NORWOOD, Mass., Nov. 17 /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 announced that after careful deliberation by the Board of Directors it has filed a Form 15 with the Securities and Exchange Commission ("SEC") to change its status to a non-reporting company under the provisions of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). If the Form 15 is approved by the SEC, the Company will remain a public company listed on the OTC Pink Sheets; however, it will no longer be required to file reports under the Exchange Act, including quarterly reports on Form 10-Q, annual reports on Form 10-K, and current reports on Form 8-K. In addition, the provisions of the Sarbanes Oxley Act of 2002 ("Sarbanes Oxley") will no longer apply to the Company. In considering the change in its reporting status, the Board of Directors considered a number of factors upon which it based its decision to proceed with the filing of the Form 15. These factors included the high cost of legal, accounting and insurance fees associated with remaining a compliant Exchange Act reporting company in relation to its revenue, the low current share price, the status of the Company's turnaround in a very difficult economic environment and the management overhead associated with remaining a reporting company. The Board of Directors believes that changing its status to a non-reporting company is in the long term best interests of the shareholders as it enables the Company to focus its limited resources on improving its balance sheet and diversifying its revenue base. The Company plans to revisit its reporting status once it achieves certain milestones that are critical to a proper valuation for its share price. These milestones include a profitable balance sheet, growth and diversification of its revenue base and completion of a number of internal initiatives designed to improve Company performance. 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 Elcom's trading status on the OTC Pink Sheets, the SEC's approval of the Company's Form 15 filing, Elcom's current and future status as a reporting company under the Exchange Act, the application of Sarbanes Oxley to the Company, Elcom'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 Elcom believes that such forward-looking statements are reasonable, it can give no assurance that Elcom's expectations are, or will be, correct. These forward- looking statements involve a number of risks and uncertainties which could cause Elcom's future results to differ materially from those anticipated, including: (i) the necessity for Elcom to generate incremental operating revenues and whether this objective can be met given the overall marketplace and client's 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; control of operating expenses; and revenue growth; (ii) the consequent results of operations given the aforementioned factors; and (iii) the necessity of Elcom to achieve profitable operations within the constraints of its existing resources, and if it cannot, the availability of incremental capital funding to Elcom, particularly in light of the audit opinion from Elcom's independent registered public accounting firm in Elcom's 2007 Annual Report on Form 10-KSB, and other risks detailed from time to time in its Quarterly Reports on Form 10-Q and in Elcom's other SEC reports and statements. 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 OF Elcom International, Inc., Web site: http://www.elcom.com/

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