Oldham Metropolitan Borough Council Selects Elcom's PECOS Solution
January 11 2006 - 2:00AM
PR Newswire (US)
Oldham to Implement PECOS eProcurement System NORWOOD, Mass., Jan.
11 /PRNewswire-FirstCall/ -- Elcom International, Inc. ("Elcom" or
the "Company") (OTC:ELCO) (BULLETIN BOARD: ELCO) and (AIM: ELC and
ELCS), a leading international provider of remotely-hosted
eProcurement and eMarketplace solutions, is pleased to announce
that Oldham Metropolitan Borough Council has selected PECOS,
Elcom's remotely-hosted eProcurement system, to be deployed as the
online procurement tool for the Council. Bruce Levitan, Oldham
Metropolitan Borough Council Head of Business Improvement, said,
"We are pleased to be able to be able to address our procurement
automation needs by partnering with Elcom. Our goal is to reduce
procurement related costs through the application of technology and
best practices. We hope Elcom's vast experience will help the
Council's objectives of improving services while reducing costs."
Robert J. Crowell, Elcom International's Chairman said, "We look
forward to working with the e-Government Project Team to deploy a
world class public sector solution to Oldham Metropolitan Borough
Council. PECOS, Elcom's eProcurement solution, offers a highly
configurable yet easy to use environment that can be crafted to
support many of the best practices that are at the root of
procurement process improvement. The scope of the PECOS system,
which addresses the entire procurement process from sourcing to
spending analysis, enables us to automate a number of process
domains including requisitioning, receiving and financial
settlement, creating additional cost savings and efficiencies for
Oldham." Elcom Product Offerings For detailed information on
Elcom's PECOS(TM) technology and optional Dynamic Trading
functionality, please visit Elcom's website at
http://www.elcominternational.com/products.htm About Elcom
International, Inc. Elcom International, Inc.
(OTC:ELCOOTC:andOTC:AIM:OTC:ELCOTC:and ELCS) (BULLETIN BOARD: ELCO
and AIM: ELC and ELCS) , operates elcom, inc. ("Elcom"), an
international B2B Commerce Service Provider offering affordable
solutions for buyers, sellers and commerce communities to automate
many or all of their procurement processes and purchase most or all
of their goods and services in a 'private' eMarketplace system.
PECOS, Elcom's remotely-hosted flagship solution, enables
enterprises of all sizes to achieve the many benefits of
eProcurement and eMarketplace functionality, with the system hosted
by Elcom at its own data center, eliminating the burden and cost of
in-house programming, IT infrastructure and ongoing catalog content
and system management. More information is available from Elcom's
integrated web site at: http://www.elcominternational.com/ About
Oldham Metropolitan Borough Council Oldham Council is a
modernising, forward-thinking local authority that believes in the
importance of consultation, partnership and communication. Over
recent years it has introduced a series of measures to bring its
work closer to the communities of the Borough. The Council provides
a wide range of services for the people of the Borough and manages
an annual budget totalling over �300 million. Five departments --
the Chief Executive's, Environmental Services, Regeneration, Social
Services and Education and Cultural Services -- undertake the work
of the Council. STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT Except for the historical information contained herein,
the matters discussed in this press release could include
forward-looking statements or information. All statements, other
than statements of historical fact, including, without limitation,
those with respect to the Company's objectives, plans and
strategies set forth herein and those preceded by or that include
the words "believes," "expects," "targets," "intends,"
"anticipates," "plans," or similar expressions, are forward-looking
statements. Although the Company believes that such forward-looking
statements are reasonable, it can give no assurance that the
Company's expectations are, or will be, correct. These
forward-looking statements involve a number of risks and
uncertainties which could cause the Company's future results to
differ materially from those anticipated, including: (i) the
possibility that the Company will have to raise additional working
capital to fund operations during 2006 and the availability of any
such funding to the Company; (ii) its history of ongoing operating
losses; (iii) the substantial number of common shares issued in the
Company's recent Regulation S issuance and the possible impact on
the market for the Company's shares; (iv) the ability of the
Company to perform under its contracts with Capgemini and PA Shared
Services Limited ("PASSL"), a member of the PA Consulting group of
companies; (v) the overall marketplace and clients' acceptance and
usage of eCommerce software systems, eProcurement and eMarketplace
solutions including demand therefor by both Scottish and U.K.
public entities; (vi) the costs of building the Zanzibar
eMarketplace system versus the revenues derived therefrom; (vii)
the impact of competitive technologies, products and pricing,
particularly given the substantially larger size and scale of
certain competitors and potential competitors; (viii) control of
expenses; (ix) the consequent results of operations given the
aforementioned factors; and (x) other risks detailed from time to
time in the Company's Annual Reports on Form 10-KSB, Quarterly
Reports on Form 10-QSB and in its other SEC reports and statements.
The Company assumes no obligation to update any of the information
contained or referenced in this press release. Company Contact:
Investor Relations e-mail: DATASOURCE: Elcom International, Inc.
CONTACT: Investor Relations for Elcom International, Inc., Web
site: http://www.elcominternational.com/
http://www.elcominternational.com/products.htm
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