Celtron International's Subsidiary to Apply for Listing on JSE Securities Exchange SA.Business Editors MIDRAND, South Africa--(BUSINESS WIRE)--June 16, 2003 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 Orbtech Holdings Ltd. (Orbtech) -- Celtron's South African subsidiary -- has concluded its negotiations with Exchange Sponsors (Pty) Ltd. (Exchange Sponsors) to assist with the listing of Orbtech's shares on the JSE JSE See: Johannesburg Stock Exchange Securities Exchange SA (JSE) After a preliminary due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. done by Exchange Sponsors on Orbtech, they accepted the appointment to act as Sponsors for the listing of Orbtech's shares and will guide the management of Orbtech through the listing process over the next months. "As it is, Orbtech is going through substantial changes to position itself as a Specialist Mobile Solutions Provider," said Mr. Ron Pienaar, the newly appointed Managing Director of Orbtech. "The listing is imminent in the process of establishing Orbtech as a market leader. Listing the company will also greatly contribute to the acquisition of synergetic synergetic /syn·er·get·ic/ (sin?er-jet´ik) synergic. syn·er·get·ic adj. Synergistic. companies to enhance shareholder value for Orbtech's shareholders as well as the shareholders of Celtron." The Orbtech Mobile Communications Portal conceived and developed by the Celtron Group is the only one of its kind -- a premier online and interactive Mobile Communications Management Communications management is the systematic planning, implementing, monitoring, and revision of all the channels of communication within an organization, and between organizations; it also includes the organization and dissemination of new communication directives connected with an system that will allow organizations to generate unprecedented interaction across the entire value chain. The Orbtech Mobile Communications Portal provides for the effective deployment of interactive mobile applications and solutions between the enterprises' vendors, customers, business partners, employees and assets. Orbtech's management has identified at least two more companies they wish to acquire prior to the listing of the company on the JSE. Both these companies will contribute greatly to the overall operations of the company and base technology as well as contributing to the bottom line profits of the group as a whole. "The strategy of listing Orbtech on the JSE is directly in line with our long-term strategies to enhance shareholder value," said Mr. Allen Harington, President of Celtron. "The planned acquisitions will also conclude the structuring of the operating blueprint that will be expanded on and replicated in other countries in the world. Add to this that, collectively, we intend doing a highly profitable listing of Orbtech in 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. -- which will give Celtron a lucrative liquid asset on its balance sheet -- it is clear to see why we are extremely excited about Celtron's future." 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-looking 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, Company President, at (011) 27 11 652-6350. |
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