Innotrac merger with GSI canceled

http://atlanta.bizjournals.com/atlanta/stories/2009/01/26/daily91.html?ana=yfcpc
Innotrac Corp. and GSI Commerce Inc. have called off their merger.
In a joint release, the companies said the cancellation is because of “current prevailing market valuations.” Neither company has any financial obligation to the other due to the termination.
Duluth, Ga.-based Innotrac (NASDAQ: INOC) is an order processing, order fulfillment and call center services company. It has fulfillment facilities in Georgia, Illinois, Kentucky, Nevada and Ohio, and a customer care facility in Colorado. The company serves more than 30 clients in the retail, telecommunications and direct marketing industries.
King of Prussia, Pa.-based GSI (NASDAQ: GSIC) is an e-commerce technology and services company.