Item 7.01 Regulation FD Disclosure

As previously disclosed, ePlus inc. (the "Company") filed a complaint in May 2009 in the United States District Court for the Eastern District of Virginia against four defendants, alleging that they used or sold products, methods, processes, services and/or systems that infringe on certain of its patents. In July 2009, the Company entered into a settlement agreement with one defendant. On August 19, 2009, the Company entered into a Settlement and License Agreement ("the Agreement") with a second defendant. Pursuant to the Agreement, the Company has received $2.4 million for the license of certain of its patents.

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