FOR RELEASE At 8:30 A.M. ON OCTOBER 25, 1999



                               MLC Announces ePlus
        ePlus is a comprehensive business to business e-commerce service

HERNDON,  VA (October 25, 1999) - MLC Holdings  (NASD:MLCH) will start operating
and trading as ePlus on November 1, 1999 (new ticker symbol "PLUS"). ePlus is an
e-commerce business to business supply chain management service provider serving
the commercial, educational, and government markets. The change is the result of
MLC's  strategic  vision  and the  natural  evolution  of the  company's  online
services it has been offering since 1996.

"ePlus  services  allows  our  customers  to  significantly   increase  internal
efficiencies and decrease the expense of procuring, owning, and disposing of all
types of corporate assets and resources." stated Mr. Phillip G. Norton,  ePlus's
Chairman,  President  and Chief  Executive  Officer.  "Our  business to business
e-commerce  platform  combines the best features of an ERP supply chain solution
and an enterprise-level asset management solution, and delivers the service as a
hosted application.  It incorporates in a seamless platform, all of the valuable
services that are part of ePlus' core competencies. ePlus services are scalable,
require minimal  implementation  and deployment  costs to the customer,  and are
based on standardized  open-architecture  to insure compatibility with web based
e-commerce  platforms  as well as most  legacy  systems.  ePlus is so key to our
future and our strategic direction that we changed our name to brand our company
and product."

ePlus services include online procurement,  electronic work flow process, supply
chain management, and asset management.  ePlus also offers leasing, hardware and
software  sales and service,  as well as a full range of  technology  consulting
services. The service allows our customers to reduce the cost and inefficiencies
that  exist  in  today's  procurement  systems.  ePlus  can  provide  electronic
catalogues  and  databases  for any asset class or service,  with an emphasis on
information  technology  equipment.   Currently,  the  Company  has  over  fifty
customers using its asset management  services,  including Proxicom (NASD: PXCM)
and Dain  Rauscher  (NYSE:  DRC) who have  implemented  the full  suite of ePlus
services.

The company  announced  that its ticker symbol will change from "MLCH" to "PLUS"
on November 1, 1999.  In  addition,  the company  stated that its legal name has
changed from MLC Holdings, Inc. to ePlus inc. on October 19, 1999.

ePlus will continue to build on strong growth it has  experienced  over the last
three years.  ePlus began  offering  online asset  management  services in 1996.
Since then  revenues have grown from $64 million to $193 million for fiscal year
ending March 31, 1999. During that same period, total assets also increased from
$21 million in 1995 to $154 million in 1999.  With over 2,500  customers  and 15
sales offices around the country, MLC is one of the fastest growing supply chain
and asset management service providers.

"Safe Harbor"  Statement under the Private  Securities  Litigation Reform Act of
1995:  The statements  contained in this release which are not historical  facts
may be deemed to contain forward-looking statements. Actual results may vary due
to the following risks and uncertainties,  including, without limitation, demand
and  competition for the Company's lease financing and equipment sales and asset
management  services,  and the products to be leased or sold by the Company, the
continued availability to the Company of adequate financing,  the ability of the
Company  to  recover  its  investment  in  equipment  through  remarketing,  the
successful   execution  of  its   e-commerce   strategy,   and  other  risks  or
uncertainties  detailed in the  Company's  Securities  and  Exchange  Commission
filings.  Investors  are  cautioned  that current  financial  results may not be
indicative of future results.

CONTACT:          PHILLIP G. NORTON
                  CHAIRMAN, PRESIDENT AND CHIEF EXECUTIVE OFFICER
                  PHONE: 703-709-1926
                  FAX:   703-834-5718

                  KLEYTON L. PARKHURST (KPARKHURST@MLCGROUP.COM)
                  SENIOR VICE PRESIDENT
                  PHONE: 703-709-1924
                  FAX:   703-834-5718
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