ePlus Increases Stock Repurchase Program
Herndon, VA - March 2, 2005 - ePlus inc (Nasdaq NM: PLUS - news) announced today
that it has amended its stock repurchase program to increase the cumulative
maximum repurchases during the twelve month period ending November 17, 2005 to
$12,500,000 from the prior cumulative maximum amount of $7,500,000. All other
terms of the stock repurchase program announced by press release on November 18,
2004 remain the same. In particular, the purchases may be made from time to time
in the open market, or in privately negotiated transactions, subject to
availability, at prices deemed appropriate by management. Furthermore, any
repurchased shares will have the status of treasury shares and may be used, when
needed, for general corporate purposes.
About ePlus inc.
A leading provider of Enterprise Cost Management, ePlus provides a comprehensive
solution to reduce the costs of purchasing, owning, and financing goods and
services. ePlus Enterprise Cost Management (eECM) packages business process
outsourcing, eProcurement, asset management, product and catalog content
management, supplier enablement, strategic sourcing, and financial services into
a single integrated solution, all based on ePlus' leading business application
software. Profitable since inception 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(TM) is a trademark of ePlus inc. ePlus Enterprise Cost Management, and
eECM, are trademarks applied for of ePlus inc.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: Statements in this press release, which 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 Securities and Exchange Commission filings.
Contact: Steve Mencarini, CFO Kley Parkhurst, SVP
ePlus inc. ePlus inc.
smencarini@eplus.com kparkhurst@eplus.com
703-984-8240 703-984-8150