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American Skiing Company Goes Live with
Enterprise-Wide Procure+ System
Resort Operator Completes eProcurement and Inventory Solution
Implementation Nationwide within Tight Deadlines
HERNDON, VA – March 20, 2007 – ePlus inc. (Nasdaq NGM: PLUS – news), a leading provider of Enterprise Cost Management solutions, today announced that American Skiing Company (ASC), one of the largest operators of alpine ski, snowboard, and golf resorts in the United States, had successfully completed its implementation of Procure+, a leading eProcurement application from ePlus.
The implementation integrated seven ski resorts throughout North America with ASC’s corporate purchasing and provides visibility into the company’s spend and inventory.
"This is a highly-seasonal business, and we needed a process that was designed to handle seasonal spend and inventory requirements," said Tracey Stevens, vice president, Purchasing and Supply Management of American Skiing Company. "Visibility into spare parts inventory was one of the reasons we purchased Procure+. Any downtime during the season has a huge impact on our operations and revenue.
When we embark on a major project such as this, which affects every location, it begins in the off season and has to be completely operational well before the next season starts. Our window was very well defined and there was little room for slippage. Having ePlus host the application helped ensure that didn’t happen."
"American Skiing Company has put in place a complete solution that meets its specific requirements for integrated requisitioning, purchasing, inventory management, and invoice matching," said Ken Farber, president of ePlus Systems, inc. "We are happy to have worked with ASC on this project and to ensure the system was live in time for its critical season."
About American Skiing Company
Headquartered in Park City, Utah, American Skiing Company (OTC Bulletin Board: AESK - News) is one of the largest operators of alpine ski, snowboard, and golf resorts in the United States. Its resorts include Killington, Pico, and Mount Snow in Vermont; Sunday River and Sugarloaf/USA in Maine; Attitash in New Hampshire; and The Canyons in Utah. More information is available on the Company's web site, http://www.peaks.com/.
About ePlus inc.
ePlus is a leading provider of Enterprise Cost Management solutions to information technology, finance, procurement, operations, and supply chain professionals who want to reduce the costs of finding, purchasing, managing, and financing information technology goods and services. Our Enterprise Cost Management solutions provide sourcing, procurement, spend analytics, supplier management, document collaboration, asset management, professional services, and leasing to ePlus’ 2,000+ customers. Founded in 1990, the Company is headquartered in Herndon, VA and has more than 30 locations in the United States. For more information, visit http://www.eplus.com/, call 888-482-1122, or email info@eplus.com.
ePlus®, ePlus Enterprise Cost Management®, Procure+®, and/or other 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 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 reports filed with the Securities and Exchange Commission. All information set forth in this release is as of March 20, 2007. ePlus undertakes no duty to update this information.
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