Registers of Scotland Agency Goes Live On eProcurement Scotl@nd Programme
February 09 2006 - 2:00AM
PR Newswire (US)
Scottish Agency Deploys PECOS via Scottish Executive's eProcurement
Initiative NORWOOD, Mass., Feb. 9 /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 Registers of Scotland
Executive Agency, which manages all national land and property
registers, has gone "live" as part of the eProcurement Scotl@nd
Programme. The Registers of Scotland Chief Executive James Meldrum,
said, "The Registers of Scotland Executive Agency is pleased to
join eProcurement Scotl@nd. The eProcurement Scotl@nd system will
automate our purchasing functions for indirect materials across
various departments and provide more efficiencies to existing
processes. Now that we are live on the eProcurement Scotl@nd
programme, we will endeavor to offer better services to the public
we serve and make our service more automated, which helps all
involved as we evolve to offer more eCommerce services." Robert J.
Crowell, Elcom's Chairman, said, "We are pleased to welcome
Registers of Scotland Executive Agency to the expanding public
sector organisations using the eProcurement Scotl@nd programme to
increase purchasing efficiencies and better their services to user
communities. We believe the benefits of using an automated
procurement service are self evident and demonstrable. We look
forward to an even faster roll-out of the programme across the
remaining public sector entities in Scotland." The Registers of
Scotland Executive Agency implementation is part of the contract
awarded by the Scottish Executive to Capgemini UK plc ("Capgemini")
in November 2001 for the provision of an eProcurement service
capable of being used by any public sector body in Scotland
(http://www.eprocurementscotland.com/). Under the terms of the
contract, Elcom provides the hosted eProcurement platform and
Capgemini provides systems integration and implementation services.
Elcom Product Offerings For detailed information on Elcom's
PECOS(TM) technology and optional Dynamic Trading functionality,
please visit Elcom's website at:
http://www.elcominternational.com/products.htm About Registers of
Scotland Executive Agency Registers of Scotland is the Executive
Agency responsible for compiling and maintaining records relating
to property and other legal documents. Additional information is
available at http://www.ros.gov.uk/ 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 Elcom's
integrated web site at: http://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/ http://www.capgemini.com/
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