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Celtron International's CEO Appointed Chairman of Vehicle Security Association.


MIDRAND, South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa.  -- Celtron International Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:CLTR CLTR China Liver Transplant Registry
CLTR CPPU (Constant Pressure Power Uprate) Licensing Topical Report (nuclear) 
) announced today that its Chief Executive Officer, Mr. Allen Harington, has been appointed Chairman of the Vehicle Security Association of South Africa (VESA (Video Electronics Standards Association, Milpitas, CA, www.vesa.org) A membership organization founded in 1989 that sets interface standards for the PC, workstation and computing environments. Note the following VESA standards following this entry. ).

VESA is a regulatory body that ensures and enforces quality and standards in the vehicle security environment and plays a major role in setting up and maintaining the standards in the industry to ensure that clients derive maximum benefit and peace of mind from their investment in such products.

"I believe that my appointment is a reflection of the high standards and integrity maintained by Celtron's service offering through Orbtech over the past years, and a reflection of our group's commitment to providing the leading vehicle tracking technology in the industry," commented Mr. Harington.

VESA enforces standards and regulates quality of products and installation thereof through an accreditation process that includes stringent testing of products, validation of company viability, validation of fitment fitment
Noun

1. an accessory attached to a machine

2. Chiefly Brit a detachable part of the furnishings of a room

Noun 1.
 procedures, as well as ongoing monitoring, validation and maintenance of these standards. The activities of VESA are controlled through five Sub-Committees that categorises the five main sectors VESA regulates in this industry being the Mechanical Committee (Gearlocks, etc.), Electronic Committee (Alarms/Immobilisers), Stolen Vehicle Recovery Committee (Vehicle Tracking), Fleet Management Committee and the Installation Centre Committee.

Orbtech is represented on two of these Committees, the Stolen Vehicle Recovery Committee and the Fleet Management Committee through accreditation of its product range, the Buddi-Track Management, Tracking and Recovery systems.

"An organization such as VESA is reliant on the support and acceptance from its members, clients, related industry associations and business/channel partners. It is therefore important to secure, rectify rec·ti·fy
v.
1. To set right; correct.

2. To refine or purify, especially by distillation.
, re-establish and reconcile relationships within this support structure to maintain the company's commercial focus and future stability," said Mr. Allen Harington. "We will therefore focus our attention on Conciliation conciliation: see mediation.  and Relationship building, while not losing focus of the charter that VESA has to deliver on. In relation to this, we have re-established our communication channels with the South African Insurance Association (SAIA SAIA South Australian Internet Association
SAIA San Antonio International Airport (Texas)
SAIA Servicio de Análisis e Información Antinarcóticos (Guatemala special police) 
) to formulate a formal working relationship that has produced very positive results."

VESA traditionally plays a major role in the insurance industry where it acts as a regulator and enforcer of quality product supply and quality fitment of these products. The client and the Insurer are assured of these quality standards through a Certification Process that has been proven to be very successful in the industry.

"VESA recently issued its One Millionth Certificate. This is an indication of the role VESA plays in the industry and the acceptance level of its standards. We intend capitalising on and expanding this base to ensure that the quality and principles supported by VESA's accreditation process is maintained and filtered through to our clients, being the Vehicle Owner, The Automotive Industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide.  and the Insurance Industry," Mr. Harington added.

Mr. Harington is supported in his role as Chairman by fellow Board Members, Mr. Sean Staley, Mr. Tyrone Hanna -- both existing Board Members that have been re-elected, and the newly appointed directors, Mr. Jason Finney, Mr. Nick Van Zijl, Mr. Nihal Khan and Ms. Mellony Morelli-Howes.

About Celtron International, Inc.

Celtron International, Inc. is engaged in the business of marketing products and services in mobile commerce, vehicle locating and management, and asset tracking and telemetry telemetry

Highly automated communications process by which data are collected from instruments located at remote or inaccessible points and transmitted to receiving equipment for measurement, monitoring, display, and recording.
 solutions. Celtron's products and services incorporate the latest, state-of-the-art technology, including cellular, global positioning, and satellite technology with our tracking and management systems, and the latest mobile technology and its applications in providing mobile technology solutions. Celtron through its subsidiary Orbtech Holdings Ltd. recently signed a commercial delivery partnership agreement with Global Asset Tracking Technologies (Pty), Ltd., who in turn has secured an agreement with a large banking institution in South Africa, to install its Buddi-Track tracking system in an estimated 2,500 vehicles per month as previously announced on April 15, 2005. The value of the contract equates to US$ 953,000 per month ($11.43 million annually) on the minimum contract requirement of 2,500 installations per month and in addition to that the monthly recurring re·cur  
intr.v. re·curred, re·cur·ring, re·curs
1. To happen, come up, or show up again or repeatedly.

2. To return to one's attention or memory.

3. To return in thought or discourse.
 revenue will increase by US$ 72,000 per month making Orbtech highly profitable. It is expected that the installation number will increase to over 5,000 vehicles per month, or $1.9 million in hardware revenues per month over the next 18 months. Monthly recurring revenues would increase by $144,000 per month as well.

This press release contains statements that may constitute "forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. Those statements include statements regarding the intent, belief or current expectations of Celtron International Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation Fluctuation

A price or interest rate change.
 of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

For further information, contact Allen Harington CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , at + 27 11 652-6350.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 13, 2005
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