Solution Technology International Activates 'Export Maryland' Grant
October 30 2007 - 10:30AM
PR Newswire (US)
MCHENRY, Md., Oct. 30 /PRNewswire-FirstCall/ -- As part of the
Company's international sales and marketing program, Solution
Technology International, Inc. ("STI") announced today it has
activated an "Export Maryland" Grant awarded to STI earlier this
year by the State of Maryland to identify and engage in
"high-level" meetings with organizations to secure clients,
resellers and IT partners for its reinsurance support environment
throughout the Chinese and Singapore markets. Dan Jonson, President
& CEO stated, "The competitively awarded Grant was provided by
the Maryland Department of Business & Economic Development to
promote STI's sales and marketing effort throughout the Asian
market, which presently is conducted in cooperation with the
Maryland China Center, Shanghai and the US-ASEAN Business Council
in Singapore. Both organizations are providing valuable assistance
with market research, introduction to, and initial due diligence of
the targeted business opportunities. In addition, the Commercial
Service Department of the U.S. Embassy in Singapore has offered to
arrange for STI meetings to which selected insurance and
reinsurance companies in the region will be invited by the Embassy
to learn about the SurSITE(R) solution. An invitation by the U.S.
Embassy would most likely receive more attention from prospective
customers than STI alone would receive as we are building a market
presence in this fast growing region." Mr. Jonson stated further,
"The Chinese and Southeast Asian markets offer significant
opportunities for insurance and reinsurance related support systems
like STI's SurSITE(R) Reinsurance Platform, which we now actively
introduce to targeted potential clients, resellers and IT partners
in China and Singapore." About STI STI, a software product company,
offers SurSITE(R), a reinsurance processing system that helps an
insurance or reinsurance organization to facilitate and support
critical reinsurance back-office business processes and efficiently
manage complex reinsurance contract combinations throughout the
entire reinsurance contract workflow, from assumed and ceded to
retroceded business. Common stock of the Company is listed on the
OTC Bulletin Board; trading symbol STNL. For more information about
STI and the SurSITE(R) solution, please visit
http://www.sursite.com/. SAFE HARBOR STATEMENT: THIS NEWS RELEASE
MAY INCLUDE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF
SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES AND
EXCHANGE ACT OF 1934, AS AMENDED, WITH RESPECT TO ACHIEVING
CORPORATE OBJECTIVES, SUCCESSFUL DEPLOYMENT OF ITS ENTERPRISE
SOFTWARE AND/OR OTHER MATTERS. THESE STATEMENTS ARE MADE UNDER THE
"SAFE HARBOR" PROVISIONS OF THE UNITED STATES PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995 AND INVOLVE RISKS AND UNCERTAINTIES
WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN
THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN. THESE FORWARD-
LOOKING STATEMENTS ARE BASED ON MANAGEMENT'S EXPECTATIONS AS OF THE
DATE HEREOF, AND STI DOES NOT UNDERATKE ANY RESPONSIBILITY TO
UPDATE ANY OF THESE STATEMENTS IN THE FUTURE. SEE STI'S FORM 10-QSB
FOR THE QUARTER ENDED JUNE 30, 2007 FOR A DISCUSSION OF SOME OF THE
RISKS, UNCERTAINTIES AND OTHER FACTORS WHICH NECESSARILY QUALIFY
ALL STI'S FORWARD-LOOKING STATEMENTS. DATASOURCE: Solution
Technology International, Inc. CONTACT: Dan Jonson,
+1-301-387-6900, Ext. 103 Web site: http://www.sursite.com/
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