NORWOOD, Mass., June 13 /PRNewswire-FirstCall/ -- Elcom International, Inc. ("Elcom" or the "Company") (Pink Sheets: ELCO), a leading international provider of Commerce Process Management solutions for buyers, suppliers and commerce communities, today announces the latest steps taken towards regaining listing as an Over-The-Counter Bulletin Board (the "OTC Bulletin Board") stock since being suspended on May 18, 2007 due to the delay in filing its annual report on Form 10-KSB for its fiscal 2006 year with the Securities and Exchange Commission ("SEC"). The Company's stock is listed in the OTC "pink sheets" until such time as the Company's stock is again eligible for quotation on the OTC Bulletin Board. The Company is nearing final resolution of several issues that have delayed the completion of the Company's audit for the year ended December 31, 2006. One issue involves the repayment of a cash deposit of approximately $1.2 million deposited by the Company with a sales agent in connection with its potential bid for government contracts outside the United States. The Company has filed a lawsuit for the return of these funds, which were originally due to be repaid to the Company by May 15, 2007. A further issue involves the accounting treatment of certain balance sheet items. These issues are expected to be resolved within the next several weeks, and at that time the Company expects to be able to file its 2006 annual report on Form 10-KSB as well as its quarterly report on Form 10-QSB for the quarter ended March 31, 2007. The Company had previously announced in October 2006 that it anticipated that it would be cash flow positive in 2007, however based on current trading it now anticipates that it will remain in a loss position through 2007. About Elcom International, Inc. Elcom International, Inc. (Pink Sheets: 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: http://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. AT THE COMPANY: Investor Relations E-mail: DATASOURCE: Elcom International, Inc. CONTACT: Investor Relations for Elcom International, Inc., Web site: http://www.elcom.com/

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