EL SEGUNDO, CA--(Marketwire - June 9, 2008) - Peerless Systems Corporation (NASDAQ: PRLS), a provider of advanced imaging and networking technologies and components to the digital document market, will announce fiscal first quarter financial results after the market closes on Thursday, June 12, 2008.

Following the release of its financial results, senior management will host a conference call and simultaneous webcast. The event will begin at 5 p.m. Eastern (2 p.m. Pacific) and can be accessed via the Internet at www.peerless.com or by dialing into the teleconference at 888-713-4213 (617-213-4865 for international callers) and entering the passcode 75463799. Telephonic participants can reduce pre-call hold time by pre-registering for the conference via the following link: https://www.theconferencingservice.com/prereg/key.process?key=PVFFYRAPB

Web-based participants should access the Peerless website at least 15 minutes early to register and download any necessary audio software. A replay of the webcast will be available for 30 days and a telephonic replay will be available through June 14, 2008, by calling 888-286-8010 (617-801-6888 for international callers) and entering the passcode 74772442.

About Peerless Systems Corporation

Founded in 1982, Peerless Systems Corporation is a provider of imaging and networking technologies and components to the digital document markets, which include manufacturers of color, monochrome and multifunction office products and digital appliances. In order to process digital text and graphics, digital document products rely on a core set of imaging software and supporting electronics, collectively known as an imaging controller. Peerless' broad line of scalable software and silicon offerings enables its customers to shorten their time-to-market and reduce costs by offering unique solutions for multiple products. Peerless' customer base includes companies such as Canon, IBM, Konica Minolta, Kyocera Mita, Lenovo, OkiData, Ricoh, RISO, Seiko Epson and Xerox. Peerless also maintains strategic partnerships with Adobe and Novell. For more information, visit Peerless' web site at www.peerless.com.

Contact Information: Contacts: Peerless Systems Corporation: John Rigali Chief Financial Officer (310) 297-3146 Investor Contact: Geoff High Pfeiffer High Investor Relations, Inc. (303) 393-7044