PC Mall Changes its Corporate Name to PCM, Inc. and Ticker Symbol to PCMI
January 02 2013 - 3:35PM
Business Wire
PCM, Inc. (NASDAQ: PCMI) formerly PC Mall, Inc.
(NASDAQ:MALL) announced today that effective December 31, 2012, we
have changed our legal corporate name to PCM, Inc. from PC Mall,
Inc. In connection with the rebranding, effective January 2, 2013,
our Common Stock commenced trading on NASDAQ under the ticker PCMI
and no longer trades under the prior ticker of MALL.
In addition, effective December 31, 2012, we have combined our
primary commercial subsidiaries PC Mall Sales, Inc., Sarcom, Inc.
and PC Mall Services, Inc. into a single subsidiary. The combined
subsidiary will operate under the unified commercial brand PCM and
will generally include our SMB, MME and portions of our Corporate
& Other segments. Additionally, in connection with the
rebranding, effective December 31, 2012, our PC Mall Gov, Inc.
subsidiary changed its name to PCMG, Inc. and will operate under
the PCM-G brand.
Commenting on the changes, Frank Khulusi, PCM’s Chairman and
Chief Executive Officer, said “Over the past several years, our
company has grown into an approximately $1.5 billion enterprise in
part through our acquisition and internal cultivation of different
brands. We have historically differentiated those brands primarily
based on the identity of the customers they serve. After careful
examination of the trends taking shape in the markets we serve, we
determined that going forward, our commercial customers can benefit
from a more unified and streamlined brand strategy. Accordingly, we
have consolidated our commercial brands and realigned our customer
segments in an effort to realize significant growth and to achieve
a more efficient cost structure. We are very excited about this
evolution as we believe it will lead to an improved customer
experience, operational synergies and benefits to all of our
stakeholders, leveraging a brand that better represents the
technology solutions provider we have become.”
About PCM, Inc.
PCM, Inc., through its wholly-owned subsidiaries, is a
leading technology solutions provider to small and medium sized
businesses, mid-market and enterprise customers, government and
educational institutions and individual consumers. Effective after
close of business on December 31, 2012, the company changed the
corporate name from PC Mall, Inc. to PCM, Inc. and combined
its primary commercial subsidiaries PC Mall Sales, Inc.,
Sarcom, Inc. and PC Mall Services, Inc. into a single
subsidiary. The combined subsidiary will operate under the unified
commercial brand PCM and will generally include our SMB, MME and
portions of our Corporate & Other segments. Additionally,
in connection with the rebranding and effective December 31, 2012,
our PC Mall Gov, Inc. subsidiary changed its name to
PCMG, Inc. and will operate under the brand PCM-G. In the
12 months ended September 30, 2012, we generated approximately
$1.5 billion in revenue and now have approximately 2,900 employees,
over 68% of which are in sales or service positions. For more
information please visit investor.pcm.com or call (310)
354-5600.
Forward-looking Statements
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such forward-looking statements include statements
regarding our expectations, hopes or intentions regarding the
future, including, but not limited to statements related to
strategic developments such as statements related to our growth and
operating efficiencies, an improved customer experience,
operational synergies and other benefits to stakeholders, expected
cost savings and overall cost structure, selective investments in
our services capabilities, our positioning in the marketplace and
for the future success of our business, our reorganization, brand
strategy and related potential benefits, or other statements or
expectations or goals for growth or profitability. Forward-looking
statements involve certain risks and uncertainties, and actual
results may differ materially from those discussed in any such
statement. Factors that could cause our actual results to differ
materially include without limitation risks and uncertainties
related our advertising, marketing and promotional efforts, which
may be costly and may not achieve desired results. Additional
factors that could cause our actual results to differ are discussed
under the heading “Risk Factors” in Item 1A, Part II of our Form
10-Q for the period ended September 30, 2012, on file with the
Securities and Exchange Commission, and in our other reports filed
from time to time with the SEC. All forward-looking statements in
this document are made as of the date hereof, based on information
available to us as of the date hereof, and we assume no obligation
to update any forward-looking statements.
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