SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 28, 2004
EPLUS INC.
-----------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 000-28926 54-1817218
-------------- -------------- --------------
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification
No.)
400 Herndon Parkway, Herndon, Virginia 20170
-----------------------------------------------------
(Address, including zip code, of principal executive office)
(703) 834-5710
--------------
(Registrant's telephone number, including area code)
Item 2. Acquisition or Disposition of Assets
ePlus inc. ("ePlus") announced by press release on May 28, 2004 that on May 28,
2004, it had purchased fixed assets, customer lists, and contracts and assumed
certain limited liabilities relating to the IT fulfillment and IT professional
services business of Manchester Technologies, Inc. The press release is attached
hereto as Exhibit 99 and incorporated by reference herein. ePlus' acquisition
was made pursuant to an Asset Purchase and Sale Agreement dated May 28, 2004 by
and between ePlus Technology, Inc., a Virginia corporation, and a wholly owned
subsidiary of ePlus and Manchester Technologies, Inc., a New York Corporation.
The purchase price for the acquisition was approximately $5.2 million dollars.
Approximately 125 former Manchester Technologies, Inc. personnel will be hired
by ePlus as part of the transaction and are located in the established offices
of Manchester in metropolitan New York, South Florida and Baltimore.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
The pro forma and historical financial statements required by item 7 of Form 8-K
will be filed by amendment. The following exhibits are filed herewith:
Exhibits Description
2 Asset Purchase and Sale Agreement by and between ePlus
Technology, Inc. and Manchester Technologies, Inc. dated May 28,
2004.
99 Press Release dated May 28, 2004 regarding the acquisition of
certain assets of Manchester Technologies, Inc. by ePlus inc.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ePlus inc.
By: /s/ Steven J. Mencarini
Steven J. Mencarini
Date: May 28, 2004 Chief Financial Officer