Nine Additional Organizations Have Joined eProcurement Scotl@nd
October 08 2004 - 3:00AM
PR Newswire (US)
Nine Additional Organizations Have Joined eProcurement Scotl@nd
Additions Bring Total Number Of Scottish Executive Organizations To
Nineteen (19) NORWOOD, Mass., Oct 8 /PRNewswire-FirstCall/ -- Elcom
International, Inc. (OTC:ELCOOTC:andOTC:AIM:OTC:ELCOTC:andOTC:ELCS)
(BULLETIN BOARD: ELCO and AIM: ELC and ELCS) , today announced
that, from January 2004 to date, nine additional organizations have
joined the eProcurement Scotl@nd program and will use Elcom's PECOS
eMarketplace and eProcurement system to automate many of their
procurement activities. This brings the total number of
organizations joining the program to nineteen. The nine
organizations which have joined the eProcurement Scotl@nd program
are: Argyll and Bute Council -- http://www.argyll-bute.gov.uk/
North Ayrshire Council -- http://www.north-ayrshire.gov.uk/
Highland and Islands Enterprise -- http://www.hie.co.uk/ NHS
Grampian -- http://www.nhsgrampian.org/ NHS Argyll and Clyde --
http://www.show.scot.nhs.uk/achb NHS Forth Valley --
http://www.show.scot.nhs.uk/nhsfv NHS Ayrshire and Arran --
http://www.nhsayrshireandarran.com/ NHS Lothian --
http://www.nhslothian.scot.nhs.uk/ NHS Lanarkshire --
http://www.nhslanarkshire.co.uk/ These additions represent a
significant acceleration in the uptake of eProcurement Scotl@nd
during 2004 as more public sector organizations recognise the
benefits of eProcurement via an eMarketplace environment with
eProcurement Scotl@nd. Fourteen organizations have already 'gone
live' and are transacting within eProcurement Scotl@nd. They
include 4000 users connected to thousands of suppliers to the
Scottish Public Sector, including 30 'advanced' direct electronic
connections to suppliers. Robert J. Crowell, Elcom International's
Chairman and CEO, said, "We are pleased to see the increasing
interest in eProcurement Scotl@nd translating into activity. With
19 organizations having joined and 14 of those organizations
active, the eProcurement Scotl@nd has certainly reached the point
whereby it represents, in our opinion, the most efficient and best-
recognized eMarketplace and eProcurement system in the world.
Indeed, as additional National Health Service Trust (hospitals)
join eProcurement Scotl@nd, I would expect the NHS to realize
significant savings through product collaboration and process
efficiencies. Elcom looks forward to assisting all of the public
sector organizations in Scotland to make their participation in
eProcurement Scotl@nd's eMarketplace as successful as possible."
The nine new organizations form part of the contract awarded by the
Scottish Executive to Capgemini UK in November 2001 for the
provision of an eProcurement service capable of being used by any
public sector body in Scotland. Under the terms of the contract,
Elcom provides the hosted eProcurement platform and Capgemini UK
provides project management, systems integration and implementation
services. About eProcurement Scotl@nd eProcurement Scotl@nd is one
of the World's first cross-Government eProcurement initiatives. Its
scope includes all Health Trusts, Local Authorities and Central
Government departments and Agencies with a combined annual spend of
over 20bn pounds sterling. Launched in 2002, 19 public sector
organizations have joined the program to date with additional
organizations expected to join by the end of the year. Each
organization is provided with several software components,
including Elcom's PECOS and Dynamic Trade Centre products. The
program is managed by service provider Capgemini under a 7-year
contract with the Scottish Executive. More information can be found
at http://www.eprocurementscotland.com/ Company Product Offerings
For detailed information on our PECOSTM eMarketplace and
eProcurement and optional Dynamic Trading solutions, please visit
our website at http://www.elcominternational.com/products.htm 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/ Information
Associated with Fairness Disclosure Regulation (Regulation FD) In
order to better inform our investors of the progress of the
increasing use of Elcom's PECOS eMarketplace and eProcurement
system in eProcurement Scotl@nd, the Company has changed the
methodology by which it announces organizations joining the
programme. Elcom will issue a press release each time an
organization joins the eProcurement Scotl@nd program. A follow-on
press release will then be issued when that particular organization
becomes operational, typically expected within 60 to 120 days after
joining. Therefore, this particular press release references nine
organizations which have joined during 2004 to date. Investors
should take note that these nine organizations did not join all at
once, but via the schedule listed below. Name Joining Date Argyll
and Bute Council January 20, 2004 North Ayrshire Council February
3, 2004 NHS Forth Valley February 12, 2004 NHS Lanarkshire April
15, 2004 NHS Argyll and Clyde May 17, 2004 NHS Grampian May 19,
2004 Highland and Islands Enterprise August 10, 2004 NHS Ayrshire
and Arran August 23, 2004 NHS Lothian September 24, 2004 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 Company's history of ongoing operating losses; (ii) the overall
marketplace and client's acceptance and usage of eCommerce software
systems, specifically the Company's PECOS eProcurement and
eMarketplace systems and demand therefor by public sector
organizations in the U.K., both under the Company's contract with
Capgemini plc (U.K.) associated with the Scottish Executive and by
municipalities in England, the impact of competitive technologies,
products and pricing, particularly given the substantially larger
size and scale of certain competitors and potential competitors,
and control of expenses, revenue growth and corporate demand for
eProcurement and eMarketplace solutions; (iii) the consequent
results of operations given the aforementioned factors; (iv) the
possibility that the Company's revenues may not reach the level
necessary to support positive cash flow and if so, the Company's
need to raise additional working capital to fund operations in the
future; (v) the availability and terms of any such funding to the
Company, if available, and (vi) other risks detailed in the
Company's Annual Report on Form 10-K, as amended, filed on May 10,
2004, in its Forms 10-QSB for the first and second quarters of
2004, and from time to time 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: DATASOURCE: Elcom
International, Inc. CONTACT: Investor Relations of Elcom
International, e-mail: Web site: http://www.elcom.com/
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