SAN DIEGO, Dec 21, 2004 (BUSINESS WIRE) -- Cybertel Capital Corporation
(OTCBB:CYBT) announced today that its wholly owned subsidiary, Cybertel Communications Corporation, is getting set to test its Cphone with Marines in Iraq. There are phones currently at a Marine Corps base in Iraq that will enable Marines to call their families back in the United States over the Christmas holidays.

Marines will not experience busy signal delays when calling home via the Cphone because they will be using the Internet to place their calls in lieu of the traditional telephone networks.

Currently, there are approximately 150,000 Marines, Soldiers, Sailors and Airmen serving in the Middle East. If each had their own personal Cphone and made one ten minute call a week back home, that would produce an additional $3.3 million in revenues for Cybertel and save the troops $35,000,000 with their current cost of calling home.

About Cybertel

Cybertel Capital is a holding company that acquires interests in privately held companies. Cybertel Capital will also act as an incubator for profitable companies that would like to go public in the near future. Cybertel Capital will provide services to these companies and investment into their infrastructure that will enable them to become a public entity through dividend distribution to the shareholders of Cybertel Capital.

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995:

The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties, including, but not limited to, risks associated with the uncertainty of future financial results; additional financing requirements; development of new products; governmental approval processes; the impact of competitive products or pricing; technological changes; the effect of economic conditions; and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.

SOURCE: Cybertel Capital Corporation

CONTACT: Cybertel Communications Corporation

Arthur Armagost, 858-646-7410

aarmagost@cybertelcorp.com

Copyright (C) 2004 Business Wire. All rights reserved.

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KEYWORD: CALIFORNIA INTERNATIONAL AFRICA/MIDDLE EAST

INDUSTRY KEYWORD: AEROSPACE/DEFENSE

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2004

Source: Comtext Market News

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1000-1 reverse split in August.

Cash 08/19/04 Reverse Splt (120,000) CYBERTEL CAPITAL CORPORATION 0.00