Celtron International Completes Funding.MIDRAND, South 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 it has completed a funding for $150,000. The funds will be used for the expansion of Celtron's Orbtech subsidiary in South Africa. The company sold 500,000 shares at $0.30 per share to an accredited investor in a private transaction. About Celtron International Celtron is in the business of developing and marketing products in Mobile Commerce, Vehicle-locating and Management, Asset Tracking and Telemetry Solutions. Utilizing Cellular & Internet Protocols, WIG, WAP (1) (Wireless Access Point) See access point. (2) (Wireless Application Protocol) A standard for providing cellular phones, pagers and other handheld devices with secure access to e-mail and text-based Web pages. and IVR (Interactive Voice Response) An automated telephone information system that speaks to the caller with a combination of fixed voice menus and data extracted from databases in real time. for Mobile Commerce and Integrated Cellular Data & GPRS (General Packet Radio Service) The first high-speed digital data service provided by cellular carriers that used the GSM technology. GPRS added a packet-switched channel to GSM, which uses dedicated, circuit-switched channels for voice conversations. with Global Positioning Satellite technology for Vehicle Location and Management, Celtron offers a wide range of Mobile and Mobile Commerce Solutions. Celtron has four subsidiaries: Orbtech Holdings, Ltd., (South Africa), a sub-Sahara holding company, of which the Company owns approximately 70%; Celtron Tracking Systems, Ltd., a United Kingdom company, of which Celtron owns approximately 51%; Credit Pipe Holdings Ltd, a United Kingdom company, of which Celtron owns 100%; and Knight Fuller, Inc., a United States company, of which Celtron owns 93.7%. For further information, contact Allen Harington, Celtron 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. This press release contains statements that may constitute "forward-looking statements" 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 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. |
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