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Message #30
From: NewsBot
Date: September 26, 2006 05:30:00 AM

PLUS News ePlus Procurement Solution Selected by AutoNation, Inc.

HERNDON, Va.--(BUSINESS WIRE)--ePlus inc. (Nasdaq NGM:PLUS), a leading provider of Enterprise Cost Management solutions, today announced that AutoNation Inc., the largest U.S. auto retailer, selected ePlus’ Procure+ to provide eProcurement, process controls, and supplier management to AutoNation’s 280 dealership locations.

AutoNation’s most challenging requirement was to automate the highly-collaborative ordering processes and bring in-house the controls and best practices required to properly manage large volume, while at the same time not disrupting or removing the flexibility in the ordering process that had developed within AutoNation.

“We are pleased that ePlus’ eProcurement solution not only met all of AutoNation’s requirements,” said Ken Farber, president of ePlus Systems, inc., “but also was able to provide the controls and simplicity they sought.”

About AutoNation, Inc.

AutoNation, Inc. is the largest automotive retailer in the United States. With more than 280 dealerships, 27,000 employees, and close to $20 billion in annual revenue, AutoNation is ranked at 115 in the 2006 Fortune 500.

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 analytics, supplier management, document collaboration, asset management, professional services, and leasing to ePlus’ 2,000+ customers. Founded in 1990, the company is headquartered in Herndon, VA and has more than 30 locations in the U.S. For more information, visit www.eplus.com, call 888-482-1122 or email info@eplus.com.

ePlus®, ePlus Enterprise Cost Management®, Procure+®, 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 that 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. All information set forth in this release is as of September 26, 2006. ePlus undertakes no duty to update this information.

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