Celtron International Subsidiary Concludes 6 Million Rand - US$950,000 - Partnership Agreement.Business Editors MIDRAND, South Africa--(BUSINESS WIRE)--March 26, 2004 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) ), a company 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, announced today that its South African subsidiary, Orbtech Holdings Limited, has concluded a 6 million Rand (US$950,000) partnership agreement with ISETT SETA to educate 200 unemployed people Noun 1. unemployed people - people who are involuntarily out of work (considered as a group); "the long-term unemployed need assistance" unemployed plural, plural form - the form of a word that is used to denote more than one in ICT (1) (Information and Communications Technology) An umbrella term for the information technology field. See IT. (2) (International Computers and Tabulators) See ICL. 1. (testing) ICT - In Circuit Test. skills. Orbtech's Subsidiary, KnowledgeWorx, a South African leader in the development and deployment of integrated e Learning and automated skills management platforms, has partnered with the ISETT SETA (Information Systems, Electronics and Telecommunications Technologies Sector Education Training Authority) to educate 200 unemployed people in ICT skills. The Project denotes an investment by ISETT SETA of over 6 Million Rand (US$950,000) to the development of disadvantaged individuals in the ICT sphere. KnowledgeWorx will be developing these learners over a 12-month period in two major areas, namely Systems Development (programming) and Technical support. During this process 8 development projects will be brought to conclusion, giving the learners valuable experience in the development of IT systems and the maintenance of medium-sized IT infrastructures. The South African Government introduced a skills development levy, payable by all employers, which funds are to be applied as grants through the various SETA's to further education and skills in the unemployed sector of the community. KnowledgeWorx has developed skills development and education systems that conform to Verb 1. conform to - satisfy a condition or restriction; "Does this paper meet the requirements for the degree?" fit, meet coordinate - be co-ordinated; "These activities coordinate well" the ISETT SETA's requirements. As a result of this, KnowledgeWorx has now become a recognized institution with the SETA. KnowledgeWorx will continue developing this relationship and increasing its Learnership offerings to the SETAs. 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 Solutions. Utilizing Cellular & Internet Protocols Refers to all the standards that keep the Internet running. The foundation protocol is TCP/IP, which provides the basic communications mechanism as well as ways to copy files (FTP) and send e-mail (SMTP). , 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 three 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% and Credit Pipe Holdings Ltd, a United Kingdom 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 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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