Chairman and Founder of National Association of Procurement Professionals Joins elcom, inc.'s Board; David Elko to Join elcom, inc.'s Board of Directors.

Business/Technology Editors

NORWOOD, Mass.--(BUSINESS WIRE)--Jan. 17, 2001

elcom, inc., the eProcurement and eMarketplace solutions subsidiary of Elcom International, Inc. (Nasdaq:ELCO), today announced that David M. Elko has joined elcom, inc.'s Board of Directors.

As the Founder and Chairman of the National Association of Procurement Professionals, Mr. Elko brings a wealth of knowledge regarding procurement systems and will assist the Company to establish various Customer Advisory councils and will interact with several of our major clients.

Regarding his appointment, David Elko said, "I am very pleased to be appointed to elcom's Board of Directors. I view elcom's remotely-hosted eProcurement and eMarketplace technology as leading-edge technology systems and look forward to assisting them to enhance their products and move them forward in the market. After over 15 years of experience in procurement, I believe I can bring a lot of value-add to elcom and I look forward to working closely with the senior executive team to maximize the capabilities of their technologies and of the Company."

Robert J. Crowell, chairman and CEO of elcom, inc. stated, "David joining our Board is a big plus for the Company as David is without question one of the foremost leaders in procurement. As the Founder and Chairman of the National Association of Procurement Professionals, David can bring his experience to the Company and to the Board of Directors. We look forward to working with David very closely as we continue to position elcom for the future."

elcom, inc.'s Product Offerings

PECOS Internet Procurement Manager (PECOS.ipm) is a remotely-hosted eProcurement solution that automates the entire procurement process from product information discovery and ordering through financial settlement. PECOS.ipm provides client's personnel with browser-based self-service purchasing functions directly from their desktops, including multi-vendor electronic catalogs that support standard or negotiated "custom" pricing with preferred suppliers. PECOS Internet Procurement Manager's full-circle functionality improves service at all levels, including support for "order status" inquiries, automated e-mail authorization, and time-stamped audit trails throughout the entire transaction cycle.

PECOS Internet Exchange Manager (PECOS.iem) is a remotely-hosted eMarketplace solution that enables market makers to create communities of commerce without the need to invest in infrastructure, custom application development and ongoing system management. PECOS.iem provides market makers with a complete solution that has been designed to automate the entire B2B commerce process by enabling new levels of trading partner collaboration. Remotely hosted by elcom, inc., PECOS.iem, is based on an open collaborative commerce architecture which is designed to enable trading partner self service while still preserving the control that is critical to effective eMarketplace management. PECOS Internet Exchange Manager's collaborative commerce framework enables instant usability, trade partner self service and process adaptability.

About Elcom International, Inc.

Elcom International, Inc. (www.elcominternational.com), through its wholly-owned subsidiary, elcom, inc., is the global leader of remotely-hosted eProcurement and eMarketplace solutions. elcom's innovative technology leadership with PECOS Internet Procurement Manager, the world's first "live" remotely-hosted eProcurement platform, and PECOS Internet Exchange Manager, its second generation eMarketplace platform, establishes the next standard of value and enables enterprises of all sizes to realize the many benefits of B2B eCommerce without the burden of infrastructure investment and ongoing content and system management. elcom solutions compete against such companies as Ariba, Inc., Commerce One, PurchasePro.com, and Clarus Corporation.

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, the receptiveness of the capital markets to technology-related companies, corporate demand for (and price decreases of) PC products and other office products, changes in manufacturer policies reducing price protection and tightening on returns and other policies, the risks of doing business in foreign countries, and the impact of competitive technology products, competitive pricing pressures and the availability and terms of appropriate working capital and/or other financing, including for elcom, inc., the Company's subsidiary, as well as factors and other risks detailed in the Company's Registration Statement on Form S-3 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.

Regulation FD (Fair Disclosure)

Under Regulation FD (Fair Disclosure), promulgated by the Securities and Exchange Commission and effective October 23, 2000, the Company would like the investing public and its shareholders to be aware of the following general information which, from time to time, the Company may wish to discuss with other parties.

The Company's previous press releases containing information promulgated pursuant to Regulation FD, can be found on our web site at www.elcominternational.com/press_releases or may be requested from the Company via registered mail.

Due to the broad scope of the CBCMarketplace.com which is powered by elcom and operated by the Commonwealth Business Council ("CBC"), which spans the 54 Commonwealth countries, a phased implementation approach has been taken. Therefore, the CBCMarketplace is operational in phase I of its implementation process whereby trading partners can register to become members of the marketplace and by adding suppliers' and buyers' profiles and readying catalog content for the marketplace transactions to occur.

In addition, the CBC and elcom have decided to expand the scope of the CBCMarketplace initiative to incorporate additional features and functionality. Since the Commonwealth Business Council and elcom together have taken a phased approach to the launch of this marketplace initiative and as new technology becomes available, these technologies and features will then be incorporated into elcom's eMarketplace solution to maximize our trading partners' utilities. We believe these enhancements will create a more successful eMarketplace platform environment.