Celtron International Subsidiary, CreditPipe, Secures Several New M-commerce Contracts.Business Editors MIDRAND, South Africa--(BUSINESS WIRE)--Dec. 22, 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 CreditPipe, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the South African subsidiary, Orbtech Holdings Limited, has signed a MobileCredit deal with Tupperware (http://order.tupperware.com/coe/app/home). Mr. Allen Harington, Chairman of Celtron, confirmed that MTN MTN A short-form for Medium Term Note. MTN Medium term notes issued by corporations, much like shorter-term commercial paper. MTN See medium-term note (MTN). , one of the largest cellular network providers in Africa, who is the marketing and delivery partner of CreditPipe, has signed agreements with Tupperware 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. to provide mobile credit card processing and check guarantee facilities for the group's 15,000 field sales representatives. Tupperware Corporation, a multinational company, is one of the world's leading direct sellers. Through its Tupperware brand, the company provides consumers with premium food storage, preparation and serving items as well as business opportunities, in more than 100 countries. Tupperware also offers premium beauty and skin care products, mainly in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , through its BeautiControl brand. Mr. Brandon Sandiford, Managing Director of CreditPipe, has also confirmed that CreditPipe has jointly founded an m-commerce payment consortium, bringing together nine strategic players. The consortium will be launching an industry standard m-commerce payment & value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. service gateway, which is to become the industry standard platform within the South African Market. Strong interest for the gateway has already been shown by leading banking institutions around Africa, the first implementation scheduled to go live in Ghana by the second quarter 2004. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mr. Ron Pienaar, Managing Director of Orbtech Holdings, the CreditPipe acquisition is already outperforming expectations. "CreditPipe is well on track to achieving its profit warrantees ahead of schedule, thereby allowing us to focus on our international expansion plans for mobilecredit over the next few months," said Pienaar. Pienaar also confirmed that CreditPipe has reached agreements with various "Brand Names" that place CreditPipe far ahead of its projections for the 2004 financial year. The names of these parties will be announced during the official launch of their offering. 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 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 +27 11 652-6350. |
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