Exhibit 99.1

                  Daisytek International Corporation
           Voluntarily Files for Chapter 11 Reorganization


    ALLEN, Texas--(BUSINESS WIRE)--June 3, 2003--Daisytek
International Corporation (Nasdaq:DZTK) today announced that it has
filed a voluntary petition for reorganization under Chapter 11 of the
U.S. Bankruptcy Code. The petition was filed in Dallas, Texas.
    Prior to today's Chapter 11 filing by Daisytek International
Corp., the company's primary operating subsidiary, Daisytek,
Incorporated and a number of its U.S. operating subsidiaries,
including Arlington Industries, Inc., Digital Storage Inc. and The
Tape Company, filed voluntary petitions for reorganization under
Chapter 11 of the U.S. Bankruptcy Code on May 7, 2003 in Dallas,
Texas.
    On May 16, 2003 the boards of directors for U.K.-based ISA
International plc and Daisytek Australia each appointed a Voluntary
Administrator to assume day-to-day management of operations.
PricewaterhouseCoopers LLP, the Voluntary Administrator appointed by
ISA International's board of directors, subsequently sold the business
and assets of the U.K. and the Republic of Ireland businesses,
together with the equity in the Swedish and Norwegian companies of ISA
International.
    It is unlikely that the shareholders of Daisytek International
Corp. will realize any value from the company's Chapter 11 case.
    Last week, Daisytek's U.S. lending syndicate filed a Motion for
Relief from the Automatic Stay with the bankruptcy court as
contemplated by the Agreed Cash Collateral Order of May 21, 2003. Such
motion, if granted, would enable the lenders to enforce their liens on
Daisytek assets. Daisytek intends to vigorously oppose such a motion.
Under the cash collateral order, Daisytek's U.S. subsidiaries received
consensual approval from the bankruptcy court and its U.S. lending
syndicate to use a significant percentage of the lenders' cash
collateral through June 13, 2003 to pay for operating expenses and to
increase inventory levels at Arlington Industries and The Tape
Company.
    The company continues to conduct negotiations with creditors of
its U.S. subsidiaries and to pursue the reorganization process in the
court. Currently, the company does not anticipate that it will resume
taking orders from the Allen, Texas operations facility, nor does the
company intend to resume shipments from its Memphis, Tenn.,
Bakersfield, Calif. or Albany, NY distribution centers. These
locations comprised the primary operational facilities for the
Daisytek, Incorporated subsidiary.
    Daisytek's Mexico and Canadian operations, which are independently
funded in their respective countries and have not been included in any
bankruptcy filings, continue to report business as usual.

    About Daisytek

    Daisytek is a global distributor of computer supplies, office
products and accessories and professional tape media. Daisytek is a
registered trademark of Daisytek, Incorporated. All rights reserved.

    The matters discussed in this news release contain both historical
and forward-looking statements. All statements other than statements
of historical fact are, or may be deemed to be, forward-looking
information within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Act of 1934, as
amended. You can identify these statements by the fact that they do
not relate strictly to historical or current facts, but rather reflect
our current expectations concerning future results and events.
Forward-looking statements relating to such matters as our financial
condition and operations, including forecasted information, are based
on our management's current intent, belief or expectations regarding
our industry or us. These forward-looking statements including
forecasts are not guarantees of future performance and involve risks,
uncertainties and assumptions that are difficult to predict. In
addition, some forward-looking statements are based upon assumptions
as to future events that may not prove to be accurate. Therefore,
actual outcomes and results may differ materially from what is
expected or forecasted in such forward-looking statements. We
undertake no obligation to update publicly any forward-looking
statement for any reason, even if new information becomes available or
other events occur in the future.
    Certain factors, including but not limited to, general economic
conditions, industry trends, the loss or inability to hire skilled
personnel, the loss of key suppliers or customers, the loss or
material decline in service of strategic product shipping relations,
customer demand, product availability, competition (including pricing
and availability), risks inherent in acquiring, integrating and
operating new businesses and investments, concentrations of credit
risk, distribution efficiencies, capacity constraints, technological
difficulties (including equipment failure or a breach of our security
measures), the volatility of our common stock, economic and political
uncertainties arising as a result of terrorist attacks, seasonality,
exchange rate fluctuations, foreign currency devaluations, economic
and political uncertainties in international markets, potential
obligations under operating lease commitments of our former subsidiary
PFSweb and the regulatory and trade environment (both domestic and
foreign) could cause our actual results to differ materially from the
anticipated results or other expectations expressed in our
forward-looking statements. There may be additional risks that we do
not currently view as material or that are not presently known.
    Other factors that could affect Daisytek are set forth in
Daisytek's 10-K for fiscal year ended March 31, 2002.


    CONTACT: Daisytek International, Allen
             Barbara Benson, 972-881-4700
             bbenson@daisytek.com
                or
             Ketchum
             Teresa Henderson, 214-259-3449/214-668-6229
             teresa.henderson@ketchum.com