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), 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."

About Elcom International, Inc.

Elcom International, Inc., through its wholly-owned subsidiaries, develops, licenses, and uses client/server and Internet transaction-based software systems which enable the conduct of PC-based interactive electronic commerce over the Internet and telephone networks. Elcom Services Group, Inc., the Company's PC remarketing and professional services subsidiary, uses the Company's electronic commerce technology to support the marketing of PC products and now operates seven field sales and support offices in the United States and seven in the United Kingdom. elcom.com, inc., (www.elcom.com), was formed in December 1998 and recently merged with Elcom Systems, Inc., the Company's technology and electronic commerce subsidiary. elcom.com will operate as an Internet on-line remarketer of PC-oriented and other products using the Company's electronic commerce and automated procurement and sourcing technology. Additionally, elcom.com licenses its PECOS technologies to Elcom Services Group's customers and to other companies.

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, the ability of the Company to transition existing customers to an Internet-only ordering model, and the impact of competitive technology products as well as factors and other risks detailed in the Company's 1997 Annual Report on Form 10-K and from time to time in the Company's other reports filed with the SEC.