CTI Diversified Holdings (Cobra Tech) CDHI

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Technology Stocks
CTI Diversified Holdings (Cobra Tech) CDHI

An SI Board Since February 2001

Posts	SubjectMarks	Bans	Symbol
4	2	0	CDHI

Emcee: j.oil	Type: Unmoderated

Introduction Market Data Compact

CTI Diversified Holdings, Inc. Announces Closing of CobraTech Acquisition and Appointment of New Directors

CTI Diversified Holdings, Inc. Announces Closing of CobraTech
Acquisition and Appointment of New Directors

WILMINGTON, Del., Feb 20, 2001 /PRNewswire via COMTEX/ -- CTI Diversified
Holdings, Inc. (OTC Bulletin Board: CDHI) (the "Company") today announced that
its acquisition of CobraTech Industries Inc. ("CobraTech"), as previously
announced on December 20, 2000 and January 17, 2001, completed on February 16,
2001. The Company has acquired approximately 97% of the total issued and
outstanding shares of CobraTech and will issue 5,757,776 shares of common stock
to the selling shareholders of CobraTech. The shares being issued are subject to
trading restrictions under Rule 144 of the Rules and Regulations of the
Securities and Exchange Commission.

The Company also announced the appointment of Messrs. Stephen Koltai and Robert
Kubbernus to its board of directors. Mr. Koltai is the CEO and a director of
CobraTech and will retain his titles as such while Mr. Kubbernus is the CEO and
Chairman of JAWS Technologies, Inc.

About the Company

The Company was incorporated in Delaware on August 11, 1998. The Company is a
development stage holding company and its sole asset is its ownership of
approximately 97% of the shares of CobraTech. Prior to the acquisition of
CobraTech, the Company, then known as Unique Bagel Co., Inc., owned a nineteen
percent (19%) interest in New York Bagel Company, Inc., a Philippine corporation
producing and selling health oriented breads and bagels. As a result of the
acquisition, the Company has returned its minority interest in the New York
Bagel Company to the majority holder, and has adopted the business plan of
CobraTech Industries, Inc.

About CobraTech Industries, Inc.

CobraTech is engaged in providing leading North American IT, ISP, ASP products
and services for introduction and distribution into the Asian e-security,
e-business and e-financial markets as well as providing consulting services for
IT security.

Forward-Looking Statements: This news release may include certain
forward-looking statements. Forward-looking statements may include, but are not
limited to, projections of revenue, income or loss and capital expenditures,
statements regarding future operations, financing needs, plans relating to
products or services of the Company, assessments of materiality, predictions of
future events and the effects of pending and possible litigation, as well as
assumptions relating to the foregoing. In addition, when used in this
discussion, the words "anticipates," "believes," "estimates," "expects,"
"intends," "plans" and variations thereof and similar expressions are intended
to identify forward-looking statements. Such forward-looking statements are
subject to various risks and uncertainties. Actual results could differ
materially from those currently anticipated due to a number of factors,
including but not limited to the Company's ability to manage rapid growth as a
result of internal expansion and strategic acquisitions, the impact of
competitive products and pricing, product demand and market acceptance, new
product development, reliance on key strategic alliances, availability of raw
materials, the regulatory environment, fluctuations in operating results and
other risks detailed from time to time in the company's filings with the
Securities and Exchange Commission.

For further information please contact Barry Einarson, CTI Diversified Holdings,
Inc./CobraTech Industries Inc., 1116 -- 925 West Georgia Street, Vancouver,
British Columbia, Canada V6C 3L2 Tel: 604/646-6638 or 888/868-3662 Fax:
604/646-6658 Web: www.cobratechindustries.com.

SOURCE CTI Diversified Holdings, Inc.

CONTACT: Barry Einarson of CTI Diversified Holdings, Inc./CobraTech
Industries Inc., 604-646-6638, or 888-868-3662, fax, 604-646-6658

URL: cobratechindustries.com
prnewswire.com

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
4	Cobratech CEO represents Canada at G8 Cybercrime Meetings in Tokyo OTC BB	leigh aulper	-	5/24/2001
3	These two news releases are just the start of good things to come J	j.oil	-	3/15/2001
2	Sentry Telecom's website is sentrytelecom.com CTI Diversified Holdings, Inc	leigh aulper	-	3/15/2001
1	From: bbruin@home.com (Barrie Einarson) To: bbruin@home.com (Bbruin) CTI	leigh aulper	-	3/14/2001

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