Programmer's Paradise, Inc. Stockholders Approve Sale of European Subsidiaries

Business Wire, Jan 3, 2001

Business Editors

SHREWSBURY, N.J.--(BUSINESS WIRE)--Jan. 3, 2001

Programmer's Paradise(R), Inc. (NASDAQ:PROG) held the Special Meeting of Stockholders today at 9:00 AM for the purpose of approving the sale of the company's European subsidiaries to PC-Ware Information Technologies AG ("PC-Ware"). The Stockholders of Programmer's Paradise approved the sale at a purchase price of Euro 14,500,000. The closing is scheduled for January 9, 2001.

Programmer's Paradise, 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 a 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. Programmer's Paradise web site is located at www.programmersparadise.com.

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 is listed on the NASDAQ (PROG). PC-Ware is listed on the Frankfurt Stock Exchange (PCW). For further information contact William H. Willett, CEO at 732-389-8950 extension 7200, William Sheehy, CFO at 732-389-8950 extension 7272, or Dr. Knut Loeschke of PC-Ware at knut.loeschke@pc-ware.de.

The statements in this release concerning the Company's future prospects are forward- looking statements that involve certain risks and uncertainties. Such risks and uncertainties include the continued acceptance of the Company's distribution channel by vendors and customers, the timely availability and acceptance of new products, and contribution of key vendor relationships and support programs.