Sure Trace Security Corporation Announces Agreement With Innov-X Systems, Inc.
November 04 2005 - 11:45AM
PR Newswire (US)
Innov-X's Grants Exclusive Worldwide Rights to Sure Trace for Its
Scanners for Use in Connection With Sure Trace's SDNA Solutions
BEIJING and PHILADELPHIA, Nov. 4 /PRNewswire-FirstCall/ -- Sure
Trace Security Corporation (OTC:SSTY) announced that it has signed
an agreement with Innov-X Systems, Inc., wherein Sure Trace has
agreed to utilize Innov-X's Scanners for use in connection with its
SDNA solutions on a worldwide exclusive basis and Innov-X has
agreed to make the XRF Scanners for Sure Trace on an exclusive
worldwide basis. Initially, Innov-X will manufacture/assemble the
Innov-X XRF elemental Scanners, software and related intellectual
property (including all enhancements and revisions/redesigns
thereto) in its present facilities in the US, however due to the
anticipated increase in the volume of Scanners required, Innov-X
will set up a manufacturing operation in China for the sole purpose
of producing Scanners for delivery to Sure Trace and its
China-based clients. The units will be private labeled under the
True Product ID brand name and can be designed/redesigned by
Innov-X in conjunction with Sure Trace to fit its specific clients'
needs. The manufacturing of Scanners in China goes into effect
after Sure Trace meets certain order minimums, which the Company's
management feels it will presently achieve. 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, +1-760-943-9065, email: , for Sure Trace Security
Corporation Web site: http://www.suretrace.com/
Copyright