The state-of-the-art of electronic publishing in science and its nearest perspectives with the emphasis on technical issues are discussed. The discussion is based on the real-life activities of the author and his colleagues in publishing online journals ( and the creation of an integrated electronic publishing environment. The EP environment includes a full set of technologies and tools for preparation of papers from manuscript to print and online versions, including online submissions, peer-review process, updating and revising papers, back- and forward referring, TeX to HTML conversion with hyperlinking based on automatic syntax analysis, etc.