Value Microcaps Motherboard

[2morrowsGains]

PLUS...Share Buyback...

ePlus has spent the last 1½ years buying back their own shares on the open market. In fact, between 10/03 & 05/04, they bought back 533,500 shares at an average of $14 per share. (Current price = $12.07)
Now they're buying back more.
How many companies out there can show continuous growth while shrinking their outstanding shares & float? (Shares outstanding now = below 9M)
ePLUS seems to see value in their own company, even @ $14 a share....

ePlus Announces Stock Repurchase Program

Oct 1, 2003 - ePlus inc. (NasdaqNM:PLUS - News) announced today that its board of directors has authorized the repurchase from time to time of up to 3,000,000 shares of its outstanding common stock to a cumulative maximum of $7,500,000 over a period ending no later than September 30, 2004. The purchases may be made in the open market or in privately negotiated transactions, subject to availability, at prices deemed appropriate by management. The repurchased shares will have the status of treasury shares and may be used, when needed, for general corporate purposes. ePlus had approximately 9.4 million shares of common stock outstanding as of Tuesday, September 30, 2003.
http://www.eplus.com/web/BaseRenderer.aspx?ItemId=888


ePlus Announces Change to Stock Repurchase Program
Authorized Maximum Increased to $12 million

May 7, 2004 - ePlus inc. (Nasdaq NM: PLUS - news) announced today that its board of directors has approved an increase, from $7,500,000 to $12,000,000, of the maximum total cost of shares purchased under the current stock repurchase plan. The plan, which commenced on October 1, 2003, authorizes the repurchase from time to time of up to 3,000,000 shares of its outstanding common stock over a period ending no later than September 30, 2004. The purchases may be made in the open market or in privately negotiated transactions, subject to availability, at prices deemed appropriate by management. The repurchased shares will have the status of treasury shares and may be used, when needed, for general corporate purposes.

Since the commencement of the current plan, and prior to the increase authorization, ePlus had acquired more than 533,500 shares for total consideration of $7.47 million. As of May 5, 2004, there were 8,913,958 million shares of common stock outstanding.
http://www.eplus.com/web/BaseRenderer.aspx?ItemId=1419

ePlus Announces Stock Repurchase Program

November 18, 2004 – ePlus inc. (Nasdaq NM: PLUS – news) announced today that its board of directors has authorized the repurchase, over a twelve month period ending no later than November 17, 2005, of up to three million shares of its outstanding common stock, subject to a cumulative maximum of $7,500,000. 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. Any repurchased shares will have the status of treasury shares and may be used, when needed, for general corporate purposes. ePlus had approximately 8.96 million shares of common stock outstanding as of September 30, 2004.
http://www.eplus.com/web/BaseRenderer.aspx?ItemId=1912