ePlus Does Not Acquire Technology Reseller Assets
HERNDON, VA - October 24, 2005 - ePlus inc. (Nasdaq NM: PLUS - news), a leading
provider of Enterprise Cost Management solutions, today announced that the
transaction to acquire the operating assets of Amherst Technologies, LLC,
previously announced on October 13, 2005, was not consummated.
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