HERNDON, Va., Aug. 16, 2010 (GLOBE NEWSWIRE) -- ePlus inc. (Nasdaq:PLUS) today announced that its wholly owned subsidiary, ePlus Technology, Inc., has renewed its agreement with VHA Inc., a nationwide network of not-for-profit hospitals that work together to improve clinical and economic performance. ePlus will offer IT products and services as well as leasing services for IT and medical equipment to more than 1,400 VHA member healthcare institutions and 28,000+ non-acute facilities nationwide. Effective July 1, 2010, the terms of the agreements are valid for an additional three years and extend a successful partnership between ePlus and VHA that has existed since 2004.
ePlus will continue to offer VHA members a broad range of IT equipment and services through these agreements, including servers, storage, consolidation/virtualization, computer and network systems, security, wireless solutions, maintenance agreements, RFID asset tracking, healthcare solutions related to IT (such as PACS equipment and nursing carts), and IT services (including design, configuration, and installation).
In addition, ePlus will provide a variety of financing options, including operating leases, capital leases, loans, and sale-leasebacks of installed equipment. As one of the leading vendor-independent lessors of technology and medical equipment, ePlus can finance a broad array of equipment from most manufacturers, providing VHA members with a flexible and cost-effective alternative to purchasing expensive assets, such as MRI and CT scanners, cardiac catheterization labs, ultrasound, PACS, PET systems, and more.
"ePlus has provided our members with excellent service during the past six years," said David Gillan, vice president of purchased services and strategic outsourcing at VHA. "This agreement further establishes our collaborative efforts to help improve our members' cash flow by continuing to provide affordable access to the equipment needed to enhance patient care."
"ePlus is proud of the success we've had serving the needs of VHA members over the past several years," said Mark Marron, president of ePlus Technology. "We look forward to continuing our status as a proven partner to hundreds of healthcare organizations and a one-stop resource for all IT equipment and services as well as leasing solutions. With an unwavering commitment to customer satisfaction, top industry certifications and partnerships, and a national healthcare team, we help VHA members balance the demands of patient care and the realities of their budgets while driving significant cost savings."
More information about the services ePlus offers to VHA member organizations can be found at www.eplus.com/vha.
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, state, 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 info@eplus.com.
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 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.