Contact:
                                                                    ePlus inc.
                                                           Kley Parkhurst, SVP
                                                             Tel: 703-709-1924
                                                          kparkhurst@eplus.com

For Release on October 9, 2001

          EPLUS COMPLETES ACQUISITION OF SOURCEONE COMPUTER CORPORATION
                    Acquisition Expands West Coast Operations


 HERNDON,  VA -  October  9, 2001 - ePlus  inc.  (Nasdaq:  "PLUS"),  a leader in
 internet based  procurement,  asset management,  and business process services,
 today  announced  that  it  has  acquired  SourceOne  Computer  Corporation,  a
 technology sales and services company located in Silicon Valley.

"The  acquisition  of SourceOne  gives ePlus a stronger  presence in the western
United States." stated Phillip G. Norton, ePlus' president,  chairman, and chief
executive officer. "With experienced  management,  an established customer base,
and an excellent  operating  platform,  SourceOne  will be able to  successfully
cross-sell ePlus' e-commerce and financial services. We are very excited to have
SourceOne  become an integral  part of our company and we welcome its  employees
and customers to ePlus."

Robert Nash, chief executive  officer of SourceOne  commented "We believe ePlus'
business  model  provides our  customers  the  e-commerce  and business  process
services  they have  demanded.  ePlus'  products and services  will enable us to
dramatically  expand  SourceOne's  offerings and value to customers,  which will
give  SourceOne a significant  advantage  over the  competition  and allow us to
better service our customers and grow profitability."

The  acquisition  of SourceOne  will add  approximately  100 customers to ePlus'
customer base and add 9 additional salesman in the Silicon Valley Area.

About ePlus:

ePlus is a  leading  provider  of  Web-based  e-procurement,  asset  management,
financing solutions and eContent  management and outsourcing.  The ePlusSuite of
products  and  services  is  comprised  of  Procure+,  MarketBuilder,   Manage+,
Finance+,  Service+, and the ePlusMarket, to help today's businesses dynamically
streamline,  improve,  and gain management  control.  ePlus also has an eContent
creation  and  management  suite of  products.  ePlus  solutions  integrate  and
automate the supply chain  process from  requisition  to approval,  fulfillment,
financing and asset management.
Founded in 1990, the company is headquartered  in Herndon,  VA and has more than
25   locations  in  the  US.  For  more   information,   visit  our  website  at
www.eplus.com, call 800-827-5711 or email to info@eplus.com.


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ePlus(TM), ePlusSuite(TM), Procure+(TM) , Manage+(TM) , Service+(TM), B14ZR(TM),
OneSource(TM), OneReq(TM), CLG(TM) and MarketBuilder(TM) are trademarks of ePlus
inc. Finance+SM is a registered service mark of ePlus inc.

"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  and  anticipated
future results may vary due to the following risks and uncertainties, including,
without  limitation,  general  economic  conditions;  fluctuations  in operating
results;  its  ability  to  effectively  manage  future  growth,  to retain  and
efficiently  integrate our executive  management  team,  and to identify,  hire,
train and retain, in a highly competitive market,  individuals highly skilled in
the  Internet  and its  rapidly  changing  technology;  the  lack  of  long-term
contracts in certain  business  units;  its ability to enter into and retain its
existing,  strategic  relationships;   market  acceptance;  rapid  technological
change; a decline in Internet usage and intense  competition in its market;  its
ability to  effectively  integrate  the  operational,  managerial  and financial
aspects  of the  ProcureNet  acquisition  and  future  acquisitions;  demand and
competition for the Company's lease financing, equipment sales, asset management
and software licenses and services, and the products to be leased or sold by the
Company;  the  continued  availability  to the  Company  of  adequate  financing
including permanent non-recourse and recourse debt, and working capital lines of
credit;  the  ability of the  Company to recover  its  investment  in  equipment
through remarketing;  the successful  execution of its e-commerce strategy;  the
amount of equipment ordered, purchased and/or leased by its customers; 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.



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