Celtron International in Definitive Agreement to Acquire MineWorX International Pty Ltd.Business Editors MIDRAND, South Africa--(BUSINESS WIRE)--May 9, 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 Orbtech Holdings Ltd., Celtron's South African subsidiary, has concluded its negotiations and signed a definitive agreement for the acquisition of MineWorX International (Pty) Ltd. ("MineWorX"). The acquisition agreement was signed on May 8, 2003, whereby Orbtech Holdings acquired all the shares, assets and business of MineWorX. The agreement includes a profit guarantee by MineWorX and will contribute to the profitability of the Celtron International group. MineWorX is positioned as a Mobile Technology Solution Provider specializing in mobile and harsh environments. MineWorX is considered to be a thought leader in Mobile Technology in Africa. MineWorX defines "mobile" to be everything that is accessed via technology that is not on a desktop computer or mainframe terminal. This definition would include Internet browsing via PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). and 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. , PDA applications and other mobile devices across GSM, SMS (1) (Storage Management System) Software used to routinely back up and archive files. See HSM. (2) (Systems Management Server) Systems management software from Microsoft that runs on Windows NT Server. , 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. and RF communication protocols. MineWorX has strong Middle Ware and application integration skills. This has been one of the critical success factors for stable solution development and a competitive advantage for MineWorX. Oracle 6i, Microsoft.NET, VB, ASP, C, C++ and SQL SQL in full Structured Query Language. Computer programming language used for retrieving records or parts of records in databases and performing various calculations before displaying the results. are MineWorX's primary development and integration skills. MineWorX has integrated solutions into Maximo, Smallworld, SAP, Oracle and other applications. MineWorX aims to become an international player in this market within the next 12 months through aggressive regional partner representation and a marketing strategy that will provide us with a cost-effective international base within a relatively short timeframe. This will also be achieved through selective marketing to local customers who either have an international base or infrastructure and through customers who are willing to use our technology and support us in expanding internationally. MineWorX is the Mobile Development partner for Xmediaries Technologies, based in the U.A.E.; Maximo; and Symbol Technologies. "Forming a strategic alliance with Celtron is an important step in achieving our international goals," said Mr. Ron Pienaar, Managing Director of MineWorX. "The innovative technologies developed within the Celtron group and the group's forward-looking perspective on technology application strengthens our operational base and broadens our offerings to potential clients tremendously, locally and internationally," added Mr. Pienaar. 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. Allen Harington, Chairman of Celtron, MineWorX is deemed a valuable and important acquisition. "When considering Celtron's global development plan and envisaged product and solution offering, MineWorX is a key acquisition. The expertise and product integration that MineWorX brings to the table has cut our future development time by at least 60%. It is eerie that two separate companies can have so much in common, with similar goals and development strategies," said Mr. Harington. "Celtron's platform technology is a flexible, mobile-cellular, GPRS-enabled data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. device, coupled with a proprietary software system and integrated management services for the system. Our product design allows for the attachment of peripheral devices and applications through standard connection protocols to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the full spectrum of this exciting new mobile data platform. Applications developed by MineWorX specifically for the mobile environment complete the cycle," said Mr. Harington. The MineWorX acquisition also brings an extensive corporate client base to the table and includes companies such as Mustek, Wesbank, Anglo Platinum Anglo Platinum ltd is the world's largest primary producer of platinum, accounting for about 38% of the world's annual production. The company, based in South Africa, was previously called "Anglo American Platinum Corporation Limited". , Global Technologies, Sappi Fine Papers, Group 5/Everite, Dimension Data, Achievement Awards, Coltron/Eskom, Nutri Way, Westcon/DataTech, MST/Maximo, Central Flying Academy and various other companies in the gold mining, financial and retail sectors. To further enhance the group's growth strategies, Mr. Harington will hand over his position as Managing Director of Celtron's South African subsidiary, Orbtech Holdings Ltd., to Mr. Ron Pienaar. Ron Pienaar was born in October 1960 in Port Elizabeth Port Elizabeth, city (1991 pop. 670,653), Eastern Cape, SE South Africa, on Algoa Bay, an arm of the Indian Ocean. It is a tourist center and a major seaport that ships diamonds, wool, fruit, and other items. , 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. . He joined the SA Railways Police in 1977, where he was seconded to the CSIR CSIR Council for Scientific and Industrial Research (Ghana) CSIR Council of Scientific and Industrial Research (India) CSIR Centre for Scientific and Industrial Research to conduct classified research. During this period he enrolled at UNISA UNISA University of South Australia UNISA University of South Africa UNISA Universiteit van Suid-Afrika (University of South Africa) and completed a BA degree. He started his first venture, Aquarius Personnel Consultants, toward the end of 1982. In 1985, the Silver Corp Group acquired his company and he fulfilled the role of Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. manager and was Managing Director of 4 of the group subsidiaries, including National film distributors, SCL (1) (Switch-to-Computer Link) Refers to applications that integrate the computer through the PBX. See switch-to-computer. (2) A file extension used for ColoRIX bitmapped graphics file format (640x400 256 colors). (language) SCL - 1. Waste Collectors and SA Souvenirs. In 1989, an International Management Consultancy Group, Doctus, based in the U.K., approached him to provide expertise in Organizational Development and process consulting. Working with Byrne Fleming, he completed projects with Western Deep levels, Pep Stores nationally, the repositioning of the Ackermans Group, Epol, 15 year Free Gold strategic plan and other national groups. In November 1993, he was headhunted by Kresta Hague International to head up the Retail consulting division in Europe. During this period, he completed business improvement projects with Guardian Royal Exchange in London and the head office in Ipswich, Martins Retail Group in the U.K. and RS McCall in Scotland, as well as the Your-More-Store Group. During this period, he completed his NLP (Natural Language Processing) The capability of understanding human language. If the language is spoken, voice recognition plays an important role in converting the sounds to individual words. Then, natural language processing figures out what the words mean. (Neuro linguistic Programming) training to Masters Level, including Indirect Hypnosis. After returning to South Africa at the end of 1994, he was appointed Vice President, Marketing, for Johnson Harvey International, a management consultancy group focused in the mining industry. During 1995, he was headhunted to join Oracle Corporation, where he headed the Business Consulting and Change Management division as Practice director for the ECE-MEA region (East Central Europe, Middle East and Africa). He was on the Oracle Global Business Consulting Committee of 5 and a managing member of the Oracle Global Change Management Board. He was instrumental in the design and development of an organizational change management assessment tool and methodology in conjunction with Stanford University in California during 1997. He was responsible for global projects, such as the Continental Grain Company, based out of Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. and operating across the globe, the pharmaceutical e-business solution implemented for government in Ukraine, Hungarian Railways systems implementation, Edgars, Bateman Group and the Sanlam HR system development, to mention a few. In May 1998, he established Ornet Solutions as a subsidiary of MB Technologies Limited and was the major shareholder until the group acquired the company in 2001. Having identified the opportunities for IT and, more particularly, mobile technology during his management consulting, he established MineWorX International in October 2000 to take advantage of the emerging mobile technologies market. Ron has been a guest columnist for ITWeb.co.za and IS Strategy and has numerous articles published on IT strategy and systems implementation. As a result of Ron's vast experience in International business, he will also be appointed to the Board of Directors of Celtron International, Inc. 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. For further information, contact Allen Harington, Company President, at + 27 11 652-6350. |
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