SUNNYVALE, Calif., Dec. 27, 2005 (PRIMEZONE) -- Mobiltek Corp. (Pink Sheets:MOBK) announced today that it had entered into an agreement to sell its wholly owned subsidiary, Mobiltek Corp., California ("the Company") to SinoConnect Limited ("the Purchaser"), a telecom system integration company incorporated in Hong Kong. With the sale the Purchaser will assume the nine service contracts that the Company currently manages in China. The Company will receive $100,000 upon completion of due diligence.
About Mobiltek Corp.
Mobiltek Corp.'s vision is to become a global leader in Wireless, Interactive, and Mobile Value Added Services. The Company's strategy is to initially offer wireless products and services as well as relevant content to mobile customers within the fast growing markets of China and the U.S. Product and service offering should include: ring tones, games, news service, short message services (SMS), educational information, movies, interactive mobile TV and more. The company will execute its model by establishing strategic partnerships, alliances and acquisitions; this will allow the company to expand their product and services offerings and market presence. To find out more about Mobiltek Corporation (Pink Sheets:MOBK) or visit our 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.