ePlus Announces 500K Stock Repurchase Program

ePlus inc. PLUS announced that its board of directors has authorized the Company to repurchase up to 500,000 shares of ePlus' outstanding common stock over a 12-month period commencing on September 16, 2011. The Company's current repurchase plan is scheduled to expire on September 15, 2011. ePlus had approximately 8.5 million shares of common stock outstanding as of July 31, 2011. The purchases may be made from time to time in the open market, or in privately negotiated transactions, subject to availability. Any repurchased shares will have the status of treasury shares and may be used, if and when needed, for general corporate purposes. ePlus has no obligation to repurchase shares under the authorization, and the timing, actual number and value of the shares which are repurchased will be at the discretion of management and will depend on a number of factors, including the price of the Company's common stock. The Company may suspend or discontinue repurchases at any time.