PC Mall Canada, Inc., A PC Mall, Inc. Company, Has Received an Eligibility Certificate to Participate in the Investment Quebec Refundable Tax Credit for Major Employment Generating Projects
Posted on: Thursday, 13 December 2007, 09:00 CST
PC Mall, Inc. (NASDAQ:MALL) announced today that it has received, through its wholly-owned subsidiary, PC Mall Canada, Inc., an eligibility certificate to participate in the Investment Quebec Refundable Tax Credit for Major Employment Generating Projects (GPCE). As a result of this certification, PC Mall will be eligible to make annual labor credit claims for eligible employees equal to 25% of eligible salaries beginning in fiscal year 2008 and continuing through fiscal year 2016. In addition to other eligibility requirements under the program, PC Mall will be required to maintain a minimum of 317 eligible employees at all times to remain eligible to annually apply for these labor credits. As of the date of this press release, we believe we currently meet the requirement for minimum number of eligible employees.
Frank Khulusi, Chairman, President and CEO of PC Mall, Inc., said, "We are pleased to have received this certificate of eligibility under the GPCE from Investment Quebec and believe this further enhances our commitment to our Montreal operations. Since our creation of the Montreal operation over four years ago, we have grown the office to include over 300 sales executives serving the SMB and public sector markets."
This press release contains 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 statements include the statements regarding the Company's expectations, hopes or intentions regarding the future, including, but not limited to, expectations or statements related to the Company's ability to make labor credit claims or receive any such labor credits under the eligibility certificate from Investment Quebec for the Investment Quebec Refundable Tax Credit for Major Employment Generating Projects (GPCE) or maintain eligibility under such program and statements regarding our future commitment to our Montreal operations. Some factors that could cause actual results to differ include, without limitation, uncertainties regarding our ability to attract and retain sufficient numbers of eligible employees under the GPCE and uncertainties whether any amounts we may claim on an annual basis under the program will be approved by Investment Quebec. Additional factors that could cause actual results to differ are discussed under the heading "Risk Factors" and in other sections of the Company's Form 10-Q for the 2007 fiscal quarter ended September 30, 2007, on file with the Securities and Exchange Commission, and in its other periodic reports filed from time to time with the Commission. All forward-looking statements in this document are made as of the date hereof, based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statements.
About PC Mall Canada, Inc.
PC Mall Canada, Inc. is a wholly-owned subsidiary of PC Mall, Inc., and provides services to certain of PC Mall, Inc.'s subsidiaries. PC Mall Canada, Inc. is headquartered in Montreal, Quebec, Canada.
About PC Mall, Inc.
PC Mall, Inc., together with its subsidiaries, is a rapid response supplier of technology solutions for businesses, government and educational institutions as well as consumers. More than 100,000 different products from companies such as, but not limited to, Apple, HP, IBM, Lenovo and Microsoft are marketed to customers using relationship-based selling, direct marketing, catalogs and the Internet (www.pcmall.com, www.macmall.com, www.pcmallgov.com, www.gmri.com, www.wareforce.com, www.sarcom.com, and www.onsale.com). Customer orders are rapidly filled by our distribution center strategically located near FedEx's main hub or by our extensive network of distributors, which is one of the largest networks in the industry.
Source: Business Wire
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