ePlus (NASDAQ:PLUS) Stock Repurchase Program

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ePlus inc. (NASDAQ: PLUS) recently publicized that its board of directors has authorized the repurchase up to 500,000 shares of ePlus' outstanding common stock over a 12-month period commencing on September 16, 2009. The Company's current repurchase plan is scheduled to expire on September 15, 2009. ePlus had approximately 8.2 million shares of common stock outstanding as of July 31, 2009.

The purchases may be made from time to time in the open market, or in privately negotiated transactions, subject to availability. Any repurchased shares will have the status of treasury shares and may be used, if and when needed, for general corporate purposes. ePlus has no obligation to repurchase shares under the authorization, and the timing, actual number and value of the shares which are repurchased will be at the discretion of management and will depend on a number of factors, including the price of the Company's common stock. The Company may suspend or discontinue repurchases at any time.

ePlus is a leading provider of technology solutions. ePlus enables organizations to optimize their IT infrastructure and supply chain processes by delivering world-class IT products from top manufacturers, professional services, flexible lease financing, proprietary software, and patented business methods. Founded in 1990, ePlus has more than 625 associates in 20+ locations serving federal, municipal, and commercial customers. The Company is headquartered in Herndon, VA.  ePlus rises above the competition by the breadth of our offering and expertise. Not only can we help our customers build and maintain any aspect of their IT infrastructure, we can help them finance it and enhance their productivity and efficiency through business process solutions and supply chain software.  ePlus values the importance of our long-standing partnerships with top manufacturers. We hold the highest level certifications across the board, have access to the greatest levels of discounts, and employ an expert-level engineering team to implement the latest technologies. This breadth and depth of our offering is what differentiates us in the marketplace.  Our partnerships represent HP, Cisco, VMware, NetApp, Microsoft, Symantec, IBM, Sun and Lenovo.  This strategy enables us to provide integrated delivery solutions in the most critical technologies for our customers. We are also partnered with many other industry leading manufacturers such as F5, APC, Apple, Citrix, Dell, Emerson, Kingston, Lexmark, OKI and Xerox.

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