoughby and CFO Tom Madden will host the conference call, followed by a question and answer period. Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Liolios at 1-949-574-3860. The conference call will be broadcast live and available for replay at http://public.viavid.com/index.php?id=124116 and via the investor relations section of the company’s website at www.pfsweb.com. A replay of the conference call will be available after 8:00 p.m. Eastern Time on the same day through May 24, 2017. PFSweb (PFS) (NASDAQ:PFSW) is a global commerce service provider of solutions including digital strategy consulting, digital agency and marketing services, technology development services, business process outsourcing services, and a complete omni-channel technology ecosystem. The company provides these solutions and services to major brand names and other companies seeking to optimize every customer experience and enhance their traditional and online business channels. PFS supports organizations across various industries, including Procter & Gamble, L'Oreal USA, LEGO, Canada Goose, ASICS, Roots Canada Ltd., PANDORA, Charlotte Russe, Anastasia Beverly Hills, David’s Bridal, T.J. Maxx, the United States Mint, and many more. PFS is headquartered in Allen, TX with additional locations in Tennessee, Mississippi, Minnesota, Washington, New York, Ohio, North Carolina, Canada, Belgium, United Kingdom, Bulgaria, and India. For more information, please visit www.pfsweb.com or download the free PFS IR App on your iPhone, iPad, or Android device. This news release contains certain non-GAAP measures, including non-GAAP net income (loss), earnings before interest, income taxes, depreciation and amortization (EBITDA), adjusted EBITDA and service fee equivalent revenue. Non-GAAP net income (loss) represents net income (loss) calculated in accordance with U.S. GAAP as adjusted for the impact of non-cash stock-based compensation expense, acquisition-related, restructuring and other (income) costs, amortization of acquisition-related intangible assets and deferred tax expense for goodwill amortization. EBITDA represents earnings (or losses) before interest, income taxes, depreciation, and amortization. Adjusted EBITDA further eliminates the effect of stock-based compensation, acquisition-related, restructuring and other (income) costs. Service fee equivalent revenue represents service fee revenue plus the gross profit earned on product revenue and does not alter existing revenue recognition. Our service fee equivalent revenue target for 2017 includes an estimated gross margin on product sales of approximately $2 million (based on targeted product revenue of $42 million less targeted cost of product revenue of $40 million) plus a targeted range of between $238 million to $248 million of service fee revenue. The adjusted EBITDA outlook for 2017 have not been reconciled to the company’s net loss outlook for the same period because certain items that would impact interest expense, income tax provision (benefit), depreciation and amortization (including amortization of acquisition-related intangible assets), stock-based compensation, and acquisition-related, restructuring and other (income) costs, all of which are reconciling items between net loss and adjusted EBITDA, cannot be reasonably predicted. Accordingly, reconciliation of adjusted EBITDA outlook to net loss outlook for 2017 is not available without unreasonable effort. Non-GAAP net income (loss), EBITDA, adjusted EBITDA and service fee equivalent revenue are used by management, analysts, investors and other interested parties in evaluating our operating performance compared to that of other companies in our industry. The calculation of non-GAAP net income (loss) eliminates the effect of stock-based compensation, acquisition-related, restructuring and other (income) costs, amortization of acquisition-related intangible assets, deferred tax expense for goodwill amortization, and EBITDA and adjusted EBITDA further eliminate the effect of financing, remaining income taxes and the accounting effects of capital spending, which items may vary from different companies for reasons unrelated to overall operating performance. Service fee equivalent revenue allows client contracts with similar operational support models but different financial models to be combined as if all contracts were being operated on a service fee revenue basis. PFS believes these non-GAAP measures provide useful information to both management and investors by focusing on certain operational metrics and excluding certain expenses in order to present its core operating performance and results. These measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results. The non-GAAP measures included in this press release have been reconciled to the GAAP results in the attached tables. The matters discussed herein consist of forward-looking information under the Private Securities Litigation Reform Act of 1995 and is subject to and involves risks and uncertainties, which could cause actual results to differ materially from the forward-looking information. PFS' Annual Report on Form 10-K for the year ended December 31, 2016 identifies certain factors that could cause actual results to differ materially from those projected in any forward looking statements made and investors are advised to review the Annual Report of the company and the Risk Factors described therein. PFS undertakes no obligation to update publicly any forward-looking statement for any reason, even if new information becomes available or other events occur in the future. There may be additional risks that we do not currently view as material or that are not presently known.


News Article | May 12, 2017
Site: globenewswire.com

ALLEN, Texas, May 12, 2017 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ:PFSW), a global commerce service provider, will present at four financial conferences through May and June 2017. Needham Emerging Technology Conference Presentation: Wednesday, May 17th at 10:00 a.m. ET Where: Westin Grand Central Hotel, New York City Webcast: http://wsw.com/webcast/needham81/pfsw B. Riley & Co. 18th Annual Investor Conference Presentation: Thursday, May 25th at 1:00 p.m. PT Where: Loews Santa Monica Beach Hotel, Santa Monica, CA  Webcast: http://www.wsw.com/webcast/brileyco18/pfsw Craig-Hallum 14th Annual Institutional Investor Conference Presentation: Small group meetings and 1-on-1’s on Wednesday, May 31st Where: Depot Renaissance Hotel, Minneapolis Cowen & Co. 45th Annual Technology, Media & Telecom Conference Presentation: Thursday, June 1st at 9:30 a.m. ET Where: Lotte New York Palace Hotel, New York City Webcast: http://wsw.com/webcast/cowen40/pfsw For more information about the conferences or to schedule a 1-on-1 meeting with PFSweb management, please contact your respective conference representative or call the company’s investor relations team at (949) 574-3860. PFSweb (PFS) (NASDAQ:PFSW) is a global commerce service provider of solutions including digital strategy consulting, digital agency and marketing services, technology development services, business process outsourcing services, and a complete omni-channel technology ecosystem. The company provides these solutions and services to major brand names and other companies seeking to optimize every customer experience and enhance their traditional and online business channels. PFS supports organizations across various industries, including Procter & Gamble, L'Oreal USA, LEGO, Canada Goose, ASICS, Roots Canada Ltd., PANDORA, Charlotte Russe, Anastasia Beverly Hills, David's Bridal, T.J. Maxx, the United States Mint and many more. PFS is headquartered in Allen, TX with additional locations in Tennessee, Mississippi, Minnesota, Washington, New York, Ohio, North Carolina, Canada, Belgium, England, Bulgaria, and India. For more information, please visit www.pfsweb.com or download the free PFS IR App on your iPhone, iPad, or Android device.

Loading United States Mint collaborators
Loading United States Mint collaborators