(COMTEX) B: ELCOM.COM: elcom.com announces eBusiness partnership with
B: ELCOM.COM: elcom.com announces eBusiness partnership with ADP
JAN 6, 2000, M2 Communications - elcom.com, the wholly-owned
technology and eBusiness subsidiary of Elcom International, Inc.
(NASDAQ: ELCO) has entered into an agreement with Automatic Data
Processing, Inc. (NYSE: AUD) that will enable elcom.com's small to
medium-sized customers to easily access and use Automatic Data
Processing's ("ADP") services online. ADP is the world's leading
provider of integrated payroll, human resources, and benefits
administration services. ADP's EasyPay payroll services will be made
available via PECOS Internet Procurement Manager, elcom.com's remotely
hosted automated procurement system and on the elcom.com Starbuyer
Internet storefront.
"ADP is pleased to be partnering with elcom.com to bring our many
years of outsourcing expertise to the emerging eBusiness marketplace,"
commented Bud Angelus, President of ADP's Emerging Business Services
Division. "Our payroll and employer solutions can save businesses
significant time and money, eliminating the administrative burden and
allowing more time to focus on what they do best.
elcom.com's automated procurement system is a major solution for
procurement for companies, and we are pleased to have our payroll and
other eBusiness services become a part of it."
"We are very pleased to partner with ADP. Both elcom.com and ADP are
committed to leading edge technology solutions that provide businesses
with convenient, cost effective methods of addressing business needs
using eBusiness and Internet technology," said Bob Crowell, the
Chairman and CEO of elcom.com. "ADP's services will bring elcom.com's
automated procurement system clients a world class set of tools to more
efficiently run a vital and often costly and time-consuming aspect of
their businesses - payroll processing and all it entails, including tax
reporting and compliance. This will be an excellent augmentation to
PECOS Internet Procurement Manager's value-add proposition," stated Mr.
Crowell.
ADP's EasyPay service takes the work, hassles, and many of the risks
out of payroll processing. Once set up, elcom.com's clients simply
notify ADP by phone, fax, or PC interface of any changes in their
payroll.
ADP takes care of the rest. The service also calculates files and
deposits payroll taxes and prepares W-2 and 1099 forms. Additional
features include Total Tax Complete, Full Service Direct Deposit, Total
Pay, and Electronic Business Tax Services, among others.
About ADP
ADP (NYSE: AUD) is one of the largest independent computing services
firms in the world, with more than $5 billion in annual revenues and
over 450,000 clients. ADP provides computerised transaction processing,
data communications, software, and information services to companies in
virtually every industry. ADP employer services is the world's leading
provider of payroll services and human resource administration systems.
It offers a comprehensive range of benefits, payroll and business tax
deposit reporting, time and labour management, unemployment
compensation management, and retirement plan services.
In addition, ADP provides securities transaction processing and
investor communications services to the brokerage and financial
communities, industry specific computing and consulting services to
auto and truck dealers, and computerised, automated auto repair
estimating and auto parts availability services to the auto repair
industry.
About Elcom International
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 Concur
Technologies. elcom.com also operates an Internet storefront through
which it offers PC-oriented and office products using the Company's
electronic commerce and automated procurement and sourcing technology.
In this market sector, elcom.com competes against companies like Value
America, Insight Enterprises, Inc., and Cyberian Outpost, Inc.
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:
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.
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