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Sure Trace Licenses Additional Technology For Use In China; Company Also Offers Details Of Previous Acquisitions; Hires CFO Business Wire - July 27, 2005 12:04
PHILADELPHIA, Jul 27, 2005 (BUSINESS WIRE) -- Sure Trace Security Corporation (OTC:SSTY) has today announced that, it has entered into a binding agreement with Sensor Media Corporation (Sensor) through its subsidiaries, to utilize Sensor's licensed technology in China, Hong Kong and Macau. It has also been granted the sole option to acquire Sensor's three subsidiaries described below within 120 days of the execution of the agreement upon mutually acceptable terms.
Sensor has indicated that it owns the Intellectual Property rights to various technologies which include solar collection systems, fingerprint imaging systems, and TV back-Plane systems. These technologies are held through Sensor's subsidiaries -- SMC Solar, SMC Biometrics and SMC TV. Sensor has licensed worldwide exclusive manufacturing and distribution rights for these technologies and has granted exclusive sub-licenses to its three wholly owned subsidiaries.
Sensor's subsidiaries (SMC Solar; SMC Biometrics; and SMC TV) have, in turn, granted SSTY an exclusive sub-license to utilize, market and also sub-license these technologies within certain territories and on the terms described below:
SMC Solar: Exclusive rights in China, Hong Kong & Macau (for solar collection technology). (a)
SMC Biometrics: Exclusive rights in China, Hong Kong & Macau (for fingerprint imaging technology). (b)
SMC TV: Exclusive rights in China, Hong Kong & Macau (for TV back-Plane technology). (b)
(a) After 120 days from the execution of the Agreement, the rights will become worldwide except for the following territories, where SMC already has existing contracts: Japan, Australia, New Zealand, Europe, Soviet Union and Africa). (b) After 120 days, the rights will become worldwide.
Also, in response to inquiries from its shareholders SSTY wanted to clarify the details and chronology of the Globe Staff and Sensor acquisitions.
SSTY previously announced letters of intent with SMC Biometric and Globe Staff Consulting (GSC). Since then, SSTY chose to concentrate its efforts in closing its deal with Suneray Beijing, and then using the connections developed/introduced through Suneray to build markets for the SSTY, SMC Biometric and GSC products/technologies.
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this is really great news, this could really start to move tomorrow, this company has alot going for it in china and there homeland security as well....
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Old News but good for I think we have hit bottom on this...nowhere to go but up
CORRECTING and REPLACING Sure Trace To Focus On Terrorism Concerns; Company Sees Itself As ''Being In The Right Place...At The Right Time''
By BusinessWire Last Update: 7/12/2005 10:34:02 AM Data provided by
PHILADELPHIA, Jul 12, 2005 (BUSINESS WIRE) -- Please replace the release with the following corrected version due to multiple revisions.
The corrected release reads:
SURE TRACE TO FOCUS ON TERRORISM CONCERNS; COMPANY SEES ITSELF AS "BEING IN THE RIGHT PLACE...AT THE RIGHT TIME"
Sure Trace Security Corporation (SSTY) is developing a series of demonstrations of its suite of technologies in order to address the concerns of governments, companies and individuals in the wake of the recent terror bombings in London.
Michael Cimino, the Company's President said, "We recognize that our anti-counterfeiting and tracking technologies, when combined into a single multi-faceted approach, can offer unique means of both tracking the location of and verifying the authenticity of items such as containers and currency and many other objects in between."
Recently, its GSC subsidiary has conducted successful demonstrations of its Globe Track technology with two major international security companies tracking the second-to-second location of armored currency transports, on a real time basis. "Imagine if a container could be marked from its point of departure and then tracked, en-route to its final destination where it could also be verified as to its identity," said Jim Mackay, the Company Chairman.
The Company is currently exploring the creation of a series of demonstrations to effectively turn this vision into an effective presentation for interested parties.
About Sure Trace Security Corporation
Sure Trace is one of the premier systems integrators for anti-counterfeiting and security surveillance applications and a world-class provider of integrated tracking devices. The company intends to deliver turnkey solutions, both onshore and offshore, 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: www.suretrace.com.
Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements, by definition, involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Sure Trace to be materially different from the statements made herein.
SOURCE: Sure Trace Security Corporation
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Haven't done a lot of DD however much news has been flowing in and its just within weeks for the progress to show in there pps. I know the float is small and with some #'s released we could be back to penny land very quickly
Check the news and you'll see they've done everything promised and in timely fashion
SureTrace Announces New Management Team; New President and New Chief of Operations Added - Team Plans to Return to OTC:BB with All Due Speed and to Increase Shareholder Value 5/26/2005 1:44:02 PM
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does any one know what the accrate O/S and float is for SSTY , on pink sheets it say O/S 198 mil as of 2002 don't know if this is correct. thanks
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Sure Trace China Joint Venture Receives Governmental Approval; Live Television Demo Planned Business Wire - July 29, 2005 09:58
PHILADELPHIA, Jul 29, 2005 (BUSINESS WIRE) -- Sure Trace Security Corporation (OTC:SSTY) is pleased to announce that it has fully satisfied all the steps required by the Chinese government, both financial and technical, and has gained official approval of its joint venture, Sure Trace Technology (Beijing) Limited (the "JV"). The official signing, ratifying the venture company, took place in Beijing yesterday. In an unusual step, the official signing ceremony was carried live on the government owned national television station.
James Mackay, the Company's Chairman said, "After many months of often intense efforts, I am extremely pleased to finally announce that our technology has qualified and that the Company has met all financial requirements."
Additionally, the Company has announced that within the next week, in Beijing, it is planning a public demonstration of the JV's technology which will also be telecast live on Chinese national television.
About Sure Trace Security Corporation
Sure Trace is one of the premier systems integrators for anti-counterfeiting and security surveillance applications and a world-class 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: www.suretrace.com.
Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements, by definition, involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Sure Trace to be materially different from the statements made herein.
SOURCE: Sure Trace Security Corporation
Sure Trace Security Corporation by De Jong & Associates Ron de Jong, 760-943-9065 email: ron@dejong.org
Copyright Business Wire 2005
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we'll easily see 200 mil. Guess its just you and me on this data...eveyone already played this in the past and got burned so they didn't read the news or track it for that matter This should definately run into Mon. But I think I'm going to exit on Mon. and get back in Ivoc.....its not good to be to greedy with these stocks.....still holding a mil. though sold 300k at .0027 They bought at the ask
-------------------- EVERY Day ABOVE GROUND is a GREAT DAY!!!
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up to .0032 shooting for the 1/2 penny right now,i think the penny will come,, company has a lot going for it.. china is big money, plus the homeland division ,, imho
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