ePlus Announces Stock Repurchase Program

HERNDON, VA--(Marketwire - August 14, 2009) - ePlus inc. (NASDAQ: 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, 2009. The Company's current repurchase plan is scheduled
to expire on September 15, 2009. ePlus had approximately 8.2 million
shares of common stock outstanding as of July 31, 2009.

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.

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® is a registered trademark of ePlus inc.

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.