ePlus Appoints New President of ePlus Group
HERNDON, VA - April 2, 2014 - ePlus inc. (NASDAQ NGS: PLUS - news) today announced that it has appointed Chad Fredrick as president of ePlus Group, inc., its subsidiary that provides financial solutions and services. Mr. Fredrick brings more than 20 years of sales leadership, transaction structuring, and market development experience to his new role, most recently serving as senior vice president of ePlus Group.
Bruce Bowen stepped down as executive vice president and president of ePlus Group effective March 28, 2014. Mr. Bowen, the founder of ePlus, will continue to serve as a member of ePlus' Board of Directors, and will continue as an ePlus employee, focusing on business development and special projects.
"I am pleased to congratulate Mr. Fredrick on his new role at ePlus," said Phillip G. Norton, chairman, CEO, and president of ePlus. "He has worked closely with Mr. Bowen for two decades and I believe has the experience and leadership capabilities to guide ePlus' financing segment on a continued path of success."
"On behalf of the entire ePlus family, I would like to thank Bruce for his dedicated service to ePlus since our inception in 1990. We are looking forward to continuing to gain his business insight and acumen as an ePlus board member and contributor in his new role," Mr. Norton continued.
About ePlus Group, inc.
ePlus Group, inc., a wholly owned subsidiary of ePlus inc., provides financing solutions and related services to a wide variety of private industries as well as state and local governments and federal government contractors who sell to federal government agencies. ePlus Group offers IT equipment financing, IT lifecycle process automation, and vendor solutions as well as healthcare leasing, federal leasing, and municipal leasing. For more information about ePlus Group, visit www.eplus.com/financial.
About ePlus inc.
ePlus is a leading integrator of technology solutions. ePlus enables organizations to optimize their IT infrastructure and supply chain processes by delivering world-class IT products from top manufacturers, managed and professional services, flexible lease financing, proprietary software, and patented business methods and systems. Founded in 1990, ePlus has more than 900 associates serving federal, state, municipal, and commercial customers nationally. The Company is headquartered in Herndon, VA. For more information, visit www.eplus.com, call 888-482-1122, or email firstname.lastname@example.org. Connect with ePlus on Facebook at www.facebook.com/ePlusinc and on Twitter at twitter.com/eplus.
ePlus and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries.
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 financial market disruption 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, and restrictions on our access to capital necessary to fund our operations; our ability to consummate and integrate acquisitions; the continued service and availability of key executives and employees; the possibility of goodwill impairment charges in the future; significant adverse changes in, reductions in, or losses of relationships with major customers or vendors; the demand for and acceptance of, our products and services; our ability to adapt our services to meet changes in market developments; our ability to implement comprehensive plans for the integration of sales forces, cost containment, asset rationalization, systems integration and other key strategies; our ability to reserve adequately for credit losses; our ability to secure our electronic and other confidential information; future growth rates in our core businesses; our ability to protect our intellectual property; the impact of competition in our markets; the possibility of defects in our products or catalog content data; our ability to adapt to changes in the IT industry and/or rapid change in product standards; our ability to realize our investment in leased equipment; our ability to hire and retain sufficient qualified personnel; 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.