ePlus Awarded Rhode Island Contract MPA283; Company Joins a Select Group of Technology Vendors to Provide Cisco Products and Maintenance Solutions Statewide

Business Wire, Dec 8, 2005

HERNDON, Va. -- ePlus inc. (Nasdaq NM:PLUS - news), a leading provider of Enterprise Cost Management solutions, today announced that the State of Rhode Island has selected ePlus Technology, Inc., the company's wholly owned subsidiary of integrated professional services and direct sales, to provide Cisco networking equipment to all state agencies and universities. Under the new contract, MPA283, ePlus Technology joins a small group of vendors who are eligible to deliver the full range of Cisco products and maintenance solutions to organizations across the state. The one-year agreement, which began October 1, 2005, contains four one-year renewal options.

ePlus was chosen based on its close working partnership with Cisco and ability to provide totally integrated solutions. With a team of more than 35 highly-skilled engineers with Cisco certifications in Network Management, Routing and Switching, VPN Security, Wireless LAN, and IP Communications, ePlus possesses the expertise and knowledge to deliver leading Cisco solutions.

"We're pleased with the opportunity to serve Rhode Island state and educational institutions through the MPA283 contract," said Steve Low, senior client executive for ePlus Northeast Government and Education Sales. "ePlus brings years of experience supporting state governments nationwide, and we look forward to providing exceptional solutions and value to help Rhode Island organizations maximize their IT investments."

The Rhode Island MPA283 contract complements other educational and government contracts that ePlus holds throughout the United States, including California, Connecticut, Illinois, Maine, Massachusetts, New Hampshire, North Carolina, New Jersey, Ohio, Pennsylvania, South Carolina, and Virginia. ePlus serves the technology needs of schools and government agencies through a unique combination of seasoned expertise and exceptional customer service related to hardware, software, peripherals, telecommunications, networking, maintenance, integration, leasing, asset disposition, support services, and more.

About ePlus inc.

ePlus is a leading provider of Enterprise Cost Management solutions to information technology, finance, procurement, operations, and supply chain professionals that want to reduce the costs of finding, purchasing, managing, and financing information technology goods and services. Our Enterprise Cost Management solutions provide sourcing, procurement, spend analytic, supplier management, document collaboration, asset management, professional services, and leasing to ePlus' 2,000 customers. Profitable since inception in 1990, the company is headquartered in Herndon, VA and has more than 30 locations in the U.S. For more information, visit www.eplus.com, call 888-482-1122 or email info@eplus.com.

ePlus, eECM, ePlus Enterprise Cost Management, and/or other ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release, which are not historical facts, may be deemed to be "forward-looking statements". Actual and anticipated future results may vary due to certain risks and uncertainties, including, without limitation, the existence of demand for, and acceptance of, our services; our ability to adapt our services to meet changes in market developments; the impact of competition in our markets; the possibility of defects in our products or catalog content data; our ability to hire and retain sufficient personnel; our ability to protect our intellectual property; the creditworthiness of our customers; our ability to raise capital and obtain non-recourse financing for our transactions; our ability to realize our investment in leased equipment; our ability to reserve adequately for credit losses; fluctuations in our operating results; our reliance on our management team; and other risks or uncertainties detailed in our Securities and Exchange Commission filings.