News:

Press Release Source: Celtron International Inc.

Celtron Expects 10-Fold Increase in Revenues with 20,000 Additional Vehicles on Buddi Track System in 2005 Due to VESA Certification
Thursday December 9, 11:07 am ET

MIDRAND, South Africa, Dec. 9, 2004 (PRIMEZONE) -- Celtron International Inc. (OTC BB:CLTR.OB - News) announced today that Orbtech Holdings Limited, Celtron's South African subsidiary, has obtained its second accreditation from VESA (Vehicle Security Association of South Africa) today. This accreditation is the highest approval rating that can be obtained from VESA.

Mr. Allen Harington, Chairman of Celtron, confirmed that Orbtech Holdings Limited has obtained this accreditation, which was approved today. ``We are very excited about this accreditation because Orbtech will be placed on all South Africa's short term insurance companies' books as a preferred tracking, fleet management and stolen vehicle recovery system company,'' said Mr. Harington. ``This will have a phenomenal impact on our sales figures in the South African market where it is mandatory to have a tracking system fitted in all cars in a certain price bracket. Orbtech expects to add an additional 20,000 vehicles to its vehicle tracking base over the next 12 months due to these developments. The net monthly revenues will grow exponentially, and we expect our 2005 revenues to increase by 10 times versus fiscal 2004,'' concluded Mr. Harington.

This falls in line with Orbtech's strategy incorporating SAIPEX, which will be the platform that will springboard the newly released Buddi IV vehicle monitoring, tracking and stolen vehicle recovery product offering into the domestic vehicle market. SAIPEX has an extensive short term insurance broker subscriber base, considered to be the largest in Africa and will be the point of entry for our domestic market offerings. SAIPEX, C&F Outsource Management and Insurance Products Platform have developed a unique go-to-market channel that will reach more than 14,000 short term insurance brokers and advisors.

``The 14,000 brokers have a direct client base of more than 1 million clients, all of whom are registered on the SAIPEX platform,'' says Mr. Ronald Pienaar, Managing Director of Orbtech Holdings. ``By utilizing the SAIPEX platform, Orbtech immediately has access to not only a potential qualified client base of over 1 million prospects, but also engages a marketing and sales force of 14,000 brokers and advisors at minimum cost. This will enable Orbtech to achieve maximum market penetration and critical mass in a very short time-frame, and establish Orbtech as a market leader in the Buddi IV product class. It will also be the first time that a Broker or Agent not employed directly by Orbtech will be remunerated on an annuity commission base in relation to the short term insurance industry norms,'' he added.

The VESA accreditation coincides with the launch of the Buddi IV tracking and stolen vehicle recovery system, which is to be launched on December 15, 2004. ``The Buddi IV was designed to service this market and the accreditation could not have come at a better time,'' added Mr. Harington.

To launch the Buddi IV aggressively through this channel, Orbtech has secured additional funding for ZAR 3,000,000 from some of Celtron's largest shareholders.

In addition to this, Orbtech has also secured a further ZAR 5,000,000 funding from the same sources to fund the expansion of its CreditPipe product and service offering. Funds will be used to expand MobileCredit and install the Postilion Financial Switch in preparation for our launch of PayCell in the United States. To facilitate this, 50% of CreditPipe and 50% of the Postilion was sold to PayCell, ensuring that PayCell will have a solid base from which it can launch in the USA.

According to Mr. Allen Harington, the implementation of these agreements will aid the growth strategy of Orbtech Holdings in South Africa and provide the level of market penetration that is required to sustain a healthy growth path and fund international R&D efforts.

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; Company President, at + 27 11 652-6350.

Contact:

Celtron International Inc.
Allen Harington
+27 11 652-6350
http://www.buddi-track.co.za

Source: Celtron International Inc.