ePlus Technology Awarded Massachusetts Higher Education Consortium Contract

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HERNDON, Va., Oct. 1, 2009 (GLOBE NEWSWIRE) -- ePlus inc. (Nasdaq:PLUS - News) announced today that its wholly owned subsidiary, ePlus Technology inc., has been selected by the Massachusetts Higher Education Consortium (MHEC) to provide information technology products and services under a new contract, MC10-F05. ePlus is part of a select group of resellers under this contract to provision products to MHEC members, which represent 89 member schools throughout New England higher education as well as public television, libraries, private secondary institutions, and autonomous state agencies. The agreement began in September 2009 and runs through June 2011.

The MHEC contract covers numerous product lines from various manufacturers, including Barracuda, Belkin, Cisco, Dell, EMC, HP, IronPort, Logitech, Quantum, Sophos, and Targus. ePlus is authorized to provide a variety of computer equipment and supplies under the contract to MHEC members, including storage, networking, security devices, IP telephony, telecommunications, peripherals and accessories, and maintenance.

"We're pleased with the receipt of this new MHEC contract, which will allow ePlus to further extend our reach into this market sector in New England," said Steve Low, senior client executive for ePlus Technology's Northeast Government and Education Sales. "We look forward to bringing our experience and resources, particularly in the areas of data center, unified computing, and LAN/WAN technologies, to help MHEC members stay on the leading edge of technology and build a cost-effective end-to-end IT infrastructure."

ePlus is a leading systems integrator for the public sector and holds multiple educational and government contracts throughout the United States, including California, Connecticut, Maine, Maryland, Massachusetts, New Hampshire, North Carolina, New Jersey, Pennsylvania, Rhode Island, South Carolina, Texas, and Virginia. ePlus serves the technology needs of schools and government agencies through a combination of seasoned expertise and focused 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 technology solutions. ePlus enables organizations to optimize their IT infrastructure and supply chain processes by delivering world-class IT products from top manufacturers, professional services, flexible lease financing, proprietary software, and patented business methods. Founded in 1990, ePlus has more than 625 associates in 20+ locations serving federal, municipal, and commercial customers. The Company is headquartered in Herndon, VA. For more information, visit http://www.eplus.com, call 888-482-1122, or email info@eplus.com.

ePlus(R) and 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 that are not historical facts may be deemed to be "forward-looking statements." Actual and anticipated future results may vary materially due to certain risks and uncertainties, including, without limitation, possible adverse effects resulting from the recent financial crisis in the credit markets and general slowdown of the U.S. economy such as our current and potential customers delaying or reducing technology purchases, increasing credit risk associated with our customers and vendors, reduction of vendor incentive programs, the possibility of additional goodwill impairment charges, and restrictions on our access to capital necessary to fund our operations; the demand for and acceptance of, our products and 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; our ability to consummate and integrate acquisitions; our ability to raise capital and obtain non-recourse financing for our transactions; our ability to reserve adequately for credit losses; and other risks or uncertainties detailed in our reports filed with the Securities and Exchange Commission. All information set forth in this press release is current as of the date of this release and ePlus undertakes no duty or obligation to update this information.

ePlus inc.
Kleyton Parkhurst, SVP
703-984-8150
kparkhurst@eplus.com