ePresence, Inc. Announces Distribution and Formation of Liquidating Trust

–Cash in the amount of $0.14 per share to be distributed in liquidation–

ePresence, Inc. (formerly NASDAQ: EPRE) today announced a distribution to its shareholders of record at the close of business on June 23, 2004. The distribution in cash will total approximately $3.6 million, or $0.14 per common share, and will be paid on December 28, 2007.

The Company is pleased to note that this distribution, combined with the previous distributions totaling $4.15 per share, will return to shareholders a cumulative $4.29 per share in cash.

The Company also announced that pursuant to the Plan of Complete Liquidation and Dissolution of ePresence, Inc., the Company will transfer its remaining assets, approximately $0.02 (two cents) per share net of known (not contingent) liabilities, to be held as a final contingency reserve to a liquidating trust for the benefit of the shareholders. Any funds remaining after satisfaction of all liabilities to which the assets are subject will be distributed to shareholders upon liquidation of the trust.

The Company ceased active business operations in June, 2004 upon the consummation of the sale of its consulting services business. Since that time, the Company has been engaged in an orderly wind-down of its affairs, including the liquidation of fixed assets and the extinguishment of liabilities. The Company filed its Certificate of Dissolution with the Secretary of State of Massachusetts.

Contacts

Verdolino & Lowey, P.C.
Keith Lowey, 508-698-6205
epresence {at} vlpc(.)com
or
Computershare
shareholder {at} computershare(.)com