ePlus Adds Technology Veteran to Head Its Consulting and Professional Services Group; Dick Kearney Brings Decades of Proven Success in Solution Engineering, Consulting, and IT Services to Enhance ePlus' Offering

Business Wire, July 21, 2006

HERNDON, Va. -- ePlus inc. (Nasdaq NM:PLUS), a leading provider of Enterprise Cost Management solutions, today announced that Dick Kearney has joined the company as President of the Solutions and Services Group of ePlus Technology, Inc., ePlus' wholly owned subsidiary. The business unit includes all of ePlus' solutions and services. Mr. Kearney has more than 25 years of experience in the technology solutions and services arena and has held key roles at some of the largest consulting firms in the United States.

Prior to joining ePlus, Mr. Kearney held the position of Senior Vice President of Technology Solutions for BearingPoint (formerly KPMG Consulting) where he led a global solution group specializing in integration and infrastructure solutions for NextGen Networks, World Class Data Center, IT Services Management, Business Intelligence, Storage, Security, and Business Process Management. He led the Solutions Engineering group, the firm's research and development department for new IT consulting solutions, and served as Executive Sponsor for the Cisco, EMC, and Mercury Interactive Alliances.

Mr. Kearney was formerly a partner of KPMG, helping facilitate the first consulting group of a "Big 5" firm to go public. He also built one the most profitable global solution sets for KPMG Consulting. He is a well known speaker and has been widely quoted in major print and radio media such as the Wall Street Journal, New York Times, and CIO Magazine.

"ePlus is uniquely positioned in the industry to provide our customers a wide array of value-added IT solutions. I am excited to join the ePlus team and look forward to driving the vision and strategy to further expand and enhance ePlus' Consulting Solutions and Professional Services business," said Kearney.

"We are very pleased to welcome Dick to the ePlus team," said Phillip G. Norton, chairman, president, and CEO of ePlus. "His solid background in building strategic world-class consulting and technology teams, and experience with commercial as well as not-for-profit and government entities, will add significant value to ePlus as we continue to provide exceptional solutions and professional services to customers."

About ePlus inc.

ePlus is a leading provider of Enterprise Cost Management solutions to information technology, finance, procurement, operations, and supply chain professionals who 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 United States. 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 other companies and products mentioned herein may be the trademarks of their respective owners.

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 reports filed with the Securities and Exchange Commission.