Sure Trace Security Corporation
Pink Sheets : SSTY

Sure Trace Security Corporation

June 28, 2005 13:26 ET

Sure Trace Update To Shareholders

PHILADELPHIA--(CCNMatthews - Jun 28, 2005) -

Sure Trace Security Corporation (OTC:SSTY) is pleased to address the shareholders with an update and provide some history on the developments of the company's ventures.

Sure Trace has spent a tremendous amount of time pursuing a Chinese patent for Sure Trace's anti-counterfeiting solution. China is the largest economic powerhouse in Asia in terms of manufacturing and potential growth. Sure Trace is investing a majority of its efforts into this patent application process. Management believes the success of this application will position its Joint Venture to potentially establish a standard for anti-counterfeiting. Our Chinese counter part, Suneray has indicated to our management that upon the successful completion of the patent application and approval from the Chinese government, several companies will be positioned to begin exploiting the joint venture solution.

Sure Trace is a United States company doing business in China, which was presented this opportunity for a Joint Venture by William Chan, who established the relationship with Suneray of Beijing, China. William Chan has been very instrumental in establishing our foothold in China and the concept and idea of applying for the patent application in China. Due to the tremendous success other companies have had with leadership of Mr. Chan, Sure Trace has followed his advice in the structure of the Joint Venture.

Q and A from several shareholders:

Q: Why do the Chinese want to do business with Sure Trace?

A: Sure Trace's solution has two main proposed benefits (1.) provide an economic model for the Chinese government to use the elemental tagging for tracking and taxation purposes; and (2.) provide a cost-effective and reliable commercial solution to companies manufacturing in China for brand protection.

Q: What is the reality of the Solution?

Sure Trace believes the delivery of this solution is real. Chairman Jim MacKay has moved to Beijing to oversee the implementation of our products and services. Mr. MacKay is working everyday with Suneray Corporation on completing the necessary steps to have the patent application approved and commence the roll-out of the commercial application of the solutions. Mr. Cimino is overseeing the final submission. Over the last month Sure Trace has made demonstrations with Innov-X of our system in China which we believe have gone very well. The Company's demonstration team was well received and their presentation has put us in a position to complete the patent application.

Q: Are there any North American initiatives?

Yes, upon hiring Michael Cimino, Sure Trace has gained leadership intended to develop the North American and other world markets. These markets may be approached differently than our Chinese model. In addition to direct distribution and/or delivery, Sure Trace is exploring sub-licensing as an alternative to our overseas model.

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.

Contact Information

  • Sure Trace Security Corporation
    by
    De Jong & Associates
    Ron de Jong, 760-943-9065
    ron@dejong.org