1







                                                                    Exhibit 21.1



Subsidiaries of CTI Diversified Holdings Inc., a Delaware Corporation:


o    Cobratech Industries Inc., formerly Cobra Energy Ltd, a British Columbia
     corporation, has two wholly owned subsidiaries:

     o    Cobratech Industries Limited ("CTIL"), is a Hong Kong Corporation.
          CTIL was incorporated on November 12, 1999 and was established
          primarily for the distribution and marketing of the Company's
          e-security, IT, and ASP products and services into the Hong Kong
          market. CTIL has two wholly owned subsidiaries, Cobratech Industries
          Japan Limited ("CTIL Japan"), a Japan Corporation and IT Transit
          Limited ("IT Transit"), a Hong Kong Corporation.

          o    CTIL Japan was incorporated in July 2000 and was established
               primarily for the distribution and marketing of the Company's
               e-security, IT, and ASP products and services into the Japanese
               market.

          o    IT Transit was acquired on January 31, 2001 and is a professional
               services firm, delivering secured wireless IPsec-based VPN and
               infrastructure solutions, web-hosting, PKI and ASP services, with
               clients in both Hong Kong and Singapore. IT Transit was acquired
               to assist the Company in deploying its complete end-to-end
               security solutions to the Asian marketplace and to grow our
               product and services offerings. The Company acquired 100% of the
               total issued and outstanding shares of IT-Transit for US
               $250,000.