Celtron International Files Amended S-8 Registration for 4.5 Million Shares.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 it has filed with the Securities and Exchange Commission an amended Registration Statement on Form S-8 for the registration of 4,500,000 shares for compensation of employees and consultants under the Company's 2004 Employee/Consultant Stock Compensation Plan. About Celtron International, Inc Celtron is in the business of developing and marketing products in Mobile Commerce, Vehicle-locating and Management, 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. 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 PayCell, Inc., a United States company, of which Celtron owns 100%. Orbtech has four operating subsidiaries: Orbtech Tracking Systems, Ltd. (Orbtrac), a marketer, seller and distributor of the group's vehicle management, tracking and recovery products; CreditPipe (Pty) Ltd, a mobile E-commerce platform and M-commerce enabler; MineWorx International (Pty) Ltd., a Specialist Mobile Software and System Solutions provider; KnowledgeWorx, an E-learning and skills management company, all of which are 100% owned by Orbtech; and Odyssey Solutions (Pty) Ltd., a 40% subsidiary. This press release contains statements, which 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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