SUNNYVALE, Calif., March 8, 2006 (PRIMEZONE) -- Mobiltek Corp. (Pink Sheets:MOBK) continues to evolve its new business model and expand its relationships and Board of Directors. Anthony Epps, Michael Jackson, Tim McAllister, B. Dwayne Hardin, and Humfry Lam were nominated and certified as its newly constituted Board of Directors. Anthony Epps was installed as Chairman of the Board of Directors. The Company also announced that as of March 3rd, George Moy is no longer an employee with the Company. Mr. Moy served in the capacity as CEO, Treasurer and a member of the Board.
"The Company is excited about being able to attract the quality of individuals that has joined the Mobiltek family. Both Mr. Epps and Mr. McAllister bring tremendous talent and resources that is expected to translate in value to both the Company and its shareholders. Mr. Epps brings a strong and solid background from the financial services arena and Mr. McAllister has strength in advising and managing investments in companies in the 'Telecomm Valley' ranging from innovative, startups to well defined companies looking to finance their growth," states President Curtis Pree.
The Company has engaged in conversations with individuals and companies that will allow us to fulfill the business objectives in China and the U.S. Certain negotiations are expected to be completed and announced in the near future for acquisitions and opportunities within China and U.S. markets.
About Mobiltek Corporation
Mobiltek Corporation is a global telecommunications holding company focusing on the mobile wireless customer. The Company anticipates being a world leader in the Value Added Services and Mobile Television arena using 2.5G and 3G mobile networks. The Company's strategy is to initially offer relevant content to mobile customers as well as offer machine to machine solutions within the fast growing markets of China and the U.S. Product and service offerings to include: a wide range of mobile products and services, ring tones, games, news service, short message services (SMS), educational information, movies, interactive mobile TV and more. The company will execute its model through acquisitions by establishing strategic partnerships and alliances. To find out more about Mobiltek Corp. (Pink Sheets:MOBK), visit the website at www.mobiltekcorp.com.
Pursuant to the Private Securities Litigation Reform Act, except for historical information contained herein, this press release contains forward-looking statements that involve a number of risks and uncertainties. Actual results may differ materially from those indicated by such forward-looking statements due to a number of factors and risks detailed from time to time in statements and reports that the company has filed or may file with the Securities and Exchange Commission. Any forward-looking statements contained in this press release are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995.