March 13, 2002 Kennebunk, Me.--HCI Systems (HCI), a leading provider of facilities and asset management solutions, today announced that it has formed a partnership with Elcom International, Inc. (NASDAQ: ELCO), a leading international provider of remotely-hosted eProcurement and private eMarketplace solutions. Together these organizations provide a total asset lifecycle management solution for companies in service oriented vertical markets such as financial services, utilities, municipalities, and government units. Under the terms of the agreement, Elcom will host and provide its customers with access to HCI's best-of-breed asset management applications -- Building Blocks?, iPlan?, iRequest?, and Walkabout? Palm OS(R) Suite to complement its flagship eProcurement solution, PECOS Internet Procurement Manager. HCI will offer PECOS Internet Procurement Manager to its current and future customer base on a referral basis.

"We're very excited about the relationship with Elcom," says James T. Kavanagh, chief executive of HCI. "Our vision has always been to provide a one-stop web-based solution for total lifecycle management of an asset--from the date of acquisition to the time of disposal. By partnering with Elcom, companies now have access to an affordable, end-to-end solution that supports all important aspects of the lifecycle management process such as sourcing, requisitioning, receiving, asset classification, financial settlement, capital planning, asset management, preventative maintenance, work order management, resource management, inventory control, and asset disposal. HCI is a leader in its field and the Building Blocks suite of products fit 'hand in glove' with PECOS Internet Procurement Manager."

Robert J. Crowell, Elcom International's chairman and chief executive, states, "This partnership enables Elcom to address the needs of our customers to more effectively manage the assets that they procure through PECOS Internet Procurement Manager, our hosted eProcurement solution. By offering a total asset management lifecycle solution, hosted on the Elcom eCommerce Network, we are providing our customers with the ability to lower costs by automating the many manual processes associated with acquiring, maintaining and disposing of assets. In the current economic climate, companies are seeking ways to more cost effectively manage their investments in facilities, capital equipment and IT products to maximize their useful life. Adding asset management capabilities to our product offerings through this partnership will bring additional value-add to our clients."

Solutions that support "Total Asset Lifecycle Management" have emerged as companies seek to extend the useful life of purchased assets by improving asset tracking, replacement planning and implementing more effective preventative maintenance. eProcurement solutions have enabled companies to improve requisitioning, sourcing and financial settlement processes while asset management applications have improved tracking and planning processes. Combining the HCI and Elcom's solutions addresses the need for a more comprehensive, total approach to lifecycle management.

HCI's Building Blocks makes it easy for facility managers and systems administrators to manage large multi-facility sites, issue work orders, control inventories, allocate resources, assess the conditions of every asset and intelligently plan for upcoming budget requirements and the system-wide operations and maintenance of facilities under management. iPlan provides administrators with a powerful tool that automates the time-consuming process of developing a strategic plan, maintaining an accurate and real- time assessment of capital renewal needs, establishing priorities based on objective models, and managing the associated corrective actions and projects. iRequest improves customer service and streamlines work with the ability to create, send and check status on requests for services, goods and supplies. WalkAbout utilizes PalmOS handhelds to facilitate asset data collection, work order management, resource allocation and inventory control in the field.

Company Product Offerings
For detailed information on elcom's PECOS^TM technology and optional Dynamic Trading functionality, please visit its Web site at www.elcominternational.com/products.htm. For information on HCI's technology and solutions, visit www.hcisystems.com.

About HCI Systems
HCI Systems is an award winning software firm that develops, implements and supports solutions that enable organizations to manage their facilities, physical plant, infrastructure, and fixed assets. HCI's Facilities and Asset Management Solution benefits organizations in several markets and industries, including corporations, local and state government, public and private education, and nonprofit organizations. The company offers a comprehensive, yet easy-to-use asset management system that is based on proven business practices and industry accepted standards. Clients use HCI's products to meet regulatory compliance, increase efficiencies, gain control and knowledge of their assets, manage risk, increase safety and extend life cycles. HCI's products require no material change in company processes as they have been built to complement and improve existing business practices. The Company is named on Deloitte & Touche's New England Fast Fifty Award and National Fast 500 Award in both 2000 and 2001 as one of the fastest growing technology companies in the U.S. For more information about HCI Systems, visit www.hcisystems.com.

About Elcom International, Inc.
Elcom International, Inc. (Nasdaq: ELCO), operates two wholly-owned subsidiaries: elcom, inc., a leading international provider of remotely-hosted eProcurement and Private eMarketplace solutions and Elcom Services Group, Inc., which provides leveraged procurement services for IT products.elcom, inc.'s innovative remotely-hosted technology establishes the next standard of value and enables enterprises of all sizes to realize the many benefits of eProcurement without the burden of significant infrastructure investment and ongoing content and system management. PECOS Internet Procurement Manager, elcom, inc.'s remotely-hosted eProcurement and eMarketplace enabling platform was the first "live" remotely-hosted eProcurement system in the world. Additional information can be found at www.elcominternational.com.