ePlus’ Procure+ and Content+ Receive Third Consecutive SAS 70 Type II Accreditation


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ePlus’ Procure+ and Content+ Receive Third Consecutive SAS 70 Type II

Third Audit Report Shows That Controls Have Been Applied
Consistently Over a Multi-Year Period

HERNDON, Va., Dec. 10, 2009 (GLOBE NEWSWIRE) — ePlus inc.
(Nasdaq:PLUS), a leading provider of technology solutions, announced that
its wholly owned subsidiary, ePlus Systems, inc., has successfully completed
a third consecutive unqualified SAS 70 Type II examination for its
eProcurement and Content Management solutions, issued by an independent
audit firm. The Type II examination was performed in accordance with the
standards established by the American Institute of Certified Public
Accountants (AICPA).

The ePlus SAS 70 report, conducted by one of the nation’s leading service
audit firms specializing in SAS 70 services, found that as of September 30,
2009, both the design and operating effectiveness of certain controls
supporting ePlus’ eProcurement and Content solutions provided “reasonable
assurance” that the specified control objectives were achieved.

The SAS 70 Type II report provides an authoritative and independent
assessment of a service provider’s adherence to process controls in
alignment with Sarbanes-Oxley requirements. The examination was performed in
accordance with standards established by the American Institute of Certified
Public Accountants and included those procedures considered necessary in the
circumstances to obtain a reasonable basis for rendering an opinion. The
examination covered nearly 100 specific controls to obtain evidence about
ePlus’ effectiveness in meeting the control objectives.

“An unqualified report is the highest outcome for a SAS 70 Type II audit,”
said Ken Farber, president of ePlus Systems. “By receiving three consecutive
annual reports, ePlus has shown not only that we have the rigorous controls
in place in order to qualify for the audit report, we have also demonstrated
our consistency in achieving these control objectives over several years. I
am pleased to be able to provide this report to our customers as evidence of
the well-documented and highly-disciplined control activities surrounding
the development, testing, and deployment of our hosted solutions.”

The scope of the ePlus Type II examination included Procure+, the company’s
eProcurement solution that provides catalog, bidding, ordering, inventory,
and invoice matching management for the entire purchasing process, and
Content+ and the Supplier Portal, which enables suppliers to upload and
maintain their online catalogs.

ePlus believes that its customers may use the ePlus Type II report to
support their compliance with the Sarbanes-Oxley Act of 2002 for those
services outsourced to ePlus.

Customers interested in receiving the latest report may register to receive
it at ePlus SAS 70 Audit Report.

More information about Procure+ and ePlus supplier enablement solutions can
be found, respectively, at ePlus Procurement and ePlus Supplier Enablement.

For additional information about SAS 70, visit

About ePlus Systems, inc.

ePlus Systems, inc., a wholly owned subsidiary of ePlus inc., delivers
advanced supply management solutions and services to help public sector
clients and commercial organizations across all industries get the most
value from their spend. Its diversified portfolio of solutions includes
eProcurement, supplier enablement, catalog content management, spend
analytics, document management, and asset management. These solutions help
drive cost savings, improve compliance, and enhance productivity throughout
the organization. ePlus solutions are offered as hosted Software as a
Service (SaaS) and traditional enterprise licenses.

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 625 associates in 20+
locations serving federal, municipal, and commercial customers. The Company
is headquartered in Herndon, VA. For more information, visit
http://www.eplus.com, call 888-482-1122, or email [email protected].

ePlus(R), Procure+(R), Content+(R), Supplier Portal, 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. Subject to one or more of the following: U.S.
Patent Nos. 6,023,683; 6,055,516; 6,505,172; 6,892,185; 6,182,127;
6,510,459; 7,047,211; 7,185,069; 7,254,581; 7,526,494; and corresponding
foreign patents and patents pending.

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 materially 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, the possibility of
additional goodwill impairment charges, and restrictions on our access to
capital necessary to fund our operations; the demand for and acceptance of,
our products and 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 press release is
current as of the date of this release and ePlus undertakes no duty or
obligation to update this information.

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