Laurence Mulhern Joins Elcom as Chief Financial Officer Former CFO rejoins Elcom International, Inc. NORWOOD, Mass., June 9 /PRNewswire-FirstCall/ -- Elcom International, Inc. (OTC:ELCOOTC:andOTC:AIM:OTC:ELCOTC:andOTC:ELCS) (BULLETIN BOARD: ELCO and AIM: ELC and ELCS) , today announced that Laurence Mulhern has rejoined Elcom International, Inc. ("Elcom" or the "Company") as its Chief Financial Officer, effective June 7, 2004. Mr. Mulhern retired from Elcom in 2000. Robert J. Crowell, Elcom's Chairman and CEO, said "Elcom has employed Larry as a financial consultant for the past several months and I am pleased to announce that he has rejoined the Company as CFO. Larry was instrumental in Elcom's previous growth stages and I look forward to his assistance as we begin to again grow the Company." Larry Mulhern stated, "I am impressed that Elcom was able to withstand the very harsh environment after 9/11. Since that time, raising capital has been very difficult. With Elcom's latest funding round and listing on the AIM exchange, I believe Elcom has the basic framework to successfully grow the Company and I look forward to contributing to that success." 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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