Elcom and IMPAQ Partner for Enhanced Supplier Enablement
December 17 2003 - 8:30AM
PR Newswire (US)
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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