Orlando Utilities Commission Joins Colectric's eMarketplace Florida's 2nd Largest Municipal Electric Utility joins Colectric eMarketplace Powered by Elcom NORWOOD, Mass., May 20 /PRNewswire-FirstCall/ elcom, inc., the wholly- owned B2B eCommerce solutions subsidiary ("Elcom") of Elcom International, Inc. (OTC:ELCOOTC:andOTC:AIM:OTC:ELCOTC:andOTC:ELCS) (BULLETIN BOARD: ELCO and AIM: ELC and ELCS) , today announced that Colectric Partners, Inc., a membership-driven, non-profit corporation serving America's public-owned power utilities, has expanded membership in its public power eMarketplace by signing the Orlando Utilities Commission ("OUC"), the second largest municipal electric utility in Florida. OUC joining Colectric's eMarketplace reflects the growing realization among publicly owned utilities of the cost savings that are available through collaboration on sources of supply and leveraged purchasing. Under the terms of the agreement between OUC and Colectric Partners, OUC will use the Colectric eMarketplace Connection to move its procurement process online and to access pre-negotiated contracts that provide substantial discounts over the pricing OUC would receive on its own. Colectric Partners was created to drive cost efficiencies and revenue retention for members in the operation and maintenance of their utility businesses. The Colectric eMarketplace Connection, a key element of Colectric's Supply Chain Management initiative, is designed to enable public power utilities to benefit from enhanced collaboration, demand aggregation and lower pricing and the many process efficiencies associated with automating the procurement process from sourcing through financial settlement and spending analysis. Elcom and Colectric Partners have partnered to bring powerful but affordable B2B eCommerce to publicly owned utilities in the United States. The Colectric eMarketplace Connection is powered by Elcom which provides hosting, ongoing application management and support for its PECOS flagship B2B eCommerce platform. Based on a unique multi-tenant architecture, the PECOS platform enables each participating Colectric eMarketplace member organization to exercise control over local business processes and integration touch points with other enterprise applications while still providing centralized access to pre-established online catalogs and purchasing contracts. Robert J. Crowell, Elcom International's Chairman and CEO, said "We are very pleased that our partnership with Colectric is creating the opportunity to drive cost out of the supply chains of public utilities who recognize the value created by automating procurement. We look forward to working closely with Colectric Partners to add to the success of the eMarketplace Connection system." Tim Tilley, Director Supply of Management at Colectric Partners, Inc. stated, "The addition of the Orlando Utilities Commission helps us build important momentum as we begin our efforts to expand our public utility focused eMarketplace initiative to utilities of all sizes. The combination of Elcom's technology platform and the Colectric collaborative contracts is designed to provide public utilities with the best possible solution to their supply chain management needs. Our partnership with Elcom provides our participating members with advanced supply chain technology at a total cost of ownership that does not require a significant investment and generates a real- time payback." About Colectric Partners, Inc. Headquartered in Jacksonville, FL, Colectric Partners is a member-owned collaborative business that helps America's public power industry maximize their collective buying power and leverage best practices models while minimizing costs and reducing financial risks. Founded in 2001 by four charter members (JEA, Municipal Electric Authority of Georgia, Santee Cooper and Nebraska Public Power District), Colectric Partners provides unprecedented assistance, information and purchasing leverage related to the development, project management, operations and maintenance areas of their electric generation, transmission, distribution, gas and infrastructure facilities. Colectric is located at 76 South Laura Street, Suite 1500, Jacksonville, FL, 32202; telephone number is (904) 360-1332. Additional information can be found at http://www.colectric.com/ About Orlando Utilities Commission Orlando Utilities Commission (OUC.The Reliable One) is a municipally owned public utility providing water and electric service to the City of Orlando and adjoining portions of Orange County. OUC uses the latest innovations to provide highly reliable service to its customers in a friendly and dependable way. OUC was chartered in 1923 and is the second largest locally owned electric utility in Florida and the 16th largest in the nation serving more than 190,000 customers. OUC owns the Curtis H. Stanton Energy Center and portions of other power plants in Florida, as well as eight water plants. 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. a global B2B Commerce Service Provider (CSP) offering affordable solutions for buyers, sellers and commerce communities to conduct business online. Elcom's flagship solution, PECOS, enables enterprises of all sizes to achieve the many benefits of B2B eCommerce without the burden of infrastructure investment and ongoing content and system management. 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 Company's history of ongoing operating losses; (ii) the overall marketplace and clients' acceptance and usage of eCommerce software systems, specifically the Company's PECOS eProcurement and eMarketplace systems, and demand therefor by public sector organizations in the U.K., the impact of competitive technologies, products and pricing, particularly given the substantially larger size and scale of certain competitors and potential competitors, control of expenses, revenue growth, and corporate demand for eProcurement and eMarketplace solutions; (iii) the consequent results of operations given the aforementioned factors; (iv) the possibility that the Company's revenues may not reach the level necessary to support positive cash flow and if so, the Company might need to raise additional working capital to fund operations in the future; (v) the availability and terms of any such funding to the Company, if available, and (vi) other risks detailed in the Company's Annual Report on Form 10-K, filed on May 10, 2004, as amended, in its Form 10-QSB for the first quarter of 2004 filed on May 14 2004, and from time to time 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 of Elcom International, Inc., Web site: http://www.elcom.com/

Copyright