ePlus Increases Stock Repurchase Program

Herndon, VA - March 2, 2005 - ePlus inc (Nasdaq NM: PLUS - news) announced today
that it has amended its stock  repurchase  program to  increase  the  cumulative
maximum  repurchases  during the twelve month period ending November 17, 2005 to
$12,500,000  from the prior cumulative  maximum amount of $7,500,000.  All other
terms of the stock repurchase program announced by press release on November 18,
2004 remain the same. In particular, the purchases may be made from time to time
in  the  open  market,  or in  privately  negotiated  transactions,  subject  to
availability,  at prices deemed  appropriate  by  management.  Furthermore,  any
repurchased shares will have the status of treasury shares and may be used, when
needed, for general corporate purposes.

About ePlus inc.

A leading provider of Enterprise Cost Management, ePlus provides a comprehensive
solution to reduce the costs of  purchasing,  owning,  and  financing  goods and
services.  ePlus  Enterprise Cost Management  (eECM) packages  business  process
outsourcing,   eProcurement,  asset  management,  product  and  catalog  content
management, supplier enablement, strategic sourcing, and financial services into
a single integrated  solution,  all based on ePlus' leading business application
software.  Profitable  since inception in 1990, the company is  headquartered in
Herndon,  VA, and has more than 30 locations  in the U.S. For more  information,
visit www.eplus.com, call 888-482-1122 or email info@eplus.com.

ePlus(TM) is a trademark of ePlus inc. ePlus  Enterprise  Cost  Management,  and
eECM, are trademarks applied for of ePlus inc.

"Safe Harbor"  Statement under the Private  Securities  Litigation Reform Act of
1995:  Statements in this press release,  which 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,
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;  the  creditworthiness  of our
customers;  our ability to raise capital and obtain  non-recourse  financing for
our transactions; our ability to realize our investment in leased equipment; our
ability to reserve  adequately for credit losses;  fluctuations in our operating
results;  our reliance on our management  team; and other risks or uncertainties
detailed in our Securities and Exchange Commission filings.

        Contact: Steve Mencarini, CFO        Kley Parkhurst, SVP
                 ePlus inc.                  ePlus inc.
                 smencarini@eplus.com        kparkhurst@eplus.com
                 703-984-8240                703-984-8150