Company Contact:
                                  Bill Willett
                                Programmer's Paradise(R), Inc.
                                Chairman and Chief Executive Officer
                                (732)-389-8950
                                bill.willett@programmers.com



               PROGRAMMER'S PARADISE(R), INC. ENTERS INTO AGREEMENT
                             WITH HUDSON UNITED BANK



Shrewsbury, NJ, February 9, 2001 - Programmer's Paradise(R), Inc. (NASDAQ: PROG)
announced today that it entered into a Loan and Security  Agreement (the "Credit
Agreement")  with  Hudson  United  Bank.   Pursuant  to  the  Credit  Agreement,
Programmer's may borrow up to $5 million for working capital and other purposes.
The  borrowings  under the Credit  Agreement  will be  secured  by  Programmer's
accounts  receivable  and other assets and will bear  interest at the prime rate
(plus 1%) as in effect from time to time.

As a  result  of the sale of its  European  subsidiaries  on  January  9,  2001,
Programmer's has substantial  cash resources.  Programmer's has no present plans
for the use of cash resources.  Programmer's Paradise,  Inc. is an international
marketer  of  software   targeting   software   development   professionals  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 70,000 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.  For  further
information contact William H. Willett, CEO of Programmer's at (732) 389-8950 or
bill.willett@programmers.com.

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.

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