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TheStreet Open House

ModusLink Sends Letter To Stockholders

Stocks in this article: MLNKPRLS

ModusLink Global Solutions (TM), Inc. (NASDAQ: MLNK), today announced that it is mailing a letter to stockholders in connection with the Company’s Annual Meeting of Stockholders to be held on January 20, 2012.

ModusLink’s Board of Directors unanimously recommends that stockholders vote “FOR” the Company’s two experienced and highly-qualified nominees for directors: Thomas H. Johnson and Jeffrey J. Fenton – by telephone, Internet or by signing, dating and returning the WHITE proxy card TODAY. The Company also urges shareholders to discard any gold proxy card that they receive from Peerless Systems Corporation (NASDAQ: PRLS).

The text of the letter to ModusLink stockholders is below:

TIME IS SHORT -- VOTE THE ENCLOSED WHITE PROXY CARD TODAY

January 12, 2012

Dear Fellow Stockholder:

ModusLink’s January 20, 2012 Annual Meeting of Stockholders is rapidly approaching. We urge you to elect ModusLink’s experienced, independent and committed nominees – Tom Johnson and Jeff Fenton – to your Board of Directors. Since time is short, please take a moment of your time to use the enclosed WHITE proxy card to vote TODAY by Internet or telephone.

MAKE THE RIGHT CHOICE -- YOUR VOTE IS CRITICAL NO MATTER HOW MANY SHARES YOU OWN

At this Annual Meeting you have an important decision to make. You can choose to vote for dissident representatives from Peerless Systems Corporation, a publicly traded hedge fund that is pursuing its own short-term agenda and whose nominees are not familiar with ModusLink or its industry and have failed to provide any constructive input or perspective on the Company - OR - you can choose to vote for ModusLink’s two highly-qualified nominees – Tom Johnson and Jeff Fenton – who bring critical and complementary skills and experience to your Board. We think the choice is clear. Please consider the following:

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