Sure Trace Signs Agreement to Form Joint Venture With U.S. Company That Has Been Providing Security Solutions for Over Twenty Ye
October 18 2005 - 9:33AM
PR Newswire (US)
JV Partner Will License Rights to Their Proprietary and Licensed
Technology, for Authentication, Anti-counterfeiting, Tracking and
Tracing Systems PHILADELPHIA, Oct. 18 /PRNewswire-FirstCall/ --
Sure Trace Security Corporation (OTC:SSTY) announced that its
Chinese operating subsidiary, True Product ID Technology Limited,
formerly Sure Trace Asia Limited, has, on October 4, 2005, signed
an agreement with Gary Metzger, President of Amco Plastic Materials
Inc. of Farmingdale, New York, to form a joint venture (JV) to
utilize their anti-counterfeiting/authenticating systems in the Far
East. Amco currently provides security solutions for worldwide use
and deals with well-known public and private organizations. Amco is
prohibited from mentioning publicly the exact identities of these
customers. Amco's President, Gary Metzger, will also sit on the
Advisory Board for both True Product ID Technology Limited and True
Product ID Technology (Beijing), formerly Sure Trace (Beijing).
James Mackay, STA's Chairman, said, "Amco's technology further
enhances our existing suite of technologies and will allow us to
reach the market in a relatively short period. We are also pleased
that Mr. Metzger has agreed to sit on our Advisory Board. He will
also bring both contacts and years of operational experience to the
company." Founded in 1955, Amco distributes and produces custom
compounds, dry color, additives and master-batches and
anti-Counterfeiting taggants and technologies. Amco offers unique
anti-counterfeiting taggants and taggant combination technology,
including additives and master-batches for the system and the
scanner system and software, to make finished products difficult,
if not impossible to counterfeit. 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 stock of Sure Trace has recently
been suspended 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.
Contact: Sure Trace Security Corporation by De Jong &
Associates Ron de Jong, 760-943-9065 email: DATASOURCE: Sure Trace
Security Corporation CONTACT: Sure Trace Security Corporation by De
Jong & Associates, Ron de Jong, +1-760-943-9065 or Web site:
http://www.suretrace.com/
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