Ellerbe Becket Chooses ePlusSuite

Business Wire, Dec 30, 1999

Business Editors/High Tech Writers

HERNDON, Va.--(BUSINESS WIRE)--Dec. 30, 1999

Another new middle-market customer

added to ePlusSuite roster

ePlus inc. (Nasdaq NM: PLUS) today announced that Ellerbe Becket, one of the nation's largest design firms, has chosen ePlusSuite to provide electronic procurement, asset management, financing, and services.

Ellerbe chose ePlusSuite as its e-business solution to automate and outsource certain business processes that will result in cost savings and productivity gains.

Ellerbe's Chief Information Officer, Karen Homan stated, "We have been very pleased to date with the performance of ePlusSuite. It has met our expectations in both the ease of installation and our ability to eliminate many of our previously manually intensive processes. We plan to review additional products for future outsourcing opportunities."

Phillip G. Norton, Chairman, President and CEO stated, "Ellerbe Becket is a leading company in its marketplace and we are very pleased that they have become one of our ePlusSuite customers. We are effectively executing our strategy of introducing ePlusSuite, our remotely-hosted e-business process solution for the indirect supply-chain, to the middle market."

"Our mission is to become the leading e-business process provider for integrated procurement, finance, asset management and related services." The Company has eight customers using ePlusSuite, including webMethods, MicroStrategy (Nasdaq NM: MSTR), Proxicom (Nasdaq NM: PXCM), and Pharmaceutical Product Development, Inc. (Nasdaq NM: PPDI) and Womble Carlyle Sandridge & Rice, PLLC.

About Ellerbe Becket

An innovator since its founding in 1909, Ellerbe Becket provides integrated architecture, engineering, planning, interior design and construction services worldwide. The 1999 Building Design & Construction survey ranked Ellerbe Becket as the third largest architecture and engineering firm in the United States. More information is available at http://www.ellerbebecket.com

About ePlus

ePlus inc. is a leading supply chain and asset management e-business solutions provider with revenues of $194 Million for its fiscal year ending March 31, 1999. Its remotely hosted application covers the customer's total ownership experience, beginning with the end-user order and ending with the equipment disposal transaction. ePlusSuite consists of Procure , Manage , Finance and Service , and provides workflow management, procurement, order tracking and verification, asset depository, tracking and reporting, financing, sales, property and use tax compliance and payment, software license compliance, technology rollout and upgrades, technical and maintenance services, and equipment disposal. The company, which was founded in 1991, is headquartered in Herndon, VA and has 17 offices in the United States.

ePlus is a trademark applied for of ePlus inc., and ePlusSuite, Procure , Manage , Finance and Service are service marks applied for of ePlus inc.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts may be deemed to contain forward-looking statements. Actual results may vary due to the following risks and uncertainties, including, without limitation, demand and competition for the Company's lease financing and equipment sales and asset management services, and the products to be leased or sold by the Company, the continued availability to the Company of adequate financing in general and for Ellerbe Becket in particular, the ability of the Company to recover its investment in equipment through remarketing, the successful execution of its e-commerce strategy, the amount of equipment ordered, purchased and/or leased by Ellerbe Becket, and other risks or uncertainties detailed in the Company's Securities and Exchange Commission filings. Investors are cautioned that current financial results may not be indicative of future results.