Celtron International's Subsidiary Concludes Funding and Development Phase

    MIDRAND, South Africa--July 18, 2003--Celtron International Inc. (OTCBB:CLTR) announced today that Orbtech Holdings Ltd. (Orbtech) -- Celtron's South African subsidiary -- has secured an investment of Four Million Five Hundred Thousand Rand by The Hallock Collection, Inc. after confirmation by Orbtech that production and sales has commenced for phase one of their new mobile communication, monitoring and tracking platform.
    Mr. Allen Harington, Chairman of Celtron, confirmed that this concludes the funding requirements of Orbtech Holdings Limited in South Africa. According to Mr. Harington, the company is now sufficiently funded to effectively introduce the new technology and all its facets to the South African market. "This is extremely important for the listing of Orbtech's shares on the JSE Securities Exchange (JSE) later this year," said Mr. Harington, "as this will enable Orbtech to realize its full growth potential over the next period."
    According to Mr. Ron Pienaar, Managing Director of Orbtech Holdings, the successful conclusion of the testing of the developed hardware and software platforms enabled this first phase of production of the new product range to commence.
    The testing comprised high-speed monitoring and tracking of Toyota RunX vehicles on the International Kyalami Race Track in Midrand. Other than proving the telemetry functionality of the product, this test also simulated high traffic flows that would be experienced in typical European markets.
    "We are pleased with the high stability of the technology as data transmission tests at 30 times the required transmission rates were achieved," added Mr. Pienaar, "this is very important as this also indicates that the technology will retain its functionality at lower bandwidth as a mobile communications platform."
    "These conclusive tests and commencement of sales of the new products in South Africa has enabled us to enter into the next phase of Celtron's expansion program, where we can leverage off our experiences in South Africa as we take the technology to Europe and the USA," said Mr. Allen Harington.
    "Another important aspect is that pre-launch contracts in excess of 200 units were concluded during the testing phase. Other than being a clear indication of the high value the market places on this revolutionary new product range, the execution of these contracts will also enable Orbtech to sustain itself as a profitable entity," added Mr. Harington.
    Discussions with interested parties in Europe have shown the same levels of interest in the products and indications are that the product range offered by Celtron will be highly successful in these markets.

    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.