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PLUS News ePlus Technology Expands its Dallas Sales and Engineering Team

HERNDON, Va.--(BUSINESS WIRE)--ePlus inc. (Nasdaq NGM:PLUS), today announced that its wholly owned subsidiary, ePlus Technology, Inc., has expanded its sales and engineering team in the Dallas-Fort Worth Metroplex. The new professionals bring decades of expertise in sales management, business development, strategic planning, and network design and implementation in the telecommunications industry, further strengthening ePlus’ national Cisco practice as a prominent Cisco Certified Gold Partner.

ePlus Technology is a leading direct marketer of IT products and professional services, and the expansion of its Dallas area office will also strengthen ePlus’ local presence. The ePlus office, located in the Las Colinas area with proximity to Dallas and Fort Worth and DFW airport, is an ideal location for the ePlus team to serve the greater Metroplex market.

The team leader is Steven Reed, who brings more than 30 years of experience to ePlus as director of sales. Mr. Reed has held executive, consulting, and sales management positions at Motorola, Sprint, Accenture, Ernst and Young Consulting, and AT&T/SBC Communications. With an extensive background in telecommunications, Mr. Reed has experience with business and product development, national and global account management and sales operations, and a wide variety of network transformation and emerging technologies.

In addition to Mr. Reed, ePlus adds three senior account executives. Rick Hernandez has nearly two decades of experience in the telecommunications arena, where he served as national account manager and integrated sales executive for enterprise and global solutions. Ronnie D. Broom joins ePlus with more than 25 years in telecommunications management, account management, and technical sales for government, education, and medical enterprises. Robert Stack, a Cisco sales expert, has 15 years of telecommunications experience (including network integration with data and voice networks and IP telephony systems) and holds an MBA in Telecommunications Management.

To complement the sales team, ePlus has also hired another Cisco Certified Internetworking Engineer (CCIE) as senior engineer. With more than 15 years of IT engineering experience, the CCIE has specializations in advanced internetworking design, network security design and implementation, network fault-isolation and optimization, and strategic network architecture.

“I speak on behalf of my team when I express our excitement and enthusiasm to be part of ePlus,” said Steve Reed, ePlus sales director. “We are confident that we can make a significant impact serving the greater Dallas/Ft. Worth area and beyond through our strong background to gain new customers and enhance our offering to existing ePlus customers.”

“We are pleased to welcome the new members of our sales and engineering team,” said Andy Shulman, regional vice president of ePlus. “Their combined expertise, industry contacts, and level of professionalism complement our talented team in the Las Colinas office and will enable ePlus to further expand our regional footprint as we leverage our Cisco partnership to continue to bring world-class services to the Dallas/Ft. Worth market.”

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® and 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.

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 October 10, 2006. ePlus undertakes no duty to update this information.