Sure Trace Security Corporation Announces Cooperation Agreement With Brand315.com in China
October 20 2005 - 7:30AM
PR Newswire (US)
Deal Was Signed Via Its Chinese Operating Subsidiary, True Product
ID Technology (Beijing) Limited BEIJING, China and PHILADELPHIA,
Oct. 20 /PRNewswire-FirstCall/ -- Sure Trace Security Corporation
(OTC:SSTYOTC:-OTC:News) announced that True Product ID Technology
(Beijing) Limited, formerly Sure Trace Technology (Beijing)
Limited, a 50-50 JV of its 85% Subsidiary, True Product ID
Technology Limited, formerly known as Sure Trace Asia Limited
(STA), and Beijing Suneray Zexin Technology Limited has completed a
cooperation agreement with The National Brand Cartel
Anti-Counterfeit Cooperation Network - Brand315.com. Brand315.com
is established under the authorization of the Ministry of Quality
Supervision, Inspection and Quarantine of the People's Republic of
China. It is a network introducing anti-counterfeit technologies,
services and law enforcement for branded products. In attendance at
the signing of the agreement were Mr. James MacKay, Chairman of
SSTY; Mr. Li Ning, President of True Product ID Technology
(Beijing) Limited; Mr. Zhao Zeyuan, director of the Brand
Protection, China National Joint Rights Maintenance Cooperation
Network of Brand Enterprises; Mr. Qi Xuan, secretary-general of
China Association for Technical Supervision Information. The
signing ceremony was held on September 28, 2005 at the China
National Institute of Standardization. Due to a national holiday,
the finalization of all required documentation was not completed
until recently. In the ceremony, speeches were made by Mr. Qi Xuan,
Mr. Li Ning and Mr. James Mackay. Mr. Qi Xuan awarded the JV, True
Product ID Technology (Beijing) Limited with an honor certificate
of "Promotion Unit of Anti-counterfeiting Technologies Application
Designated by Protected Key Brands of China National Joint Rights
Maintenance Cooperation Network of Brand Enterprises Market
Inspection System". Mr. Qi Xuan also awarded Mr. James Mackay with
a letter of appointment as the "Vice Chairman of China National
Joint Rights Maintenance Cooperation Network of Brand Enterprises".
Mr. James Mackay was named Vice Chairman of Nation Brand 315
Cartel. Brand315 provides security labels to the top 600 of China's
national brands. Their clients cover all areas of consumer goods
and collectively their clients distribute substantially into the
billions of units of goods. In step with the Peoples Republic of
China Government' initiatives to stop counterfeiting and
contraband, Brand315 has been searching for technology to augment
its current products. Management of SSTY believes that SSTY's S-DNA
brand protection technology works well with Brand315 label systems
as S-DNA can be easily applied to the labels. Mr. Li, President of
True Product ID Limited stated, "We are very proud of this
agreement. We view Brand315.com as a perfect partner for True
Product ID as they already have a strong business relationship with
many of China's major Brands and give True Product ID a tremendous
opportunity to close business quickly." Mr. James Mackay added,
"Brand315.com has the full support of the Government of China. Both
the Government and the Brands are committed to stopping
counterfeiting and together we offer a powerful solution at an
affordable price." In other news, SSTY has commenced the search for
a Chief Operating Officer for its Chinese operation. As part of its
search, SSTY has updated its web pages to include a Jobs and
Careers section as SSTY anticipates the need for additional staff
to meet its obligations to support the efforts of STA and its Joint
venture Partner, True Product ID. 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/ . The common stock of Sure Trace was
recently suspended from trading by the Securities and Exchange
Commission, but the suspension has ended by its own terms.
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. 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. DATASOURCE: Sure Trace
Security Corporation CONTACT: Ron de Jong of De Jong &
Associates for Sure Trace Security Corporation, 760-943-9065, Web
site: http://www.suretrace.com/
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