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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Elcom Itl | ELC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 2.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.00 | 2.00 |
| Top Posts |
|---|
Posted at 15/2/2005 13:34 by jeffian 11 January 2005ELCOM INTERNATIONAL, INC., IN COLLABORATION WITH PA CONSULTING GROUP, HAS BEEN NAMED AS HAVING PREFERRED BIDDER STATUS FOR THE OFFICE OF GOVERNMENT COMMERCE'S (U.K.) eMARKETPLACE SYSTEM NORWOOD, MA, January 11, 2005 - Elcom International, Inc. (OTCBB: ELCO and AIM: ELC and ELCS), today announced that the Company is one of the sub-contractors to PA Consulting Group (PA), which the Office of Government Commerce ('OGC') has named as the Preferred Bidder for the creation and deployment of the OGC's Zanzibar eMarketplace for U.K. public sector organizations. PA is the envisaged primary contractor with Preferred Bidder status with Elcom providing the eProcurement and eMarketplace components of the Zanzibar eMarketplace system. Preferred Bidder status means that OGC will negotiate exclusively with PA in respect to a framework agreement targeted to be in place by the end of February. However, Preferred Bidder status is at all times contingent on the successful negotiation of the terms of the framework agreement and the status can be withdrawn by OGC at its absolute discretion. Accordingly there can be no assurance that these negotiations will be successful and a framework agreement consummated. Assuming negotiations are concluded satisfactorily with the OGC, Elcom expects to execute a back-to-back contract with PA for the OGC Zanzibar system directly after the framework agreement is signed. Zanzibar will provide a 'Procure to Pay' Marketplace, including an eHub (data warehouse, single point of access to the government marketplace for buyers and suppliers), hosted common and individual catalogues and punch out to catalogues as well as non-catalogue transactions. Zanzibar will be an OGCbuying.solutions Framework Agreement and run as a Managed Service on behalf of Government Departments and Agencies, which are expected to join as individual agencies. About the Office of Government Commerce OGCbuying.solutions is an Executive Agency of the U.K. Government's Office of Government Commerce, which is part of the Treasury ministry. Its role is to deliver value for money gains for central civil government and the wider public sector through our dedicated, professional procurement service. The Agency provides its customers with a full range of products and services designed to encourage effective procurement, achieve measurable cost savings and improve the efficiency of the purchasing function throughout the public sector. Additional Information can be found at |
Posted at 15/2/2005 13:32 by jeffian As a 'value' investor, this is not my usual sort of thing, but it seems to be flying below everyone's radar and is, I think, worth a thread of its own.Elcom International is an American company which provides the platform for web-based e-procurement and marketplace services. I won't clog up this header post with an extended description of what they do and background information, but will post this below on post #1 which can be accessed again by clicking on this link: In the UK, it has aimed itself firmly at the Local Authority market. Traditionally, local authorities and Govt departments have had to go out to tender for large scale contracts, supplies of materials etc. which is both complicated and time-consuming for both purchaser and supplier. The Govt are looking to set up an 'e-procurement' marketplace whereby goods and services bought through this web-based service are accepted as the 'best deal' and comply with tendering requirements. In other words, instead of a paper trail round many suppliers to get the best price, Local Authorities will be allowed to buy directly via the website knowing they are getting the best price. Elcom do not themselves front the operation. They hitch themselves to established PFI players such as Capita and CapGemini (Ernst & Young) with a proven track record. With CapGemini, they have already won the e-procurement contract from the Scottish Executive for the Scottish local authorities. The really good news is that, with Capita, they are also the 'preferred bidder' for the Zanzibar e-procurement system which is planned to be the purchasing medium for all the English local authorities. Details of that follow in post #2 which can be accessed at: All right, so it's tiny (£5.5m market cap), with illiquid shares and currently makes losses, but with a decision on Zanzibar expected by end Feb and the system planned to be up and running during 2005, it's worth a speculative punt IMHO. I hold. Finally, you may note that the shares appear under two 'tickers' - ELC and ELCS. These are identical for UK investors, with the same voting rights, divis etc. When ELC - an American company - raised fresh capital via a Placing on the UK AIM market recently, the new Placing shares (the 'S' shares) have restrictions placed on them for American investors. I assume that at some stage in the future they will be merged back into a single entity. Have a look and see what you think. Regards, Ian |
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