TigerDirect Inc. Announces Significant Reduction in Online Transaction Fraud using iShopSecure's Real-Time Authentication Solution
ishopSecure's Cost-Effective, Fraud Prevention Solution Provides Leading Mail-Order
and Internet Retailer with Online Purchasing Security for Customers

Miami and Fort Lauderdale, April 10, 2002 - TigerDirect Inc. (www.TigerDirect.com), a leading mail-order and Internet retailer of computer hardware and components, and iShopSecure, a leading provider of real-time authentication solutions for online and offline transactions, today announced that iShopSecure's proprietary server-based solution, TRANSACT-SECUREä, has substantially reduced TigerDirect's fraudulent transactions since implementing the solution in January 2002.

With the integration of TRANSACT-SECURE, TigerDirect experienced a significant reduction in their current average actual fraud while maintaining the high number of transactions it was processing.

"We are very pleased to be working with TigerDirect, and view this as a major endorsement of our payer authentication platform," said Joseph A. McDonnell, CEO of iShopSecure, Inc. "The fact that TigerDirect can now have a guarantee against fraudulent transactions using TRANSACT-SECUREä creates a unique and compelling offering for any business engaging in online e-commerce, and puts us ahead of the pack."

TRANSACT-SECURE™ is iShopSecure's patent pending server-based solution that prevents cardholder identification fraud by empowering the merchant to automatically perform real-time multi tiered authentication of the purchaser's identity during checkout. Fraudsters are prevented from committing credit card and online check fraud during checkout, and purchasers are prevented from committing "friendly fraud" by later denying their own transactions. The authenticated transactions from online merchants and telesales are insured by Lloyds of London against fraud for up to $5,000 per transaction.

"As a leader in mail-order and online computer hardware, we take pride in providing quality, PC-related products to our customers 24 hours a day, 7 days a week,'' said Joseph Dunne, Vice President of TigerDirect Inc. ``The integration of iShopSecure's proven TRANSACT-SECURE services offer us online purchasing security for our customers and cost-effective fraud prevention solutions, and allows us to extend our strategy of reaching and serving online shoppers more effectively."

About iShopSecure, Inc.
iShopSecure, Inc ("iShop") provides real time identification authentication solutions to create a secure and fraud free environment for online and offline transactions to protect consumers and merchants from identity theft and credit card fraud, grant access to secure information and systems, and safeguard the public, to unlock the Internet and M.O.T.O. channel as a commercial enterprise. iShop's array of anti fraud products include patent pending TRANSACT-SECURETM real-time ecommerce payer authentication solution and CSR-SECURETM call center and M.O.T.O. authentication solutions. IShopSecure is dedicated to safeguarding consumers, and working with credit cards issuers, bankcard and check processors, M.O.T.O (telesales) and Internet merchants, and is a leading provider of Visa 3-D Secure technology solutions.

About Tiger Direct, Inc.

TigerDirect Inc (a subsidiary of Systemax Inc. (NYSE: SYX - news), is part of a group of branded e-commerce web sites, direct mail catalogs, and relationship marketing selling private label and name-brand PC hardware, related computer products, and industrial products, to businesses in North America and Europe.
Forward-Looking Statements: This news release may include certain forward-looking statements. Forward-looking statements may include, but are not limited to, projections of revenue, income or loss and capital expenditures, statements regarding future operations, financing needs, plans relating to products or services of the Company, assessments of materiality, predictions of future events and the effects of pending and possible litigation, as well as assumptions relating to the foregoing. In addition, when used in this discussion, the words ``anticipates'', ``believes'', ``estimates'', ``expects'', ``intends'', ``plans'' and variations thereof and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are subject to various risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors, including but not limited to (i) the Company's ability to manage rapid growth as a result of internal expansion and strategic acquisitions, (ii) the effect on the Company of volatility in the price of paper and periodic increases in postage rates, (iii) the operation of the Company's management information systems, including the costs and effects associated with the year 2000 date change problem, (iv) the general risks attendant to the conduct of business in foreign countries, including currency fluctuations associated with sales not denominated in U.S. dollars, (v) significant changes in the computer products retail industry, especially relating to the distribution and sale of such products, (vi) competition in the PC, notebook computer, computer related products and industrial products markets from superstores, direct marketers, the Internet and other retailers, (vii) the potential for expanded imposition of state sales, use or other taxes and additional government regulation on direct marketers, (viii) the continuation of key vendor relationships, including the ability to continue to receive vendor supported advertising, (ix) timely availability of existing and new products, (x) risks involved with e-commerce, including the possible loss of business and customer dissatisfaction if outages or other computer-related problems should preclude customer access to the Company, (xi) risks associated with delivery of merchandise to customers by utilizing common delivery services such as UPS, including possible strikes, (xii) risks due to shifts in market demand and/or price erosion of owned inventory, (xiii) borrowing costs, (xiv) changes in taxes due to changes in the mix of U.S. and non-U.S. revenue, (xv) pending or threatened litigation and investigations and (xvi) the availability of key personnel, as well as other risk factors. These factors are discussed in greater detail in ``Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations -- Forward-Looking Statements'' in the Company's Annual Report on Form 10-K for the year ended December 31, 1999 as filed with the Securities and Exchange Commission.