SUNNYVALE, Calif., Jan. 10, 2006 (PRIMEZONE) -- Mobiltek Corp. (Pink Sheets:MOBK) today announced that it is completing the transaction with SSI Affinity and Mobile 10. This month the assets and customers from the Michigan based CLEC will transfer to Mobiltek. As part of the restructuring the Company has enhanced its board and management team. Effective January 1st George Moy has resigned from the Board of Directors but will continue as CEO. The new board members are B. Dwayne Hardin, Humfry Lam and David Joseph. Additionally, Ken Chuck has resigned as CTO; Curtis Pree has been installed as President and Michael Jackson as COO.
The Company is integrating the individual business models, its management, corporate and financial relationships, as well as seeking investment capital. The Company has added two additional professionals to the communication channel: Payment Solutions Group and Blue Future. These two firms, along with The Eversull Group, will develop the financial public relations and investor information services campaign for the Company.
"We're excited about the growth opportunities that lie ahead for Mobiltek and are engaging firms to help us tell the Mobiltek story. As a company we are attempting to solidify our operations and have made new alignments. Our goal is to be a dominant player in the global wireless arena with an initial focus on Asia and the U.S. markets. We are committed to delivering products and services, generating revenue, providing proactive communications and continuing to evolve the business model," states George Moy, CEO."
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 offering 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 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.