Sure Trace Security Corporation, Together With Its Joint Venture Partner, True Product ID (Beijing) Limited, Met With the Centra
October 31 2005 - 7:24AM
PR Newswire (US)
BEIJING and PHILADELPHIA, Oct. 31 /PRNewswire-FirstCall/ -- Sure
Trace Security Corporation (OTC:SSTY) participated today together
with its Joint Venture partner, True Product ID (Beijing) Limited,
in a meeting with The People's Republic of China's Central
Government. The meeting was held at the People's Hall, which is
connected to the People's Congress in Tiananmen Square, a very rare
honor presented to selective Chinese and even rarer still foreign
corporations. Tiananmen Square is symbolic of the very pinnacle of
political power in China, much like the White House is in the
United States. During the presentation, which was attended by more
than seventy (70) of China's political and security leaders
including: -- General Office of the State Council of PRC --
Division of Security of the Chinese People's Political Consultative
Conference (CPPCC) -- Division of Security of the National People's
Congress (NPC) -- Division of Security of the Central Guard Bureau
-- Organization Department of the CPC Central Committee -- State
Secrets Bureau of PRC -- China Banking Regulatory Commission --
Division of Security of the General Office of the CPC Central
Committee -- China Unicom -- State Patent Bureau of PRC -- The
Second Research Institute of the Ministry of Public Security -- The
Customs General Administration of PRC -- Division of Security of
Beijing Organizing Committee for the Olympic Games -- Bank of China
-- Zhongcheng Satellite Technology Center Co., Ltd. -- And numbers
of bureau-level cadres ... True Product ID demonstrated its
security solutions including S-DNA, its track and trace system -
KMACK, and the world's first Personal Biometric Fingerprint ID
system. The meeting is the culmination of months worth of effort
and organization to deliver a complete security package to the
people of China, setting a new world standard for document,
consumer product, and personal security solutions. Mr. William
Chan, CEO of both Sure Trace and Sure Trace Asia, stated, "Today
was far more than a mere milestone in our goal of providing a
superior security solution. Today we had and took the opportunity
to show some of the most powerful and important decision makers in
all of China how our combined technologies can benefit the people,
the economy in terms of jobs and taxes, and in fact the whole of
the world." Mr. Li, President, True Product ID, stated, "Over the
past few months we have held many presentations with various
corporations within China. Now that we have been accepted as a
security standard by the Central Government these corporations will
act quickly to participate in our project. I am proud of our
results and of the great effort and dedication shown by our staff.
I am also very happy for the People of China as what we offer will
improve their very lives." Mr. James MacKay, Chairman of SSTY, STA,
and True Product ID, in his opening remarks at the presentation
stated in part, "The fact we are all here today shows that the
Government of China is not just talking but in fact taking action
and leading the way to establish a world standard to fight crime in
the form of counterfeiting, identity fraud, and contra-band." 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 or , for Sure Trace Security Web site:
http://www.suretrace.com/
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