Sure Trace Security Corporation Announces New Contract in China for JV
27 January 2006 - 3:08AM
PR Newswire (US)
BEIJING and PHILADELPHIA, Jan. 26 /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
a major Chinese automotive parts distributor whose largest export
client is General Motors. Also the Company confirmed that the
scheduled Chairman's video will be available later today on its
website. 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/
Copyright