Credit Guides And Credit Services

Celtron International Acquires Postilion Switch License from Mosaic Software

Expands Mobile Commerce Suite for Faster Wireless Credit Card Transactions

MIDRAND, South Africa--(BUSINESS WIRE)--July 15, 2004--Celtron International Inc. (OTCBB:CLTR), a company in the business of developing and marketing products in Mobile Commerce, Vehicle-location and Management, Asset Tracking and Telemetry Solutions, announced today that its South African subsidiary, Orbtech Holdings Limited, has acquired the license to Mosaic Software's, Postilion Financial Switch. The switch will be utilized by Orbtech and integrated with PayCell, Inc., a Celtron subsidiary.
Obtaining the Postilion license now enables the group to become its own acquiring house, with direct entry into the banking network to switch and effect financial transactions; and more specifically, on mobile commerce and credit card transactions originating from the businesses of CreditPipe and PayCell, both subsidiaries of Celtron.

In South Africa the integration of Postilion directly into Nedbank will remove the current backlog of merchant account applications being processed and speed up the processing of new merchant accounts. CreditPipe will be positioned to directly issue and activate merchant accounts rather than utilizing the bank's application processes. The application to activation time for customers is expected to be 48 hours, as opposed to the banking industry average of three to four weeks; and in certain instances, as long as eight weeks. The removal of the current backlog and speeding up of new merchant account activations already translates into an estimated US$ 1 million in revenues per annum.

The impact of the Postilion acquisition is particularly positive for CreditPipe's direct marketing customers including Tupperware, Honey Jewelery, Global Village and Aim, who have a large number of sales people. In these large multilevel marketing businesses, service rollout times are hampered significantly due to the slow pace at which the banks are able to process and issue merchant accounts. It currently takes competitors in excess of 12 months to complete a large-scale rollout covering 2,000 users. CreditPipe is expected to activate at least 3,000 new users in direct selling organizations by November 2004, 3 times faster than the competition.

CreditPipe and PayCell will be using the switch primarily to support its mobile payment products with a number of new services to be added to the mobile payment platform. These services include EFT payments, debit order facilities, POS terminal switching, person-to-person payments, and 3DSecure authentication. In addition, marketing businesses will be far better positioned in the e-commerce and mobile commerce debit and credit card acquiring arenas, due in part to the addition of these new services, as well as, the price competitiveness of having a direct bank link rather than using intermediary switching partners.

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, WIG, WAP and IVR for Mobile Commerce and Integrated Cellular Data & GPRS 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 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.

Contacts


Celtron International Inc.
Allen Harington, +27 11 652-6350
http://www.buddi-track.co.za
or
Rubenstein Investor Relations
Tim Clemenson 212-843-9337

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