SSTY Announces NASD Sets Ex-Dividend Date for ONTV/TPID Shares
May 08 2006 - 3:19PM
PR Newswire (US)
BEIJING and PHILADELPHIA, May 8 /PRNewswire-FirstCall/ -- Sure
Trace Security Corporation (OTC:SSTY) today announced that it has
received written confirmation from the NASD that the NASD has
officially set May 23, 2006 as the ex-dividend date regarding the
ONTV/TPID share dividend to SSTY shareholders. The date set by the
NASD requires that the Company's transfer agent mail the dividend
shares on May 22, 2006. The Company had requested an earlier date,
however, Securities Transfer Corporation (STC), the transfer agent
for SSTY, requested the later date because it felt it needed the
additional time to effectuate an orderly transition from
ONTV/TPID's previous transfer agent and to then prepare for the
mechanics of the dividend process. SSTY had recently changed the
transfer agent of record for ONTV/TPID to STC because the Company
felt that the dividend process would be better coordinated and
executed if the same agent handled both the issuance of the
dividend, the forward split, the name change, the symbol change and
the delivery to SSTY and ONTV/TPID shareholders. About Sure Trace
Security Corporation Sure Trace produces integrators for
anti-counterfeiting and security surveillance applications and is a
provider of integrated tracking devices. ONTV, Inc./True Product ID
(TPID) (OTC:ONTV) (BULLETIN BOARD: ONTV) , is a majority- owned
subsidiary of Sure Trace Security Corporation (OTC:SSTY) which, via
a license from Sure Trace, delivers turnkey solutions for
governments, armed forces, and industry, through proprietary
technology and through aggregating the technology, products, and
services of third parties via licensing agreements and/or joint
ventures. In addition to a license from SSTY, TPID will also be
providing the day-to-day operational duties and R&D for SSTY's
wholly owned subsidiary, Globe Staff Consulting Corp. (Pink Sheets:
PSRE). 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 of Sure Trace Security Corporation,
+1-215-972-6999, or Web site: http://www.suretrace.com/
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