Celtron International Subsidiary to Acquire Molo Speech Technologies and KnowledgeWorx.

Business Editors

MIDRAND, South Africa--(BUSINESS WIRE)--Feb. 2, 2004

Celtron International Inc. (OTCBB:CLTR) announced today that its South African subsidiary, Orbtech Holdings Limited, has concluded its negotiations to acquire 100% of the outstanding stock of KnowledgeWorx, an E-learning and Skills Management company, as well as, 100% of the outstanding stock of Molo Africa Speech Technologies, a company specializing in value-added telecommunications voice services such as IVR, telephony and speech solutions. Included in the acquisitions are all intellectual property and business operations.

Sub-Saharan Africa has become the fastest-growing mobile-phone service market in the world, addressing a population base of more than 650 million. Subscriber growth increased 37% to 34.4 million in 2003 according to Gartner Dataquest, and Pyramid Research expects 57 million subscribers by 2007. Nearly $3.2 billion per year will be spent in the next 5 years building out cellular phone service according to the World Bank.

Celtron International's Mobile Services Platform encompasses asset tracking, interactive data, banking and credit, business intelligence and e-learning through voice automation. According to Gartner, 92% of all customer interactions happen over the phone. In order to meet the needs of customers, reduce costs and increase profitability, companies must invest in automating those interactions via the phone. According to Datamonitor, worldwide investments in speech recognition were $695 million in 2002, with expected growth to $1.4 billion by the end of 2004 and compounded annual growth of 25%-50% over the next 3-5 years.

In a recent interview with BusinessWeek, Vodacom's CEO stated that "the cell phone will be Africa's PC." Africa has hundreds of millions of people hungry to get online, and Celtron has aggressively acquired and integrated a complete line of mobile applications to address the needs of the fastest growing mobile market in the world.

The KnowledgeWorx Mobile E-learning platform will bring education and skills training to the masses in areas where these types of facilities do not exist. KnowledgeWorx has extensive experience in the Skills Management arena and has implemented systems for the management of Learnerships for Siemens SA, as well as Hewlett Packard SA (i-Community project). These systems cover all aspects of Learnership management, including Unit standard alignment, class scheduling and automated assessment, reporting and progress management, to name a few. The success of these systems is proven by the fact that i-Community appointed KnowledgeWorx to manage 100 Learnerships on the i-Community project.

Molo Speech Technologies integrates its speech-recognition engines, interactive voice response, text messaging and intelligent networking to telco networks worldwide and makes information available through modern digital media such as SMS, USSD, MMS, WAP and GPRS. Product offerings include travel information and reservations, stock quotes and trading, auto attendants and voice portals. Speech technology is being used to increase revenue by automating activities that previously required agent assistance, such as credit line increases, cross-selling and up-selling related products, news services, voice activated dialing and email reading.

According to Mr. Allen Harington, Celtron's CEO, the implementation of these acquisitions will further aid the growth strategy of the Celtron Group and provide another very lucrative annuity-based revenue stream. Molo has been profitable for the past 3 years showing annual profits between US $400,000 and $700,000 while KnowledgeWorx has reached break-even and will move into profits during February 2004, based on the commencement of additional contracts in this month. Collectively these companies have agreed to contribute a further gross profit of US $1 million for the 2004 financial year as guaranteed within the acquisition agreements.

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 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, Celtron CEO, at + 27 11 652-6350.