ePlus Technology Signs Letter of Intent to Acquire
                          Assets of Technology Reseller

HERNDON,  VA - October 13, 2005 - ePlus inc. (Nasdaq NM: PLUS - news), a leading
provider of Enterprise  Cost  Management  solutions,  today  announced  that its
wholly owned subsidiary,  ePlus Technology,  Inc., has entered into an exclusive
letter of intent to purchase the operating assets of Amherst Technologies,  LLC,
a technology  reseller  which recorded more than $200 million of revenues in its
fiscal year ended December 31, 2004. The transaction is expected to close within
two weeks, and is subject to mutually acceptable  documentation,  relief of stay
in U.S.  bankruptcy  court,  and  other  customary  terms  and  conditions.  The
consideration for the purchased assets will include  approximately $2 million in
cash and  assumption of certain other  liabilities.  The reseller  currently has
branches in Texas, California, Florida, and New England.

"We are very pleased to be adding to our national reach with these new branches,
gaining new customers,  and welcoming new associates to ePlus" stated Phillip G.
Norton, chairman, CEO, and president of ePlus.

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, spend analytics, strategic sourcing, financial
services,  and  document  access  and  collaboration  into a  single  integrated
solution, all based on ePlus' leading business application software. The company
is  headquartered  in Herndon,  VA, and has more than 30 locations in the United
States. For more information, visit http://www.eplus.com/,  call 888-482-1122 or
email info@eplus.com.

ePlus,  eECM,  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 actual companies and
products mentioned herein may be the trademarks of their respective owners.

"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.
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     Contact:           Kley Parkhurst, SVP
                        ePlus inc.
                        kparkhurst@eplus.com
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                        703-984-8150