Elcom International, Inc., in Collaboration With PA Consulting Group, Has Been Named as Having Preferred Bidder Status for the O
January 11 2005 - 2:00AM
PR Newswire (US)
Elcom International, Inc., in Collaboration With PA Consulting
Group, Has Been Named as Having Preferred Bidder Status for the
Office of Government Commerce's (U.K.) eMarketplace System NORWOOD,
Mass., Jan. 11 /PRNewswire-FirstCall/ -- Elcom International, Inc.
(OTC:ELCOOTC:andOTC:AIM:OTC:ELCOTC:andOTC:ELCS) (BULLETIN BOARD:
ELCO and AIM: ELC and ELCS) , today announced that the Company is
one of the sub-contractors to PA Consulting Group (PA), which the
Office of Government Commerce ("OGC") has named as the Preferred
Bidder for the creation and deployment of the OGC's Zanzibar
eMarketplace for U.K. public sector organizations. PA is the
envisaged primary contractor with Preferred Bidder status with
Elcom providing the eProcurement and eMarketplace components of the
Zanzibar eMarketplace system. Preferred Bidder status means that
OGC will negotiate exclusively with PA in respect to a framework
agreement targeted to be in place by the end of February. However,
Preferred Bidder status is at all times contingent on the
successful negotiation of the terms of the framework agreement and
the status can be withdrawn by OGC at its absolute discretion.
Accordingly there can be no assurance that these negotiations will
be successful and a framework agreement consummated. Assuming
negotiations are concluded satisfactorily with the OGC, Elcom
expects to execute a back-to-back contract with PA for the OGC
Zanzibar system directly after the framework agreement is signed.
Robert J. Crowell, Elcom International's Chairman and CEO, said,
"We are extremely pleased to be the eMarketplace and eProcurement
solution provider to the PA consortium that has been selected as
Preferred Bidder for the OGC Zanzibar eMarketplace system. This is
a very large and sophisticated system which will allow all public
sector organizations in England to participate in the OGC sponsored
Zanzibar eMarketplace without having to go out to tender. We look
forward to working closely with PA and the other members of the
consortium to make Zanzibar a system that delivers quantifiable
savings and other benefits to all participants and thereby serve
the public good in the U.K." Zanzibar will provide a 'Procure to
Pay' Marketplace, including an eHub (data warehouse, single point
of access to the government marketplace for buyers and suppliers),
hosted common and individual catalogues and punch out to catalogues
as well as non-catalogue transactions. Zanzibar will be an
OGCbuying.solutions Framework Agreement and run as a Managed
Service on behalf of Government Departments and Agencies, which are
expected to join as individual agencies. About the Office of
Government Commerce OGCbuying.solutions is an Executive Agency of
the U.K. Government's Office of Government Commerce, which is part
of the Treasury ministry. Our role is to deliver value for money
gains for central civil government and the wider public sector
through our dedicated, professional procurement service. We provide
our customers with a full range of products and services designed
to encourage effective procurement, achieve measurable cost savings
and improve the efficiency of the purchasing function throughout
the public sector. Additional Information can be found at
http://www.ogcbuyingsolutions.gov.uk/ About PA Consulting Group PA
Consulting Group is a leading management, systems and technology
consulting firm. Operating worldwide in more than 35 countries, PA
draws on the knowledge and experience of 3,000 people, whose skills
span the initial generation of ideas, insights and solutions all
the way through to detailed implementation. PA focuses on creating
benefits for clients rather than merely proposing them. Our work is
founded on powerful insights into our clients' issues, and in the
private sector in particular, on the need to deliver superior
shareholder returns. We help accelerate business growth by
developing innovative products for our clients and by the
application of emerging technology. We deliver major transformation
programs, mobilize human resources, and manage complex IT and
technically-challenging programs. PA's results-focused approach is
founded on a unique commitment to excellence, value and
independence. Additional information can be found at
http://www.paconsulting.com/ Contact at PA: Tom Barton Government
Services Group +44 20 7312 4636 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., an international B2B Commerce Service Provider
offering affordable solutions for buyers, sellers and commerce
communities to conduct business online. PECOS, Elcom's
remotely-hosted flagship solution, 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. http://www.elcominternational.com/ Company Product
Offerings For detailed information on our PECOS(TM) eMarketplace
and eProcurement and optional Dynamic Trading solutions, please
visit our website at http://www.elcominternational.com/products.htm
STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT Except
for the historical information contained herein, the matters
discussed in this press release may 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," "given," "targets," "intends," "anticipates," "plans,"
"projects", "forecasts" 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, including corporate demand therefor, 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 generation by
the acquisition of new customers, the acceptance of the
eProcurement Scotland program by public entities, and corporate
demand for eProcurement and eMarketplace solutions; (iii) the
consequent results of operations given the aforementioned factors;
and (iv) the requirement for the Company to raise additional
working capital to fund operations no later than the first quarter
of 2005 and the availability and terms of any such funding to the
Company. Without any such funding, the Company believes it may be
forced to curtail operations, and if no alternative to financing,
such as a merger or acquisition is consummated, the Company may
have no option but to seek protection under bankruptcy laws. Other
risks are detailed from time to time in the Company's 2003 Annual
Report on Form 10-K, as amended, its Quarterly Reports on Form
10-QSB for the quarterly periods ended March 31, June 30, and
September 30, 2004, 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. AT THE COMPANY:
Investor Relations E-mail: DATASOURCE: Elcom International, Inc.
CONTACT: Investor Relations of Elcom International, ; or Tom Barton
of Government Services Group, +44 20 7312 4636, Web site:
http://www.elcominternational.com/ http://www.paconsulting.com/
http://www.ogcbuyingsolutions.gov.uk/
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