SOURCE: ePlus inc.

ePlus inc.

February 24, 2009 09:00 ET

ePlus Awarded Two IT Contracts From the Commonwealth of Pennsylvania

Will Further Streamline State's Purchasing of Networking and Peripheral Products

HERNDON, VA--(Marketwire - February 24, 2009) - ePlus inc. (NASDAQ: PLUS) announced that the Commonwealth of Pennsylvania has awarded ePlus Technology inc., a wholly owned subsidiary, two separate statewide information technology contracts. Both contracts awards are expected to be in force until June 30, 2011, with two one-year renewal options.

The first award includes peripherals and audio/visual products and related technical services (encompassing scanners, projectors, memory, UPS, TVs, monitors, teleconferencing gear, digital cameras, cables, and more). ePlus is one of only two vendors authorized by the Commonwealth to provide peripherals and audio/visual products through this contract, which is the primary vehicle through which all state agencies procure the covered equipment. All other public entities in the state, including local government and K-12 education, are eligible to purchase under the contract.

The second contract award covers networking hardware and related services (including routing, switching, wireless, firewall, and security infrastructure) from many manufacturers, including Cisco. For the networking portion of the RFP, ePlus is one of only five vendors to receive a contract award.

ePlus Technology has held contracts with the Commonwealth for networking, peripheral, and audio/visual products since 2004.

In addition to sourcing IT equipment through these contracts, the Commonwealth of Pennsylvania utilizes ePlus' OneSource IT electronic procurement application. Through a punch-out interface with the state's ERP system, OneSource IT provides automated quoting, order processing, tracking, and many other features for a wide range of products. OneSource IT helps the Commonwealth be more productive and efficient in its procurement of the covered IT equipment to further reduce costs.

"We're pleased with the receipt of these two new awards from the Commonwealth of Pennsylvania and the opportunity to continue to serve agencies and entities across the state with their strategic sourcing needs," said Darren Raiguel, national vice president, public sector at ePlus Technology. "The combination of our knowledgeable staff, OneSource IT for streamlined procurement, and strategic relationships with key manufacturers (including our status as a Cisco Gold Certified Partner with Cisco Master Specializations in Security and Unified Communications) will help the Commonwealth automate its processes and maximize cost savings."

ePlus is a leading systems integrator for the public sector and holds multiple educational and government contracts throughout the United States, including California, Connecticut, Maine, Maryland, Massachusetts, New Hampshire, North Carolina, New Jersey, Pennsylvania, South Carolina, and Virginia. ePlus serves the technology needs of schools and government agencies through a combination of seasoned expertise and focused customer service related to hardware, software, peripherals, telecommunications, networking, maintenance, integration, leasing, asset disposition, support services, and more.

About ePlus inc.

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 650 associates in 20+ locations serving federal, municipal, and commercial customers. The Company is headquartered in Herndon, VA. For more information, visit, call 888-482-1122, or email

ePlus® and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries. The names of other companies and products mentioned herein may be the trademarks of their respective owners.

Statements in this press release that 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, possible adverse effects resulting from the recent financial crisis in the credit markets and general slowdown of the U.S. economy such as our current and potential customers delaying or reducing technology purchases, increasing credit risk associated with our customers and vendors, reduction of vendor incentive programs, and restrictions on our access to capital necessary to fund our operations; 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; our ability to consummate and integrate acquisitions; our ability to raise capital and obtain non-recourse financing for our transactions; our ability to reserve adequately for credit losses; and other risks or uncertainties detailed in our reports filed with the Securities and Exchange Commission. All information set forth in this release is as of the date of this release. ePlus undertakes no duty to update this information.

Contact Information

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    Kleyton Parkhurst
    ePlus inc.
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