SAN DIEGO, Jan. 5 /PRNewswire-FirstCall/ -- Celtron International, Inc. (OTC:CLTR) (BULLETIN BOARD: CLTR) today announced that the merger of Satellite Security Systems, Inc. ("S3") with and into Celtron S3 Acquisition Corp., a wholly-owned subsidiary of Celtron International, Inc. formed for the acquisition of Satellite Security Systems, Inc., has been completed. S3 is the surviving company of the merger and is now a wholly-owned operating subsidiary of Celtron. Under the terms of the merger each share of S3 common stock outstanding at the effective time of the merger has been converted into the right to receive 0.32 shares of Celtron common stock. The total number of Celtron shares of common stock issued to the former S3 shareholders as a result of the merger was 67,000,000. Pursuant to the terms and conditions of the merger, S3's executive officers will remain in their current positions with S3 and have also been appointed as the executive officers of Celtron. The new executive officers of Celtron are: Kenneth Dixon, Chief Executive Officer; John Phillips, President and Chief Technical Officer; and Randy Smith, Chief Financial Officer. Each individual holds the same office in S3. Additionally, as a condition to the consummation of the merger, Allen Harrington and Amanda Harrington resigned as members of Celtron's Board of Directors and as executive officers and the current members of the S3 Board of Directors, Kenneth Dixon, John Phillips and Stephen Hallock, were appointed to Celtron's Board of Directors. Commenting on the merger, Ken Dixon, Chief Executive Officer of Celtron and S3, stated that "there are an estimated 73 Million fleet vehicles in the United States that could utilize a GPS tracking solution, but less than 2% of those fleet vehicles have any type of GPS system installed. The coupling of S3's existing customer base and Celtron's intellectual property uniquely positions S3 to take advantage of this market. The synergy created in the acquisition is exciting." About Satellite Security Systems, Inc. With headquarters in San Diego, California, Satellite Security Systems, Inc. is a wholly-owned operating subsidiary of Celtron International, Inc. (OTC:CLTR) (BULLETIN BOARD: CLTR) and is supported by a nationwide team of sales and service professionals with expertise in industries such as law enforcement, military, communications and investment banking. Clients include the U.S. Secret Service, U.S. Bureau of Immigration and Customs Enforcement, U.S. Department of Labor, Washington D.C. Public School System, San Francisco Unified School District, Fairfax County Public Schools, InterState Oil Company, Gateway Cities of Governments, and other entities serving various industries. Satellite Security Systems' GlobalGuard(TM) technology secures, tracks, and controls assets throughout the United States, Mexico, and Canada for clients including military, government, police, and the consumer market. GlobalGuard(TM) users can communicate with, monitor, track, analyze and control the movement of virtually any object in transit. The integration of Motorola's two-way satellite communications, on-board CPU and an integrated Global Positioning System (GPS) make it possible for GlobalGuard(TM) users to send data back and forth from a central command unit or monitoring center while being continually alerted to new or dynamic changes. The GlobalGuard(TM) active communication and GPS system can be incorporated into unlimited applications. To contact Satellite Security Systems, Inc.: John Phillips, 619-574-1452 or . About Celtron International, Inc. Celtron International, Inc. is engaged in the business of marketing products and services in vehicle locating and management, and asset tracking and telemetry solutions. Celtron's products and services incorporate the latest, state of the art technology, including cellular, global positioning, and satellite technology. To contact Celtron International, Inc.: Kenneth Dixon, 619-574-1452, or . 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 Satellite Security Systems, Inc., +1-619-574-1452, ; or Kenneth Dixon of Celtron International, Inc., +1-619-574-1452,

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