eProcurement Scotl@nd Programme Wins International Award
January 24 2006 - 2:00AM
PR Newswire (US)
NORWOOD, Mass., Jan. 24 /PRNewswire-FirstCall/ -- Elcom
International, Inc. ("Elcom" or the "Company") (OTC:ELCO) (BULLETIN
BOARD: ELCO) and (AIM:ELC and ELCS), a leading international
provider of remotely-hosted eProcurement and eMarketplace
solutions, is pleased to announce that the Scottish Executive's
eProcurement initiative has been named as an international best
practice winner by the Boston-based AberdeenGroup. The eProcurement
Scotl@nd programme is in the forefront of improvements in how
government procures goods and services and can enable the entire
Scottish public sector -- including local authorities and the NHS
-- to deliver efficiencies. The programme is also an important part
of the government's drive to improve the way the public sector
deals with the business community, which could deliver particular
benefits for small and medium sized enterprises (SMEs). Minister
for Finance and Public Service Reform Tom McCabe said, "The
eProcurement Scotl@nd initiative is an important part of achieving
efficiency and effectiveness in the public sector. It is
particularly pleasing to have international recognition that
Scotland is leading the way in e-procurement and e-commerce. Being
selected as a global best practice winner by the AberdeenGroup
clearly highlights the progress we are making in driving forward
reform in the public sector." eProcurement Scotl@nd is a
round-the-clock eProcurement service which uses a common technical
platform for use by the public sector in Scotland. Capgemini UK plc
("Capgemini"), the eProcurement Scotl@nd service provider, hosts
the service and, together with a central programme team, are tasked
with managing the roll out of the service across the public sector
in Scotland. eProcurement Scotl@nd uses the e-procurement software
'PECOS' and Dynamic Trade Centre for eTender and eAuctions provided
by Elcom Systems Limited, the Company's U.K. subsidiary. The
AberdeenGroup is recognised as a leading global independent Supply
Management research group. AberdeenGroup's recently-published the
Best Practices in eProcurement report features profiles of the
winners, together with best practice frameworks, and general market
information pulled from Aberdeen's on-going research of the
e-procurement market. Elcom Product Offerings For detailed
information on our PECOS(TM) technology and optional Dynamic
Trading functionality, please visit our website at
http://www.elcominternational.com/products.htm About The Scottish
Executive The Scottish Executive is the executive function for the
government of Scotland created by devolution in 1999. The creation
of a Scottish Parliament and the establishment of the Scottish
Executive began a new era in the government of Scotland. The
Scottish Executive works with Scottish Ministers to create a 21st
century modern government to improve the well being of Scotland and
its people. The Scottish Executive manages an annual budget of
approximately 20 billion pounds sterling and is responsible for
most of the issues of day-to-day concern to the people of Scotland,
including government administration, health, education, justice,
rural affairs, transport and many other affairs affecting Scotland
and its people. The Scottish Executive Website is at
http://www.scotland.gov.uk/ About the Capgemini Group Capgemini,
one of the world's foremost providers of Consulting, Technology,
and Outsourcing services, has a unique way of working with its
clients, which it calls the Collaborative Business Experience.
Through commitment of mutual success and the achievement of
tangible value, Capgemini helps businesses implement growth
strategies, leverage technology and thrive through the power of
collaboration. Capgemini employs approximately 60,000 people
worldwide and reported 2004 global revenues of 6.3 billion euros.
More information about individual service lines, offices and
research is available at http://www.capgemini.com/. 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. ("Elcom"), an
international B2B Commerce Service Provider offering affordable
solutions for buyers, sellers and commerce communities to automate
many or all of their procurement processes and purchase most or all
of their goods and services in a 'private' eMarketplace system.
PECOS, Elcom's remotely-hosted flagship solution, enables
enterprises of all sizes to achieve the many benefits of
eProcurement and eMarketplace functionality, with the system hosted
by Elcom at its own data center, eliminating the burden and cost of
in-house programming, IT infrastructure and ongoing catalog content
and system management. More information is available from our
integrated web site at: http://www.elcominternational.com/
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 possibility that the Company will have to raise additional
working capital to fund operations during 2006 and the availability
of any such funding to the Company; (ii) its history of ongoing
operating losses; (iii) the substantial number of common shares
issued in the Company's recent Regulation S issuance and the
possible impact on the market for the Company's shares; (iv) the
ability of the Company to perform under its contracts with
Capgemini UK plc and PA Shared Services Limited ("PASSL"), a member
of the PA Consulting group of companies; (v) the overall
marketplace and clients' acceptance and usage of eCommerce software
systems, eProcurement and eMarketplace solutions including demand
therefor by both Scottish and U.K. public entities; (vi) the costs
of building the Zanzibar eMarketplace system versus the revenues
derived therefrom; (vii) the impact of competitive technologies,
products and pricing, particularly given the substantially larger
size and scale of certain competitors and potential competitors;
(viii) control of expenses; (ix) the consequent results of
operations given the aforementioned factors; and (x) other risks
detailed from time to time in the Company's Annual Reports on Form
10-KSB, Quarterly Reports on Form 10-QSB 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. Company Contact: Investor Relations e-mail: First Call
Analyst: FCMN Contact: DATASOURCE: Elcom International, Inc.
CONTACT: Investor Relations of Elcom International, Inc., Web site:
http://www.elcom.com/
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