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Thursday March 23, 6:06 pm Eastern Time
Company Press Release
SOURCE: Elcom International, Inc.
Major Media Company to Deploy elcom.com's Automated Procurement System
Major New York Media Company to Expand Usage up to 10,000 Users and Recommend to Network Affiliates
NORWOOD, Mass., March 23 /PRNewswire/ -- Elcom International, Inc. (the ``Company'), (Nasdaq: ELCO - news), today announced that a New York based major media client has decided to expand the availability for use of elcom.com's PECOS Internet Procurement Manager to up to 10,000 users.
Robert J. Crowell, Elcom International's Chairman & CEO stated, ``We are very pleased by this client's decision to expand their internal usage of PECOS Internet Procurement Manager. This media company is on the leading edge of productivity-enhancing Internet technology and is well positioned to increase their productivity, decrease their product costs, and generate many other savings associated with the use of our remotely-hosted automated procurement system. With a target of up to 10,000 users, this makes this major media client our single largest PECOS Internet Procurement Manager licensee. In addition, we expect to approach affiliates of this client in the United States and I expect we will work closely with this company to create a Vertical Digital Marketplace for the media industry enabling us to offer even more value add to potential clients.'
About Elcom International, Inc.
Elcom International, Inc. (www.elcominternational.com), through its wholly owned subsidiaries, develops, licenses, and uses Internet-based eProcurement systems including PECOS Internet Procurement Manager, elcom.com's remotely- hosted automated procurement system. elcom.com, inc., (www.elcom.com), the Company's technology and eProcurement subsidiary, licenses its PECOS technologies to Elcom Services Group's customers and to other companies and competes against companies like Ariba, Inc., Commerce One, PurchasePro.com, and Clarus Corporation. elcom.com also operates Starbuyer.com, its B2B Digital Marketplace through which it offers business products including PC- oriented and office products which are automatically sourced using the Company's electronic commerce and automated procurement and sourcing technology.
Statement Under the Private Securities Litigation Reform Act
This press release includes statements that may constitute forward-looking statements. 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,' ``intends,' ``expects,' ``will,' ``plans,' ``anticipates,' or similar expressions, are forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Such risks and uncertainties include: the overall markets' and individual customers' acceptance and usage of the Company's electronic commerce software systems and the impact of competitive technology products as well as factors and other risks detailed in the Company's 1998 Annual Report on Form 10-K and from time to time in the Company's other reports filed with the SEC. The Company assumes no obligation to update any of the information contained or referenced in this announcement.
AT THE COMPANY:
Investor Relations
E-mail: invrel@elcom.com
Voicemail: (781) 501-4094
SOURCE: Elcom International, Inc.
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More Quotes and News: Elcom International Inc (NasdaqNM:ELCO - news)
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