ePlus Selected for Massachusetts IT Contract ITS23; ePlus Joins a Small Number of Qualified Vendors with Demonstrated Capabilities to Provide IT Professional Services

Business Wire, Nov 17, 2005

HERNDON, Va. -- ePlus inc. (Nasdaq NM:PLUS - news), a leading provider of Enterprise Cost Management solutions, today announced that the Commonwealth of Massachusetts named ePlus Technology, Inc., the company's wholly owned reseller subsidiary, to a select list of vendors on the new ITS23 state contract to provide IT Professional Services. ePlus was selected as a service provider with specialization in System Integration, Network Planning, Information Security, Telecommunications, and Wireless Applications.

The two-year agreement, with a one-year optional extension, recognizes ePlus' demonstrated success with the State. Among the selection criteria for this contract were past performance history, strong references, and financial stability of the vendor.

The new ITS23 contract is a successor to the long-standing ITS07 contract, which included hundreds of vendors across multiple categories of professional services categories. The Commonwealth sought to reduce the number of vendors and to better leverage the Commonwealth's spending power.

"Over the past 15 years ePlus has been committed to developing the systems, expertise, and skill sets necessary to deliver unparalleled service to our Federal Government, State and Local Government, K-12, and Higher Education clients," said Bill McNeice, Vice President and General Manager for ePlus New England. "Providing IT solutions for the public sector is a core competency of ePlus, and this new contract is a strong indication of our proven success in serving a wide range of IT needs for our clients."

In addition to the new ITS23 contract, ePlus also serves the Commonwealth under several other statewide contracts, including the ITC16a for hardware, maintenance, integration, and support services and the ITC02 for desktop PC leasing. In addition, ePlus has two contracts with the Massachusetts Higher Education Consortium for computers, peripherals, assets and enhancements, and leasing and asset disposition as well as telecommunications and networking products.

About ePlus inc.

ePlus is a leading provider of Enterprise Cost Management solutions for information technology, finance, procurement, operations, and supply chain professionals that want to reduce the costs of sourcing, 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 services to ePlus' 2000 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(R) ePlus Enterprise Cost Management(R), and eECM(R) are registered trademarks of ePlus inc. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

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