ePlus Receives HP Performance Excellence Award; Attains Status of Preferred Service and Support Provider in Recognition of Exceptional Customer Service

Business Wire, June 19, 2006

HERNDON, Va. -- ePlus inc. (Nasdaq NM:PLUS), a leading provider of Enterprise Cost Management solutions, today announced that ePlus Technology, inc., the company's wholly owned subsidiary and leading direct marketer of IT products and professional services, received the HP Performance Excellence Award for Preferred Service and Support for Q1 2006.

ePlus was recognized by HP as part of its Partner Recognition Program for its contribution as a national partner in providing outstanding customer service. Winners of this award were selected based upon their quarterly average in customer satisfaction, parts usage efficiency, and how well problems were resolved on the first visit to a customer's site.

"We're delighted to be recognized for our exceptional performance as an HP Authorized Warranty Delivery Partner," said Mark Marron, senior vice president of ePlus. "While ePlus has consistently won service awards from HP over the years, we're especially proud of attaining the Preferred Service and Support Provider status as it demanded more stringent requirements, and reflects our hard work and commitment to providing best-in-class HP solutions to our customers."

"ePlus Technology is a valued HP partner," said Tom Jordan, director, United States Partner Service Delivery, HP Services. "Working together enables us to pass significant technology benefits, efficiency enhancements, and cost savings to our end users."

ePlus Technology, a Platinum Elite value-added reseller of HP equipment and partner with other leading industry manufacturers, has expertise and proven success designing, implementing, and supporting a broad range of technology solutions, including storage, security, networks, Internet Telephony (IPT), IT outsourcing, managed 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 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.

"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.