Mobiltek Sells SubsidiaryMobiltek Sells Subsidiary

SUNNYVALE, Calif. -- 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.

Mobiltek Corp.