Sure Trace Security Corporation Announces New Contract in China for JV
February 02 2006 - 10:07AM
PR Newswire (US)
BEIJING, China, and PHILADELPHIA, Feb. 2 /PRNewswire-FirstCall/ --
Sure Trace Security Corporation (OTC:SSTY) announced that its joint
venture partner, True Product ID Technology (Beijing) Limited
("TPiD"), has signed another direct sales/revenue agreement in
China. In the transaction TPiD will provide its S-DNA technology to
the Palace Museum of China to mark the items in its collections.
Chairman James MacKay stated: "This contract again shows the wide
range of items that can be tagged and protected from fraud ... from
labels to precious antiques." Also the Company announced that
Company Chairman, James MacKay and President, Michael Cimino will
be jointly providing a video shareholder update from Philadelphia
within the following week. About Sure Trace Security Corporation
Sure Trace produces integrators for anti-counterfeiting and
security surveillance applications and is a provider of integrated
tracking devices. The Company intends to deliver turnkey solutions
for governments, armed forces, and industry, through its own
proprietary technology and through aggregating the technology,
products, and services of third parties via licensing agreements
and or joint ventures. For more information go to:
http://www.suretrace.com/. SAFE HARBOR STATEMENT: This news release
contains "forward-looking statements" that are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. "Forward-looking statements" describe future
expectations, plans, results, or strategies and are generally
preceded by words such as "future," "plan" or "planned," "will" or
"should," "expected," "anticipates," "draft," "eventually" or
"projected." You are cautioned that such statements are subject to
a multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those
projected in the forward-looking statements, including the risks
that our products may not achieve customer acceptance or perform as
intended, that we may be unable to obtain necessary financing to
continue operations and development, and other risks. No assurances
can be given that the Company shall receive the amounts stated in
this release. You should consider these factors in evaluating the
forward-looking statements included herein, and not place undue
reliance on such statements. The forward-looking statements are
made as of the date hereof and Sure Trace undertakes no obligation
to update such statements. In August 2005, the common stock of Sure
Trace was suspended from trading by the Securities and Exchange
Commission, but the suspension ended in accordance with the
securities laws after ten days. Management of Sure Trace is
currently working with the broker-dealer community and regulators
to permit quotations to be entered on the Pink Sheets as soon as
possible. More information will be provided to the public when
circumstances warrant. First Call Analyst: FCMN Contact:
michaelc@suretrace.com DATASOURCE: Sure Trace Security Corporation
CONTACT: Michael Cimino, President, Sure Trace Security
Corporation, +1-215-972-6999, Web site: http://www.suretrace.com/
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