Elcom and IMPAQ Partner for Hosted Supplier Enablement Solution
February 01 2005 - 2:00AM
PR Newswire (US)
Elcom and IMPAQ Partner for Hosted Supplier Enablement Solution
Elcom to offer IMPAQ's hosted supplier enablement solution for
Elcom's Clients NORWOOD, Mass., Feb. 1 /PRNewswire-FirstCall/ --
Elcom International, Inc.
(OTC:ELCOOTC:andOTC:AIM:OTC:ELCOTC:andOTC:ELCS) (BULLETIN BOARD:
ELCO and AIM: ELC and ELCS) , a leading international provider of
hosted eProcurement and eMarketplace solutions, today announced a
partnership agreement with IMPAQ Business Solutions Ltd., a leading
provider of supplier enablement solutions. IMPAQ's newly released
hosted HxDE Supplier Enablement System ("SEP") provides electronic
catalog management and XML transaction processing support for
purchase orders and invoices. The HxDE suite of XML-based solutions
enable the electronic transfer of business-critical documents
between Elcom's eProcurement and eMarketplace systems and suppliers
who access IMPAQ's supplier portal. The IMPAQ HxDE SEP automates
the handling of purchase orders, PO acknowledgements, invoicing,
remittances and transmission of supplier electronic catalogs. To
simplify deployment, HxDE is remotely-hosted by Elcom. The HxDE SEP
is specifically targeted at all suppliers who want to participate
in eCommerce with their customers but who lack the IT
infrastructure to do so cost effectively. Robert J. Crowell, Elcom
International's Chairman and CEO, said, "Supplier enablement for
the small to medium sized supplier remains a challenge and we are
pleased to be able to partner with IMPAQ to address this need.
There is significant synergy between our two offerings; Elcom
offers affordable eProcurement and eMarketplace solutions for
enterprises of all sizes and is committed to driving down the total
cost of solution ownership. Using IMPAQ's system, Elcom believes it
can lower costs while providing clients with enhanced plug and play
functionality, increased use of industry standards and improved
supply chain visibility." Michael Bennett, Managing Director of
IMPAQ, said, "Suppliers which participate in Elcom's customers'
eProcurement and eMarketplaces now have an integrated and hosted
supplier enablement solution to accelerate supplier adoption,
especially in the SME community, which is critical to the earliest
realisation of all the benefits of any eProcurement or eMarketplace
project. Suppliers of all sizes will be able to interoperate,
through a supplier portal, at a high level of interactivity with
Elcom's PECOS platform." The IMPAQ HxDE suite includes: * Catalogue
-- a highly effective electronic catalog management system which
automates and simplifies the delivery of suppliers' product
information to their customers. Customers can view information on a
supplier's range of products and pricing and also have confidence
that it is correctly formatted, accurate and up-to-date. * Purchase
Orders -- a fully automated purchase order management system
enabling electronic receipt, validation, auditing and processing of
all purchase orders. This delivers significant reductions in the
per document cost compared with traditional methods * Invoicing --
invoices can be generated, issued and monitored via the web for
maximum efficiencies. POs can also be "flipped" to create an
eInvoice for those organisations who cannot send eInvoices from
their back office system. About IMPAQ Business Solutions Ltd.
IMPAQ's low cost solutions utilise the internet to accelerate an
organisation's engagement in eProcurement programs by automating
the electronic transfer and integration of business-critical
documents throughout the supply chain irrespective of format, xml
standard or back office system. Visit http://www.impaq.co.uk/ for
more information. 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/ Elcom 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 March 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, or if no other funding sources are available
whatsoever, 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. Elcom Contact: Investor Relations e-mail: DATASOURCE:
Elcom International, Inc. CONTACT: Investor Relations of Elcom
International, Inc., Web site: http://www.elcom.com/
http://www.impaq.co.uk/
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