ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

ELCS Elcom Itl. Regs

1.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Elcom Itl. Regs LSE:ELCS London Ordinary Share COM SHS USD0.01 (REGS)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Directorate Change

22/08/2007 10:33am

UK Regulatory


RNS Number:6189C
Elcom International Inc
22 August 2007

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

Board changes

NORWOOD, MA, August 22, 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,
yesterday announced that on August 15, 2007, Sean P. Lewis resigned from his
position as the Chairman of the Board of Directors (the "Board") of Elcom
International, Inc. (the "Company"). On the same date, William Lock, a Class III
Director, was appointed as the Company's Chairman of the Board.

On August 15, 2007, Gregory King, who was serving as the Company's Acting Chief
Executive Officer, was named Chief Executive Officer. Mr. King was appointed as
the Company's Acting Chief Executive Officer on June 20, 2007. On August 3,
2006, the Board elected Mr. King as a Class II Director to fill a vacancy on the
Board. Also on August 3, 2006, Mr. King was appointed Executive Vice President
of Business Development of the Company. Mr. King originally joined elcom, inc.,
the Company's 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.

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
BOAZGGZRLZRGNZG

1 Year Elcom Itl. Regs Chart

1 Year Elcom Itl. Regs Chart

1 Month Elcom Itl. Regs Chart

1 Month Elcom Itl. Regs Chart