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ELC Elcom Itl

2.00
0.00 (0.00%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Elcom Itl LSE:ELC London Ordinary Share COM SHS USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Directorate Change

25/06/2007 8:02am

UK Regulatory


RNS Number:9162Y
Elcom International Inc
25 June 2007

Elcom International, Inc.
("Elcom" or the "Company")


Board changes

NORWOOD, MA, June 25, 2007 - Elcom International, Inc. ("Elcom" or the
"Company") (PINKSHEETS: ELCO), a leading international provider of Commerce
Process Management solutions for buyers, suppliers and commerce communities,
today announces that the Company and John Halnen have mutually agreed to 
separate and that with effect from June 20, 2007, Mr Halnen is no longer 
President and Chief Executive Officer of the Company. The Company is discussing 
final severance arrangements with Mr. Halnen.

On June 20, 2007, Gregory King, was appointed as the Company's Chief Executive
Officer on an interim basis until such time as the Company appoints a new
officer to serve in this position. Gregory King was appointed as a Director of
the Company on April 21, 2006. On the same date, Mr. King was appointed
Executive Vice President of Business Development of the Company. Mr. King, who
is 54, originally joined the Company's Elcom, inc. technology subsidiary in
April of 1997 as Vice President of Product Marketing, in conjunction with the
acquisition of a procurement software application by Elcom, inc. Mr. King was a
part owner of rights to the acquired technology. Mr. King has been the Vice
President of Sales and Marketing of Elcom, inc., and has served in similar
capacities for over five years. Mr. King is also the global head of the
Company's sales and marketing functions. Mr. King is a citizen of the United
States.

About Elcom International, Inc.

Elcom International, Inc. (PINKSHEETS:ELCO), is a leading international provider
of Commerce Process Management solutions for buyers, suppliers and commerce
communities. Commerce Process Management refers to the ability to effectively
manage the large-scale exchange of goods and services, using information
technology and best practices, between different organizations, including the
purchase, sale, exchange of commodities and services and their receipt and
payment in one seamless end-to-end integrated process. Beyond the current
generation of "On Demand" solutions available in the market, Commerce Process
Management Solutions provided by Elcom offer true value for money by eliminating
the burden and cost of in-house programming, IT infrastructure and ongoing
system management. More information is available from Elcom's website at:
www.elcom.com

STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT

Except for the historical information contained herein, the matters discussed in
this press release could 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", "targets", "intends", "anticipates", "plans", 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 necessity for the Company to control its expenses as well as to generate
incremental, ongoing operating revenues and whether this objective can be met
given the overall marketplace and clients' acceptance and usage of eCommerce
software systems, eProcurement and eMarketplace solutions including corporate
demand therefore, the impact of competitive technologies, products and pricing,
particularly given the substantially larger size and scale of certain
competitors and potential competitors; (ii) the consequent results of operations
given the aforementioned factors; and (iii) the necessity of the Company to
achieve profitable operations within the constraints of its existing resources,
and if it can not, the availability of incremental capital funding to the
Company, particularly in light of the audit opinion from the Company's
independent registered public accounting firm in the Company's 2005 Annual
Report on Form 10-KSB, as amended, and other risks detailed from time to time in
its March 31, June 30, and September 30, 2006 Quarterly Reports on Form 10-QSB
and in its other SEC reports and statements, including particularly the
Company's "Risk Factors" contained in the prospectus included as part of the
Company's Registration Statement on Form S-3 filed on June 21, 2002. The Company
assumes no obligation to update any of the information contained or referenced
in this press release.


- END -








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

END
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