ELCS Elcom Itl. Regs

RNS Number:7392K
Elcom International Inc
07 April 2005







              Oakland Unified School District Uses Elcom to Power
                          its Educational eMarketplace


Oakland Unified School District eMarketplace System goes live at no cost to
                          Oakland California Schools


NORWOOD, MA, April 7, 2005 - elcom, inc., the wholly-owned B2B eCommerce
solutions subsidiary of Elcom International, Inc. (OTCBB: ELCO and AIM: ELC and
ELCS), today announced that the Oakland Unified School District ("OUSD") has
selected and is utilizing PECOS, Elcom's remotely-hosted eProcurement and
eMarketplace system, to power its buyer-side educational products eMarketplace,
for its 108 schools in the Oakland Unified School District.


The OUSD eMarketplace System went live on March 31 and includes suppliers such
as Dell, School Specialties and Campus Security, with additional suppliers being
in discussions to participate.


Elcom is providing OUSD with a hosted eMarketplace solution at no charge to OUSD
that includes its PECOS Internet Procurement Manager configured as an
eMarketplace, which will automate the procurement process and the purchase of
goods and services throughout all of Oakland's schools.  An agent fee, based on
revenues through the system, is paid to Elcom by participating suppliers.


Oswaldo A. Galarza, OUSD's Information Technology Officer, said "The selection
of Elcom to provide our school district with an eMarketplace demonstrates that
Elcom's technology and solutions are proven and robust and reflect the direction
that Oakland is pursuing in leveraging technology to improve efficiencies in
administrative operations.  The Elcom PECOS eMarketplace system will enable
schools and departments to take advantage of the flexibility of the Web for
procurement needs while maintaining the District Business Rules and posting
appropriate information into its internal financial systems, at no cost to
Oakland."



Robert J. Crowell, Elcom International, Inc.'s Chairman and CEO, said, "We are
pleased to have Oakland Unified School District as our first educational
eMarketplace client using the multi-tenant implementation of PECOS as their
eMarketplace solution.  Public schools across the country are challenged with
providing quality education in the face of severe budget cuts and we are
gratified to be able to provide a system, at no cost to OUSD, that will improve
purchasing across all the schools in the system resulting in lower product and
process costs.  Anticipated administrative improvements associated with
implementation of an eMarketplace powered by our PECOS System will assist OUSD
in its mission to do more with less."


About Elcom International, Inc.


Elcom International, Inc. (OTCBB: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.
www.elcominternational.com


Company Product Offerings


For detailed information on our PECOSTM eMarketplace and eProcurement and
optional Dynamic Trading solutions, please visit our website at
www.elcominternational.com/products.htm


About Oakland Unified School District


Oakland Unified School District is the sixth largest in the state of California,
with about 52,000 students, 3,200 teachers, and an annual budget of several
hundred million dollars.  OUSD is the second largest employer in Oakland.


OUSD is called a "unified" district because it educates students from
kindergarten straight through to 12th grade.  In order to serve all the
students, it offers a variety of schools, ranging from kindergarten through
fifth grade elementary schools, to middle school and both large and small high
schools



Liquidity and Capital Resources


As previously announced, the Company required additional financing in the first
quarter of 2005 in order to continue to operate.  The Company has received
bridge loans from the Chairman and CEO and Vice Chairman and Director and is in
the process of arranging a common stock offering under its AIM (U.K.) listing.
The bridge loans are intended to provide the Company with the necessary funds to
operate while the Company continues fundraising discussions.  Through March 31,
2005, the Company has received a total of $200,000 of such bridge loans.


The Company has been informed by a U.K. stockbroker that it has received
preliminary indications of interest from investors in an AIM issuance of Elcom
shares.  However, the terms thereof are under discussion and there can be no
assurance that this issuance will be consummated, or on what terms.  Any such
issuance is expected to result in substantial dilution to existing shareholders.
  
Further, it is anticipated that there will be various pre-conditions to the
consummation of such financing, including a requirement that the funds or
commitments would be held in abeyance and not be invested in the Company's
shares, unless and until the U.K. Government's Zanzibar contract is signed
between Elcom and PA Consulting.


In addition, even if such a financing arrangement is achieved, it is the
Company's belief that the Zanzibar contract will not be signed until at least
after the May 5 General Election in the U.K., as previously announced.  In the
interim, the Company requires additional cash in the near term to fund its
current operations until any funds raised through an issuance of shares on the
AIM would be available to the Company as described above.  The Company is
currently in discussions with several parties regarding the raising of
additional capital in the near term; however, there can be no assurance that the
Company will receive any such funding or, if raised, on what terms or what the
timing thereof may be.


The above-described financing program is preliminary and subject to many
potential contingencies, including those described above.  Further, unless the
Company can secure additional financing in April 2005, the Company will be
forced to curtail operations and/or seek protection under the bankruptcy laws.
There can be no assurance that the Company will be able to successfully
consummate either such short-term financing, or the potential longer-term
financing described above or that any amount the Company is able to raise (if
any) will be adequate to support the Company's working capital requirements
until it achieves profitable operations.


Statement Under the Private Securities Litigation Reform Act


Except for the historical information contained herein, the matters discussed in
this press release may 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," "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) the Company's history of ongoing operating losses;
(ii) the overall marketplace and clients' acceptance and usage of eCommerce
software systems, including corporate demand therefor, the impact of competitive
technologies, products and pricing, particularly given the substantially larger
size and scale of certain competitors and potential competitors, control of
expenses, revenue generation by the acquisition of new customers, the acceptance
of the eProcurement Scotland program by public entities, and corporate demand
for eProcurement and eMarketplace solutions; (iii) the consequent results of
operations given the aforementioned factors; and (iv) the requirement for the
Company to raise additional working capital to fund operations during April 2005
and the availability and terms of any such funding to the Company. Without any
such funding, the Company will have no option but to seek protection under
bankruptcy laws. Other risks are detailed from time to time in the Company's
2003 Annual Report on Form 10-K, as amended, its Quarterly Reports on Form
10-QSB for the quarterly periods ended March 31, June 30, and September 30,
2004, as well as the Company's annual report on Form 10-KSB, which it intends to
file in early April, 2005, 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.









                      This information is provided by RNS
            The company news service from the London Stock Exchange

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