They are trying hard to polish this terd. Particularly nice touch mentioning other companies their "market sector" all of which carry multi-hundred million dollar market-caps. This was released this morning:
Elcom International Retains Leading Investor Relations Firm
The Financial Relations Board to Assist Company in Investor and Communications Programs
NORWOOD, Mass.--(BUSINESS WIRE)--Jan. 19, 1999--Elcom International, Inc., (the ''Company''),(NASDAQ:ELCO - news), today announced that it has retained The Financial Relations Board, Inc. (''FRB'') to assist the Company in communications with stockholders, investment professionals, the investing public and media relations. The
Financial Relations Board, founded in 1963, is the largest U.S. investor relations firm with approximately 250 personnel
located across the nation.
Robert J. Crowell, the Company's Chairman and Chief Executive Officer said, ''We will look to FRB for both strategic counsel and tactical execution to raise awareness of the Company's business strategy, especially concerning the potential of its e-commerce technology. This is especially so regarding elcom.com, inc., the Company's new Internet-based sales subsidiary which will market products through the Internet and currently licenses automated procurement systems technology to other companies. Our relationship with FRB is intended to broaden our visibility, increase media awareness, and introduce us to a wide variety of research analysts and financial institutions.''
Through FRB, the Company intends to highlight the potential and investment appeal of its businesses, especially those of its
newly-formed subsidiary, elcom.com. These include the licensing of PECOS Procurement Manager (''PECOS.pm''), the Company's intranet-based automated procurement solution, as well as Internet oriented e-commerce sales as demand rapidly expands in the United States. In addition, the Company intends to replicate elcom.com in the United Kingdom during 1999 and position elcom.com as an early leader in Internet related sales in that marketplace. The Company expects FRB to help position the Company to its best advantage in a market sector which includes companies such as Cyberian Outpost, Inc. (COOL), Creative Computers, Inc. (MALL), and Insight Enterprises, Inc. (NSIT).
Marianne Stewart, Managing Partner at FRB stated, ''It has been some time since Elcom International has told the investment community at large about the benefits of the Company's expertise in electronic commerce. We look forward to providing the Company the capability to highlight its differentiating factors such as its automated procurement technology, Internet-based ordering and information web site, and strategy for the future, to investment professionals and the media.'' |
