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Media Contact COLECTRIC READIES PRIVATE PROCUREMENT EXCHANGE Publicly Owned Utility Consortium Partners With Elcom for eProcurement JACKSONVILLE, Fla. Feb. 15, 2002 – Colectric Partners, Inc, a newly-formed, membership-based non-profit group of publicly owned utility companies, has selected PECOS Internet Procurement Manager (PECOS.ipm) to create a private eProcurement marketplace environment for use by its member utilities. This innovative technology system will allow Colectric to create buying efficiencies among its public power partners for facilities projects and maintenance, repair and operating materials purchases. Founded in 2001, Colectric Partners. Inc. pools its members' collective physical, financial and intellectual resources in order to maximize cost savings. The company is using collaboration to create efficiencies across the utility business model including the areas of development, project management, operations and maintenance of electric generation, transmission, distribution, gas and infrastructure facilities. A subsidiary of Elcom International, Inc. (Nasdaq: ELCO), elcom, inc, is a leading international provider of remotely-hosted eProcurement and eMarketplace solutions. "This technology will benefit our members, and in turn their customers, because this is the only way that a publicly owned utility can effectively reduce its procurement and delivery costs," said Bob Alder, president of Colectric. "We selected elcom to provide the eProcurement technology so that our members can take advantage of mass purchasing efficiencies through our efforts to standardize purchasing processes, reduce product costs for key project and business management resources and leverage best practices in procurement." "We are very pleased to have Colectric as a partner. We are confident that our experience and success in providing private eProcurement and eMarketplace solutions will help Colectric meet its process improvement and cost reduction goals," said Robert J. Crowell, chairman and CEO for elcom, inc. "We will help Colectric Partners maximize the use of our PECOS Internet Procurement Manager technology to improve collaboration with suppliers, implement procurement best practices and increase their purchasing process efficiencies." About Colectric Partners About Elcom International, Inc. |