COMPAREX AG

ots Ad hoc-Service: PC-WARE Info. Technolo. PC-Ware AG takes over all European subsidiaries of Programmer's Paradise Inc.

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    Leipzig (ots Ad hoc-Service) - PC-Ware Information Technologies AG, which has been listed on Frankfurt's Neuer Markt since May 5, 2000, and Nasdaq-listed Programmer's Paradise Inc. have signed a Letter of Intent. According to which PC-Ware will acquire 100% ownership of all European subsidiaries and branches of the US software specialist before the end of the year. This strategic move means that PC-Ware will significantly expand its European presence and accelerate the internationalization announced on the occasion of the IPO.

      The takeover targets, such as Logic Soft in the Netherlands,
ISP*D in Germany as well as other companies in France, the UK, Italy
and Austria, provide software management and software licensing
services to customers throughout Europe. They will ideally complement
the PC-Ware portfolio in this business segment.

      As a result of the takeover, PC-Ware will significantly expand
its customer base, which today comprises more than 12,000 contractual
customers, and make inroads into important customer groups such as
banks, insurance companies and industrial corporations.

      Moreover, the takeover will give PC-Ware access to new
distribution channels, which will facilitate the Europe-wide
distribution of the company's services in the area of software
support as well as PC-WARE software, such as the website management
"in4meta", and the electronic licensing technology.

      For further inquiries:

      PC-Ware Information Technologies AG Dr. Knut Loeschke CEO e-mail:
knut.loeschke@pc-ware.de

      Programmer's Paradise (R) Inc. Bill Willett CEO e-mail:
bill.willett@programmers.com

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