TigerDirect Expands Payment Options With PayPal
PC-Products Reseller Adds Popular Internet Payment Option to Line-Up of Traditional Alternatives

MIAMI--(BUSINESS WIRE)--May 20, 2002--TigerDirect (a subsidiary of Systemax Inc. (NYSE:SYX - News)) today announced that the company has partnered with popular Internet payment service PayPal to expand the payment options available to its customers. Customers of TigerDirect, a leading Internet and mail-order retailer of computer hardware and components, can now pay for their purchases online using PayPal, whether ordering online or via the phone.

"Accepting PayPal is an extension of TigerDirect's commitment to providing a very customer-centric service. We implemented PayPal because our customers find it to be a very convenient and secure option for making purchases," said Joseph J. Dunne, Vice President of TigerDirect. "PayPal not only augments standard credit card functionality, but enables customers to send payments from their bank accounts or PayPal balances as well."

TigerDirect (http://www.tigerdirect.com) is a rapidly growing business that was recently ranked the #4 fastest-growing eCommerce website by Nielsen/Net Ratings. PayPal is available to TigerDirect's website customers during the online checkout process; phone order customers who choose to pay with PayPal will receive an email link to facilitate the process.

"We are very pleased that PayPal's 16 million member accounts will now be able to make purchases from TigerDirect in a matter of seconds," said Peter Ashley, PayPal Director of Business Development and Enterprise Solutions. "In addition, we know that some potential buyers are uncomfortable providing their credit card information directly to online merchants, and believe that by accepting PayPal TigerDirect has opened themselves to this untapped market."

"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 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. Further information about the company can be found at http://www.tigerdirect.com.

About Pay Pal
PayPal (Nasdaq:PYPL - News) enables any business or consumer with email to send and receive online payments securely, conveniently and cost-effectively. PayPal's account-based network builds on the existing financial infrastructure of bank accounts and credit cards to create a global payment system. PayPal has more than 16 million member accounts, including more than 3 million business accounts. In 2001, PayPal processed over $3.5 billion in payments.
Based in Mountain View, California, PayPal is available to users in 38 countries including the United States. Further information about the company can be found at http://www.paypal.com.

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.