SSTY China JV Opens 3 New Labs
30 March 2006 - 5:45AM
PR Newswire (US)
BEIJING and PHILADELPHIA, March 29 /PRNewswire-FirstCall/ -- Sure
Trace Security Corporation (OTC:SSTY) (OTC:ONTV) (BULLETIN BOARD:
ONTV) announced that its joint venture partner, True Product ID
Technology (Beijing) Limited ("TPiD"), has officially opened a new
facility composed of three separate labs designed to process and
deliver the taggant utilized to mark the individual items in its
anti-counterfeiting technology. Three separate labs are used so
that no one facility possesses the entire formulae. Each lab only
handles a portion of the process for security reasons. James
MacKay, Chairman of SSTY, said: "We are very pleased to get these
facilities online and ready to deliver. The overall cost of the
labs was close to 1 million dollars, but the investment should be
well worth it. Now that they are completed, we have the present
ability to take and process orders in China according to our
projected demand. "I am also pleased to announce the completion of
the KMACK data center for China. With the completion of these
facilities and the hiring of Richard Bendis, the company is in the
position now to fully maximize the opportunities presented us in
China and the rest of the world," MacKay added. 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 as soon as possible. More
information will be provided to the public when circumstances
warrant. 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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