Orlando Utilities Commission Joins Colectric's eMarketplace
May 20 2004 - 3:00AM
PR Newswire (US)
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/
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