Elcom and IMPAQ Partner for Enhanced Supplier Enablement Elcom partners with IMPAQ to address supplier enablement for small to medium sized suppliers NORWOOD, Mass., Dec. 17 /PRNewswire-FirstCall/ -- Elcom International, Inc. (BULLETIN BOARD: ELCO) , a leading international provider of hosted eProcurement and eMarketplace solutions today announced a partnership agreement with IMPAQ Information Management Ltd (U.K.), a leading provider of supplier enablement solutions. Under the terms of the agreement IMPAQ has partnered with Elcom as a preferred provider of supplier enablement products and services. IMPAQ's xDE is a suite of supplier enablement applications that provide electronic catalog management and XML transaction processing support for purchase orders and invoices. The XDE suite of XML-based solutions enable the electronic transfer of business-critical documents between Elcom's eProcurement and eMarketplace systems and suppliers who install and integrate the xDE suite to their back office system. The IMPAQ's xDE suite automates the handling of purchase orders, PO acknowledgements, invoicing, remittances and transmission of supplier electronic catalogs. To simplify deployment, xDE is delivered as a bundled system that includes hardware, operating system and application software and integration adapters. The xDE suite is specifically targeted at small to medium sized 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, increase use of industry standards and improved supply chain visibility." Michael Bennett, Managing Director of IMPAQ, said, "We are extremely excited to be partnering with Elcom to assist them in their efforts to extend the depth and breath of their integration with suppliers which participate in Elcom's customers eProcurement and eMarketplace solutions. Accelerating supplier adoption, especially in the SME community, is critical to the earliest realisation of the full benefits of any eProcurement project. Now suppliers of all sizes who embrace xDE will be able to interoperate at a high level of interactivity with Elcom's PECOS platform." The IMPAQ xDE suite includes: -- xDE 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. -- xDE PO - a fully automated purchase order management system enabling electronic receipt, validation, auditing and processing of all purchase orders. xDE PO delivers significant reductions in the per document cost compared with traditional methods -- xDE Invoice - xDE Invoice generates, issues and monitors invoices via the web for maximum efficiencies 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 IMPAQ Information Management IMPAQ Information Holding AG, the parent company of IMPAQ UK, was founded in 1992 and has established itself as an internationally renowned software, consultancy and solutions provider with headquarters in Switzerland, and operations in the UK, US and Germany. The company also has an ISO9001 certified development centre in Poland. The company today provides a range of automated and integrated business solutions including back office financial systems, business intelligence software, knowledge management, online catalogue management, e-procurement solutions and data mining and exploration tools. Visit http://www.impaq.co.uk/ for more information. About Elcom International, Inc. Elcom International, Inc. (OTC:ELCO) (BULLETIN BOARD: ELCO) is a leading international provider of remotely-hosted eProcurement and private eMarketplace solutions. Elcom's innovative remotely-hosted technology establishes the next standard of value and enables enterprises of all sizes to realize the many benefits of eProcurement without the burden of significant infrastructure investment and ongoing content and system management. PECOS Internet Procurement Manager, elcom, inc.'s remotely-hosted eProcurement and eMarketplace enabling platform was the first "live" remotely-hosted eProcurement system in the world. Additional information can be found 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," "given," "targets," "intends," "anticipates," "plans," "intent", "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) availability and terms of appropriate working capital and/or other financing to keep the Company operating as a going concern, and the Company's cash position as of its last Form 10-K and its history of ongoing operating losses; (ii) the overall marketplace and client's acceptance and usage of eCommerce software systems, including corporate demand therefore, the impact of competitive technologies, products and pricing, particularly given the subsequently larger size and scale of certain competitors and potential competitors, control of expenses, revenue generation by the acquisition of new customers, and corporate demand for ePurchasing and eMarketplace solutions; (iii) the consequent results of operations given the aforementioned factors; and (iv) the anticipated requirement of the Company to raise additional working capital to fund operations by the end of the first quarter of 2004 and the availability of any such funding to the Company, or the terms thereof, and other risks detailed from time to time in the Company's Annual Report on Form 10-K 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, Elcom, Web site: http://www.elcom.com/

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