Exhibit 99.1 Company Contact: Simon Nynens Programmer's Paradise(R), Inc. President and Chief Executive Officer (732)-389-8950 simon.nynens@programmers.com PROGRAMMER'S PARADISE, INC. REPORTS FIRST QUARTER RESULTS; SALES INCREASE 17%, INCOME FROM OPERATIONS INCREASES 98% SHREWSBURY, NJ, May 3, 2006 - Programmer's Paradise, Inc. (NASDAQ: PROG) - Sales: $35.4 million, up 17% year-over-year - Gross profit: $3.8 million, up 12% year-over-year - Income from operations: $0.9 million, up 98% year-over-year - Net income: $0.6 million, up 97% year-over-year - Diluted earnings per share: $0.13, up 86% year-over-year The results will be discussed in a conference call to be held on Thursday, May 4, 2006 at 10:00 AM Eastern time. The dial-in telephone number is (866)-793-1306 and the pass code is PROG. "We are very pleased with our overall performance. Our Lifeboat division continued to take market share. The sales growth combined with our focus on cost control resulted in an increase of 98% in income from operations versus the year ago quarter" said Simon F. Nynens, President and Chief Executive Officer. Net sales for the quarter ending March 31, 2006 were $35.4 million compared with $30.2 million in the first quarter of 2005, a 17% increase. Total sales for our Programmer's Paradise division were $12.3 million compared to $14.0 million in the first quarter of 2005, representing a 12% decrease. Total sales for our Lifeboat division were $23.1 million compared to $16.1 million in the first quarter of 2005, representing a 43% increase. Gross Profit for the quarter ending March 31, 2006 was $3.8 million compared with $3.4 million in the first quarter of 2005, a 12% increase. Total gross profit for our Programmer's Paradise division was $1.8 million compared to $2.0 million in the first quarter of 2005, representing a 6% decrease. Total gross profit for our Lifeboat division was $2.0 million compared to $1.5 million in the first quarter of 2005, representing a 36% increase. Gross profit margin, as a percentage of net sales, for the quarter ending March 31, 2006 was 10.9% compared to 11.4% in the first quarter of 2005. Gross profit margin for our Programmer's Paradise division was 15.0% compared to 14.0% in the first quarter of 2005. Gross profit margin for our Lifeboat division was 8.7% compared to 9.1% in the first quarter of 2005. Total selling, general, and administrative ("SG&A") expenses were stable at $3.0 million compared to $3.0 million in the first quarter of 2005. As a percentage of net sales, SG&A expenses were 8.4% compared to 9.9% in the first quarter of 2005. First quarter income from operations in 2006 was $877,000 compared to $444,000 in the first quarter of 2005, representing a 98% increase. First quarter net income in 2006 was $591,000 compared to $300,000 in the first quarter of 2005. Diluted earnings per share were $.13 versus $.07 in the first quarter of 2005, representing a 86% increase. Programmer's Paradise, Inc. (NASDAQ: PROG) was founded in 1982 and is an award-winning marketer and distributor of technical software and hardware. When it comes to software, Programmer's Paradise has it all. Our experienced account executives are key in our strategy. We offer our customers customized extranets, consultancy services, and flexible financing, as well as same day shipping. Additional information can be found by visiting www.programmersparadise.com. Contact Programmer's Paradise, Inc. via Simon Nynens, CEO of Programmer's Paradise, Inc. at (732) 389-8950 or simon.nynens@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. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in our filings with the Securities and Exchange Commission. Tables Follow -