Programmer's Paradise, Inc. Announces Letter of Intent With PC-Ware Information Technologies AG

Business Wire, August 3, 2000

Business Editors/High-Tech Writers

SHREWSBURY, N.J.--(BUSINESS WIRE)--Aug. 3, 2000

PC-Ware Information Technologies AG ("PC-Ware") of Leipzig, Germany and Programmer's Paradise(R), Inc. ("Programmer's") of Shrewsbury, New Jersey, USA announced today (August 3, 2000) that they had executed a letter of intent which contemplates the purchase (the "Purchase") by PC-Ware of the stock of Programmer's European subsidiaries.

The proposed purchase price is 14,500,000.00 Euro dollars, of which 70% will be paid in cash at the time of closing and the remainder in shares of PC-Ware.

The Purchase will require the approval of the stockholders of both parties and is subject to execution of a definitive agreement containing customary representations and conditions. The Purchase is expected to close in the late fall of this year.

PC-Ware is a specialist service provider and developer for information technology with a focus on software and associated services. PC-Ware's full service concept includes not only procurement and license management for software but also customized consulting and support services. PC-Ware is one of the three largest Microsoft Select Partners in Germany.

Programmer's Paradise(R), Inc. is an international marketer of software targeting the software development professional and information technology professionals within enterprise organizations. Programmer's Paradise enhances software development productivity by providing a single-source for software development tools from industry-leading vendors selected on the basis of features, quality, price and warranty. The Company offers over 58,000 SKUs from more than 2,000 publishers and manufacturers and distributes these products through multiple distribution channels. The Programmer's Paradise web site address is www.programmersparadise.com. Bill Willett can be e-mailed at bill.willett@programmers.com.

PC-Ware is listed on the Frankfurt Stock Exchange (PCW) and Programmer's is listed on the NASDAQ (PROG).

For further information contact Dr. Knut Loeschke of PC-Ware at knut.loeschke@pc-ware.de and William H. Willett, CEO or William H. Sheehy, CFO on 732-389-8950.