1 [DAISYTEK LOGO] FOR IMMEDIATE RELEASE Contact: MARK C. LAYTON CRAIG MCDANIEL, APR President, Chief Executive Officer and Michael A. Burns & Chief Operating Officer Associates Daisytek International Corporation (214) 521-8596 mlayton@daisytek.com cmcdaniel@mbapr.com or THOMAS J. MADDEN Vice President - Finance and Chief Financial Officer Daisytek International Corporation tmadden@daisytek.com (972) 881-4700 DAISYTEK'S E-COMMERCE LOGISTICS BUSINESS, PFSWEB, FILES IPO PLANO, TEXAS (SEPT. 23, 1999) - PFSweb, Inc., the e-commerce logistics business unit of Daisytek International Corporation (Nasdaq: DZTK), announced today that it has registered with the Securities and Exchange Commission for a proposed initial public offering (IPO) of the common stock of PFSweb, Inc. PFSweb is an international provider of transaction management services for both traditional and e-commerce companies. PFSweb's comprehensive suite of services includes order management, customer care services, billing services, information management and distribution services. PFSweb has operations in the United States, Canada and Europe. The representatives of the underwriters of the offering are Hambrecht & Quist LLC, Dain Rauscher Wessels, William Blair & Company, LLC, and Jefferies & Company, Inc. A written prospectus may be obtained from Thomas J. Madden at PFSweb, Inc., 500 North Central Expressway, Plano, Texas 75074. # # # A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. Securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification of the securities law of any such state.