|   | · | Net income before preferred stock dividends (“net income”) of $394 for the three month period ended June 30, 2010.  Excluding the settlement gain recorded during the quarter ended March 31, 2009, this was the first quarterly net income reported since the period ended September 30, 2008; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Gross Margin improved to 42% and 40% for the three and six month periods ended June 30, 2010, compared to 26% and 33% for the respective 2009 periods; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Excluding the 2009 net settlement gain, the pre-tax loss available to common stockholders was reduced by $4,880 and $5,463 in the three and six month periods ended June 30, 2010, compared to the same periods in 2009 – an improvement of 90% and 71%, respectively; and |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Excluding the 2009 net settlement gain, selling, general and administrative expenses were reduced by $1,181 and $2,573 or 15% and 16%, respectively, during the three and six month periods ended June 30, 2010, compared to the 2009 periods. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | · | Merisel is pleased to announce the signing of a new three year $14 million Revolving Credit Agreement with PNC Bank.  Donald R. Uzzi, Chairman and CEO stated: “We are proud to announce the new relationship with PNC.  As we strategically position ourselves to meet the needs of our business into the future, our partnership with PNC Bank will position us favorably for long term success.” |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                           |   | Three Months Ended June 30, |   |   | Six Months EndedJune 30, |   |
|------------------------------------------------|--------|-----------------------------|--------|--------|--------------------------|--------|
|                                           |   | 2010                        |   |   | 2009                     |   |   | 2010 |   |   | 2009 |   |
|                                           |   |                        |   |   |                     |   |   |   |   |   |   |   |
| Net sales                                      |   | $                           | 16,749 |   |                     | $      | 12,377 |   |   | $ | 31,755 |   |   | $ | 29,479 |   |
|                                           |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Cost of sales                                  |   |                        | 9,675  |   |                     |   | 9,102 |   |   |   | 18,986 |   |   |   | 19,838 |   |
|                                           |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit                                   |   |                        | 7,074  |   |                     |   | 3,275 |   |   |   | 12,769 |   |   |   | 9,641 |   |
|                                           |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Selling, general & administrative expenses |   |                        | 6,839  |   |                     |   | 8,024 |   |   |   | 13,524 |   |   |   | 14,174 |   |
|                                           |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Operating income (loss)                        |   |                        | 235    |   |                     |   | (4,749 | ) |   |   | (755 | ) |   |   | (4,533 | ) |
|                                           |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense, net                          |   |                        | 98     |   |                     |   | 48 |   |   |   | 229 |   |   |   | 89 |   |
|                                           |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Income (loss) before benefit for income tax    |   |                        | 137    |   |                     |   | (4,797 | ) |   |   | (984 | ) |   |   | (4,622 | ) |
|                                           |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Income tax benefit                             |   |                        | (257   | )      |                     |   | (2,053 | ) |   |   | (257 | ) |   |   | (1,978 | ) |
|                                           |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss)                              |   |                        | 394    |   |                     |   | (2,744 | ) |   |   | (727 | ) |   |   | (2,644 | ) |
| Preferred stock dividends                      |   |                        | 652    |   |                     |   | 602 |   |   |   | 1,292 |   |   |   | 1,194 |   |
| Loss available to common stockholders          |   | $                           | (258   | )      |                     | $      | (3,346 | ) |   | $ | (2,019 | ) |   | $ | (3,838 | ) |
|                                           |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|                                           |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Loss per share (basic and diluted):            |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|                                           |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Net loss available to common stockholders      |   | $                           | (0.04  | )      |                     | $      | (0.46 | ) |   | $ | (0.28 | ) |   | $ | (0.53 | ) |
| Weighted average number of shares              |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|   Basic                              |   |                        | 7,213  |   |                     |   | 7,187 |   |   |   | 7,213 |   |   |   | 7,214 |   |
|   Diluted                            |   |                        | 7,213  |   |                     |   | 7,187 |   |   |   | 7,213 |   |   |   | 7,214 |   |

----

|                                                               |   | Three Months Ended June 30, |   |   | Six Months EndedJune 30, |   |
|--------------------------------------------------------------------|--------|-----------------------------|--------|--------|--------------------------|--------|
|                                                               |   | 2010                        |   |   | 2009                     |   |   | 2010 |   |   | 2009 |   |
|                                                               |   |                        |   |   |                     |   |   |   |   |   |   |   |
| Net loss available to common stockholders                          |   | $                           | (258   | )      |                     | $      | (3,346 | ) |   | $ | (2,019 | ) |   | $ | (3,838 | ) |
|                                                               |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Add (subtract):                                                    |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|                                                               |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Net settlement expense (gain)                                      |   |                        | -      |   |                     |   | 4 |   |   |   | - |   |   |   | (1,923 | ) |
| Taxes                                                              |   |                        | (257   | )      |                     |   | (2,053 | ) |   |   | (257 | ) |   |   | (1,978 | ) |
|                                                               |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Pre-Tax loss available to common stockholders (non-GAAP)           |   | $                           | (515   | )      |                     | $      | (5,395 | ) |   | $ | (2,276 | ) |   | $ | (7,739 | ) |
|                                                               |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|                                                               |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Selling, general & administrative expenses                     |   | $                           | 6,839  |   |                     | $      | 8,024 |   |   | $ | 13,524 |   |   | $ | 14,174 |   |
| Add (subtract):                                               |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Net settlement (expense) gain                                      |   |                        | -      |   |                     |   | (4 | ) |   |   | - |   |   |   | 1,923 |   |
|                                                               |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Adjusted selling, general & administrative expenses (non-GAAP) |   | $                           | 6,839  |   |                     | $      | 8,020 |   |   | $ | 13,524 |   |   | $ | 16,097 |   |
|                                                               |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |