Celtron International Announces Change in Management Within the Parent and Subsidiary
May 02 2006 - 2:08PM
PR Newswire (US)
SAN DIEGO, May 2 /PRNewswire-FirstCall/ -- Celtron International,
Inc. ("Celtron") (OTC:CLTR) (BULLETIN BOARD: CLTR) and its
wholly-owned subsidiary, Satellite Security Systems, Inc. ("S3"),
today announced that the President of S3, John Phillips will be
taking over as the Chief Executive Officer of Celtron
International, effective immediately. Mr. Phillips succeeds Kenneth
Dixon, who relinquished his position as Chief Executive Officer of
Celtron on May 1, 2006 to concentrate on his duties as the Chief
Executive Officer of S3. Zirk Engelbrecht, Chairman of the Board of
Directors of Celtron is enthusiastic about the management
restructuring. Mr. Engelbrecht stated "Ken has had tremendous
success in managing S3's sales efforts, and continues to do so. Ken
recently obtained a commitment from Blue Bird Manufacturing to
equip Blue Bird busses with S3's products. The Blue Bird
Manufacturing deal announced in March is a wonderful example of how
S3 will benefit from Ken's efforts." Additionally, Mr. Engelbrecht
stated "this change will allow John to have more strategic control
over Celtron as a business that is targeting strategic acquisitions
as part of its growth strategy. John is intimately involved with
our industry and will have the opportunity to leverage his
experience in implementing Celtron's business plan going forward."
As part of the management restructuring, Randall Smith submitted
his resignation as the Chief Financial Officer of both Celtron and
S3 on April 27, 2006. Celtron has initiated a candidate search
process for a new Chief Financial Officer. About Celtron
International, Inc. Celtron, through its S3 subsidiary, provides
GPS-based solutions that enable an immediate response to ensure the
security of personnel, vehicles and equipment, while automating and
streamlining business processes in order to reduce costs. The
cornerstone of Celtron's business is GlobalGuard(TM), a
state-of-the-art GPS tracking system that provides unsurpassed
reliability, power, and flexibility. GlobalGuard(TM) technology
combines global positioning, satellite, and wireless communications
together with advanced software engineering and services to produce
a state-of-the-art system for tracking, monitoring, and controlling
both fixed and mobile assets. Celtron's unique value proposition
includes technology designed to accommodate most any customer
requirement, data warehousing of tracking data for historical
analysis, and a 24/7/365 Monitoring and Support Center (MSC)
staffed by specially trained technicians working in conjunction
with uniformed authorities. MSC technicians are capable of remotely
troubleshooting problems, responding to emergencies, and can take
over critical monitoring functions for any client, if necessary.
GlobalGuard(TM) customers include the FBI, the U.S. Dept. of
Homeland Security, the U.S. Bureau of Immigration and Customs
Enforcement, the San Francisco Unified School District, Fairfax
County Public Schools, Inter-State Oil Company, Swain Oil, Snap-On
Tools, Gateway Cities of Governments, the Sacramento Air Quality
Management District, and more than 400 other government and
commercial entities. Celtron is headquartered in San Diego, CA. To
contact Celtron, contact John Phillips at 877-437-4199 or via email
at . FORWARD LOOKING STATEMENT: This press release contains
forward-looking statements, including expected industry patterns
and other financial and business results that involve known and
unknown risks, uncertainties and other factors that may cause our
actual results, levels of activity, performance or achievements to
differ materially from results expressed or implied by this press
release. Such risk factors include, among others: the
sustainability of recent growth rates in the market for GPS
products and services; whether certain market segments,
particularly enterprise security, grow as anticipated; the
positioning of Celtron's and S3's products in those segments; the
competitive environment in the asset tracking and monitoring
industry; ability to integrate acquired companies and technology;
ability to retain key employees; ability to successfully combine
product offerings and customer acceptance of combined products;
general market conditions, fluctuations in currency exchange rates,
changes to operating systems and product strategy by vendors of
operating systems; and whether Celtron and/or S3 can successfully
develop new products and the degree to which these gain market
acceptance. Actual results may differ materially from those
contained in the forward- looking statements in this press release.
Additional information concerning these and other risk factors is
contained in the Risk Factors sections of Celtron's previously
filed Form 10-K and Form 10-Q. Neither Celtron nor S3 undertake any
obligation to update or revise forward-looking statements to
reflect changed assumptions, the occurrence of unanticipated events
or changes to future operating results. DATASOURCE: Celtron
International, Inc. CONTACT: John Phillips of Celtron
International, Inc., +1-877-437-4199,
Copyright