SSTY Opens Joint Offices With Affiliate of China's Ministry of Industry and Commerce
February 07 2006 - 1:23PM
PR Newswire (US)
BEIJING and PHILADELPHIA, Feb. 7 /PRNewswire-FirstCall/ -- Sure
Trace Security Corporation (OTC:SSTY) previously announced that its
joint venture partner, True Product ID Technology (Beijing) Limited
("TPiD"), a joint venture of its 85% subsidiary, True Product ID
Technology Limited, and Beijing Suneray Zexin Technology Limited,
has signed a cooperation agreement with the China Consumer Journal
which is a subsidiary company of the Ministry of Industry and
Commerce. Through the cooperation with the China Consumer Journal,
which also produces anti-counterfeiting labels similar to Brand315,
TPiD will work with the Ministry of Industry and Commerce to
provide them with SSTY's scanning and KMACK technologies. Under
that agreement, SSTY is to provide its proprietary solutions for
loss prevention and anti-counterfeiting purposes across an entire
spectrum of products and goods. Now the 315 System has said that it
also plans to use TPiD's technology to enhance other
anti-counterfeiting technologies themselves ... not just goods and
services. SSTY Chairman James MacKay stated, "Our technology will
now be used by the 315 System to provide individualized and
integrated anti-counterfeiting solutions to different industries
and products possessing different anti- counterfeiting
technologies, including digital, holograms and fabrics/textiles ...
in addition to our own S-DNA technologies." TPiD and the China
Consumer Journal have established a working group, in which each of
the two parties will assign staff to work jointly on the projects
and those offices have been set up inside the China Consumer
Journal's offices. 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. 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 of
Sure Trace Security Corporation, +1-215-972-6999, or Web site:
http://www.suretrace.com/
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