The 1,000-employee company recently sold its existing headquarters in Webster, NY. The 135,000-sf office and manufacturing facility was sold to publicly traded Paychex Inc. for $5 million. PSC is leasing the space back for 90 days while it completes its relocation to Portland.

The bulk of PSC's 700 U.S. employees reside in Eugene, OR. The move should also save the company money on rent relative to the East Coast and other West Coast cities like Seattle, which the company also considered.

"The sale of our Webster facilities is a major step in PSC's stated restructuring plan," said Edward J. Borey, President and CEO of PSC Inc. "The sale eliminates excess facilities created by the consolidation of our manufacturing. It also reduces our administrative costs."

PSC supplies its systems to major grocery store chains, retailers, and delivery services such as Albertson's, Fred Meyer, Safeway The Gap, Target, Walgreens, Federal Express, UPS, Airborne Express and the U.S. Postal Service.

For the three months ended March 31, the company is reporting an 18% decrease in sales to $50 million, and a 41% increase in its net loss to $4.4 million. The higher losses are in part due to penalties assessed on defaulted loans.

The company's share price is trading near the bottom of its 52-week range, which includes a low of 50 cents a share in December of last year and a high of more than $8 last July. Monday morning, shares were trading for $1.08, off two cents from Friday's close.