Amersin Enters Into Strategic Licensing Agreement With Starcomm Technology
NEW YORK (EWORLDWIRE) Feb 28, 2007
Amersin Life Sciences Corporation (to be known as Golden Trust Group, Ltd. in accordance with a previously announced name change) trading on the pink sheets under the trading symbol AMLS (pending a new trading symbol and CUSIP number following the previously announced name change) today announced that the company has entered into a license agreement with Starcomm Technology Ltd., a Hong Kong-based company with offices in Wuhan, China, to exclusively market and implement a unique technology in Mainland China.
This technology combines an integrated circuit with a bank debt or credit card allowing drivers to make payment through bank machines or a website. It provides portable electronic point of sale (POS) devices for traffic control personnel in the field. The technology provides an effective solution for the collection of traffic penalties through the wireless network. It also creates an opportunity to introduce many value added services for drivers, such as car insurance sales, advertising, cellular phone text message and other recurrent revenue streams..
In exchange for the exclusive license right to China including various other standard terms and conditions, and the right to receive all subsequent improvements to the technology, Golden Trust Group, Ltd will issue 5,000,000 of its newly authorized Class A Preferred shares and 5,000,000 shares of its common stock.
Mr. Reid Li, President of Golden Trust, commented, "This agreement provides Golden Trust an exclusive opportunity to deploy this payment system into the China market, with its rapidly growing base of 150 million
drivers. We are pleased that the company has formed a strategic alliance with Starcomm Technology Ltd as its exclusive licensee in China and will restructure the company's management in the near future to take advantage of this tremendous opportunity. We expect to announce the roll-out the service into the first city in the very near future and that subsequent announcements will follow."
About Golden Trust Group Ltd.
Golden Trust Group Ltd. is a Nevada Corporation, previously known as Amersin Life Sciences Corporation. Its common stock is traded over the counter on the pink sheets under the trading symbol AMLS. It is
anticipated that, pursuant to the previously announced name change, a new trading symbol and CUSIP number will be issued at which time management will notify shareholders through an additional news release.
Forward Looking Statements:
Safe Harbor statements under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward looking statements that
involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products and prices and other factors discussed in the company's various filings with the Securities and Exchange Commission.
John B. Frohling, Esq.
Phone: (973) 622-2800
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for Amersin Life Sciences Corporation
Source: Eworldwire (February 28, 2007 - 2:16 PM EST)
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