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Thanks gwilkley, hopefully they will identify these entities in their 10k.
You would think that sljb would want to disclose just exactly who these paretnt companies are. Do they really exist is my question.
Just curious, has anyone on this board found any dd on Wessel or Red Sea Group outside of sljb pr's or any dd that connects either company to sljb? I have tried every type of search and the only thing I can find on them is associated with a sljb pr.
My opinion there is enough pump on this board and someone with chart analysis skills adds a more rounded view of the stock. Whether he is right or wrong, what is wrong with someone posting their chart analysis. I beleive that the sp is going up with audited financials that is a no brainer. I am also interested in what the short term trend is I welcome his thoughts and any other opposing views from other chart people.
I think it would be timely for the company to identify just which Red Sea Group they are associated with. They are leaving us dedicated investors with incomplete information.
Hey bob are you sure you have the right Red Sea Group. Afterall there are about a dozen of them. LOL
.077 - .095
RC You have friends who own millions of shares and I think it would be worth it for them to put up 2k and pay for some dd. Any new info that has not been found yet would be appreciated.
I would like to see audited financials in 2 weeks but the reality is with SOX, it could take longer, I think it will happen, but if it does not happen in exactly two weeks, people will freak out.
That works for me. eom
Even if there are big block trades, it looks like the pattern changed, we actually went up on news. What a concept! Good luck.
Bid .08 ask .085. My prediction is we test .10 today without a pr. With a pr we could go past .10
Bid .067 ask .074
Great start for the day! IMO the news everyone was expecting on Friday will probably come today. All the people sitting on the fence want to get in before the news comes out!!
Published: 05/21/2006 12:00 AM (UAE)
Building material prices may rise further
Staff Report
Dubai: Prices of building materials have climbed 10 to 30 per cent over the past two months, with strong indications of a further rise in the coming months, due to a combination of local and international factors.
Building materials suppliers in Dubai say the unprecedented rise was caused by factors like higher freight charges triggered by increased fuel prices, restrictions on log cutting imposed by countries like Malaysia, Indonesia and Burma, 10 per cent appreciation in the euro and increased local demand due to frenetic construction activity.
According to Rizwan Sajan, Chairman of Dubai-based Danube Building Materials FZCO, over the past two months prices of commercial plywood rose from $315 per cubic metre to $410 cubic metre.
Red Meranti, another key building material, climbed from $450 to $550 per tonne, while MDF rose from $215 per cubic metre to $240 per cubic metre.
"This has caused a severe crunch on the construction industry," said Rizwan.
"To make matters worse, restrictions on log cutting by some countries could lead to an acute shortage in supply in the coming months. Contractors are reacting by securing their supplies, in anticipation of adverse developments."
Rizwan, whose company is one of the major suppliers of building materials to the construction industry in the region, says the present scenario calls for a cautious approach by contractors.
"One solution is to ensure that contractors incorporate a clause wherein they protect themselves against unprecedented price increases," advises Rizwan. "This applies very strongly to the UAE where a large number of gigantic construction projects are underway, and dramatic price spirals in building materials could upset the equation badly."
http://archive.gulfnews.com/articles/06/05/21/10041351.html
Building Materials Trading Group Elect the Chairman
http://www.dcci.ae/contents.asp?Page=news1143&cookie%5Ftest=1
Dubai Commercial Directory Enquiry
http://www.dcci.ae/bizdirsearchdetails.asp?GeneralInfo%2EMemberNumber=79552&SourcePage=bizdirsea...
That weekly chart makes a nice cup with handle!
Trying to find some info on the Nevada Secretary of State site. All I could find is this. It appears that they have not updated the information yet, Leo Joseph Meloche is still retistered as president instead of Petar Vucicevich. Maybe they filed new information on Friday and we will see an update on Monday. Does anyone know if assets would be registered under this website.
Search Results Nevada Secretary of State
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpSearch.aspx
Business entity information
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=3jTAXTqYdC80kvn1T3%252fB8Q%253d%253d
Corporate actions
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/corpActions.aspx?lx8nvq=3jTAXTqYdC80kvn1T3%252fB8Q%253d%253d&CorpName=SULJA+BROS.+BUILDING+SUPPLIES%2c+LTD.
Ameritrade has bid .07 ask .20. Looking forward to next week. Let the party begin.
My ameritrade account now has sljb with a quote trend. Usually the only stocks that have a quote trend are otcbb stocks or ones on a higher exchange. Anyone else see this change?
That would be me. Ryan told me about this stock but I missed the first run from the double zeros, I got in at .02 and held it for a while but sold before the second run to .04. I just bought back in at .05 and holding 200k shares till it gets to dollarland. Good luck Kevin
Agreed, I thought the website was an excellent addition to the dd that has already been done here. Why some people think there is a shady motive is funny. ROTFLMAO!
Relax softparade, rc is my nephew, he is just a shareholder like you and I. His intentions are to share information on this stock with fellow shareholders. He just decided to put all of it together on a website. There is nothing shady about it at all. Sheesh!
rcsundevil put it together for the benefit of us shareholders, nobody authorized it.
Wow 1500 visitors, it just may be the biggest thing this weekend that will turn the tide on this stock. The website will create a lot of new interest in the stock. Looking forward to a profitable week.
I agree sub, great work that rcsundevil did. Of course I am bias a little, he is my nephew. He got me into this stock. I think we have a real opportunity here. It will be a little turbulant until we get uplisted but it will be worth the wait. Good luck.
Way to go rcsundevil, 526 visitors on your site today. Good job!
He does consider that scenario with 500 million outstanding in his analysis.
Based on 2006 Financials ($.0520 earnings-per-share/500,000,000 outstanding shares)
PE Ratio
Share Price
Sulja Bros. Building Supplies, Ltd. (SLJB)
10
$0.52
20
$1.04
30
$2.08
Based on 2007 Pro Forma ($.1879 earnings-per-share/500,000,000 outstanding shares)
PE Ratio
Share Price
Sulja Bros. Building Supplies, Ltd. (SLJB)
10
$1.88
20
$3.76
Could this be what the SLJB management is seeing? ->
30
$5.64
Great job rcsundevel, couldn't have done better myself! Put together very well. I think there are lots of new investors who are not aware of the history of loftworks and all the connections with our affiliates. Your site clearly shows the potential for Sulja Bros. Kudos!!!
Good morning Sub, any guess on the pps today?
Yep they will try to hold it down and shake it, when that doesn't they will have to start buying and let it run till they buy up all the short shares.
It looks like ameritrade got their shares from the t/a, if everyone got their shares then the squeeze is on. Margin call!!!
This is fun. eom
Good morning Sublime, long time no see! Great to see you in on this one. Good luck!
They will be buying back in next week if they haven't already.
I agree with you, there is a lot to beleive in. The daytrader you talked about, I'm sure there will be more day traders that decide to hold instead of flip, that will also keep the pps strong. Sometimes you see a stock that just takes off and never looks back, never has to go back and fill in huge gaps. The question on all of the long's minds is when will the bagholders start to bail or will they decide to keep the stock since it is really a new company now with much more potential than Loftworks had a year ago. If they have done their dd they may hold and we blow past .25 and .35 and start making new highs every week. You would think that anyone who had a considerable amount of money in the stock would have been following the company lately and if so they will hang in there. I don't think that there are many people around anymore that bought a year ago at .25, they would have sold somewhere on the way down. I think most of the current shareholders are the ones who have been in it since in made it's run from .0025 to .045. Since that was just in the last 6 months I don't think there will be a mass exit at .25, we will blow past it. JMHO
I've been lurking on this board for the past week, picked up 191k shares last week at average .055 and will try to round that off to 200k tomorrow morning. I bought this stock after it settled from it's run from .0025 to .045, I patiently waited until april to buy in at .025, I made the mistake of selling before the .038. My nephew recently brought this back to my attention. After seeing what's going on with the merger and the various companies involved not to mention the projects in the Middle East. My opinion is this is a rare pinky that has real assets, real players instead of crooks. A very unique opportunity for us.
My guess is we gap tomorrow morning at .08 to .09 within 10 minutes then we will blow past .10 easy in the first hour of trading. IMO we will pass the 52 week high soon, maybe next week if financials come out and they raise many eyebrows. Regardless of what the financials look like now, in the next 3 quarters, considering all the projects and possible mergers, this could go easily into the $5 range in a year. Just my opion!
Thanks for all the good dd.
Good Luck
OTCBB Changes
13:30 07/31/2006 LFWK Loftwerks Inc Common Stock SLJB Sulja Bros. Building Supplies, Ltd. Common Stock
http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=NON-OTCBB&d=07/28/2006
Thanks westeffer, I'm feeling great nowdays, the only thing that is keeping ssty in the .002 range is the grey market, it should be worth at least .015 today or more. Look at hisc, that company has way over a billion shares and has been up to .07 in the last year, their security products do not even compare with ssty. You could see .05 or in your case 750k by years end on your ssty shares, providing contracts in China get done.
SSTY - The Foundation and the accomplishments since August 31st 2000
On August 31, 2000, the Company acquired all of the issued and outstanding shares of common stock of Cormax Business Solutions, Ltd.
On January 29, 2003, the Company acquired all of the issued and outstanding shares of Identification Technologies Inc., a private Alberta corporation ("Identex"), in exchange for 1 million shares of the Company's Series B Preferred Stock. Immediately following the acquisition of Identex, the Company changed its name to Sure Trace Security Corporation.
(4/15/2004)
Code of Ethics
For Senior Financial Officers
And the Principal Executive Officer of:
Sure Trace Security Corporation
5/26/2005 Mr. Michael Cimino is retained as the new President and Vice-Chairman. Mr. Cimino, will coordinate and oversee the structure of any resulting relationship between the company and its Chinese partners.
Sure Trace Team En Route to Beijing, China; Group Includes Chairman, New Head of Operations & Sales, CTO and Other Outside Technical Advisors - Multiple Demonstrations Planned
May 27, 2005
PHILADELPHIA--(BUSINESS WIRE)--May 27, 2005--Sure Trace Security Corporation (OTC:SSTY) has today announced that, in response to a request from our Chinese associates, it is dispatching its presentation team to Beijing, China. The Chairman is already en route and plans to stay in China, at the request of our hosts, for an extended period of time, in order to be the company's cultural liaison as the parties take the first steps in building what the company hopes is a long term relationship.
Sure Trace Strengthens Chinese Connection; Company Increases Its Equity Stake In China Joint Venture Vehicle; Sure Trace Asia Ltd. To Become Wholly Owned Subsidiary
June 17, 2005
PHILADELPHIA--(BUSINESS WIRE)--June 17, 2005--
New CEO Added; China Demos Successfully Completed
Sure Trace Security Corporation (OTC:SSTY) (the "Company") announced that, because of its completion of a highly successful demonstration of the Company's capabilities in Beijing, China, it has been able to reshape the framework of its China joint venture. The Company will now hold a majority interest in the joint venture vehicle as opposed to a minority position.
The vehicle, Sure Trace Asia Ltd. (STA), will become a subsidiary of SSTY. The Company will now own 85% of STA instead of 40%. STA and Beijing Suneray Communication Co. Ltd. (Suneray) have an exclusive relationship to bring the Company's technologies into China, Macau & Hong Kong. The joint venture will share the costs and profits on a 50/50 basis.
China Joint Venture Meets With 2008 Chinese Olympic Officials; Sure Trace Completes Globe Staff Acquisition; Acquisition Restructured; Company Issues Restricted Shares As Purchase Price
July 12, 2005
PHILADELPHIA--(BUSINESS WIRE)--July 12, 2005--Sure Trace Security Corporation (OTC:SSTY) is pleased to announce that it has completed the acquisition of Globe Staff Consulting (GSC).
Sure Trace Licenses Additional Technology For Use In China; Company Also Offers Details Of Previous Acquisitions; Hires CFO
July 27, 2005
12:04 ET PHILADELPHIA--(Business Wire)--Jul 27, 2005--
Sure Trace Security Corporation (OTC:SSTY.u) 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 threesubsidiaries described below within 120 days of the execution of the agreement upon mutually acceptable terms.
Sure Trace China Joint Venture Receives Governmental Approval; Live Television Demo Planned
July 29, 2005
09:58 ET PHILADELPHIA--(Business Wire)--Jul 29, 2005--
Sure Trace Security Corporation (OTC:SSTY.u) 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.
Sure Trace China Joint Venture Announces List Of Scheduled Attendees For Live National TV Demo
August 1, 2005
PHILADELPHIA--(Business Wire)--Aug 01, 2005--
Sure Trace Security Corporation (OTC:SSTY.u) has planned live public demonstration, of its technology, which it expects to be telecast on Chinese national television (CCTV-1) within the next 10 days. Representatives of the government, customs, military, commercial banking and tobacco industries as well as representatives of the 2008 Olympic Committee are scheduled to be in attendance in Beijing, for the demonstration
August 17, 2005
Sure Trace Security Corporation (OTC:SSTY.) announced that it has today participated in a public demonstration of its anti-counterfeiting technologies in Beijing, China. In attendance were over fifty persons, including representatives of National and Regional Government departments, including Military, Customs and Civilian Services, licensee of the 2008 Beijing Olympic Organizing Committee, brand manufacturers, including cigarette, pharmaceutical, as well as Chinese regional and national media.
13:59 ET BEIJING--(Business Wire)--Sep 08, 2005--
Sure Trace Asia Limited and Beijing Suneray Jexin Technology Announce Opening of New Offices in Beijing BEIJING
September 8, 2005
Sure Trace Security Corporation (OTC:SSTY.) announced today that Sure Trace Technology Beijing Limited (Sure Trace Technology), the Joint Venture Company of its subsidiary Sure Trace Asia Limited (Sure Trace Asia) and Beijing Suneray Jexin Technology Limited (Suneray) have opened a new and much larger administration office, laboratory, and manufacturing facility as they have outgrown the space that was previously provided by Suneray. The new space encompasses approximately 5,200 square feet (488 sq meters) of office and administration space and an additional 12,900 square feet (1,200 Sq meters) of laboratory and manufacturing space is available for future expansion. Often referred to as Beijing's Silicon Valley, the new facilities are located in the Haidian district of Beijing.
JV Partner Will License Rights to Their Proprietary and Licensed Technology, for Authentication, Anti-counterfeiting, Tracking and Tracing Systems
PHILADELPHIA, Oct. 18 /PRNewswire-FirstCall/ -- Sure Trace Security Corporation (OTC: SSTY) announced that its Chinese operating subsidiary, True Product ID Technology Limited, formerly Sure Trace Asia Limited, has, on October 4, 2005, signed an agreement with Gary Metzger, President of Amco Plastic Materials Inc. of Farmingdale, New York, to form a joint venture (JV) to utilize their anti-counterfeiting/authenticating systems in the Far East.
Sure Trace Security Corporation Announces Cooperation Agreement with Brand315.com in China
October 20, 2005
BEIJING, China and PHILADELPHIA, Oct. 20 /PRNewswire-FirstCall/ -- Sure Trace Security Corporation announced that True Product ID Technology (Beijing) Limited, formerly Sure Trace Technology (Beijing) Limited, a 50-50 JV of its 85% Subsidiary, True Product ID Technology Limited, formerly known as Sure Trace Asia Limited (STA), and Beijing Suneray Zexin Technology Limited has completed a cooperation agreement with The National Brand Cartel Anti-Counterfeit Cooperation Network - Brand315.com.
Brand315.com is established under the authorization of the Ministry of Quality Supervision, Inspection and Quarantine of the People's Republic of China. It is a network introducing anti-counterfeit technologies, services and law enforcement for branded products. In attendance at the signing of the agreement were Mr. James MacKay, Chairman of SSTY; Mr. Li Ning, President of True Product ID Technology (Beijing) Limited; Mr. Zhao Zeyuan, director of the Brand Protection, China National Joint Rights Maintenance Cooperation Network of Brand Enterprises; Mr. Qi Xuan, secretary-general of China Association for Technical Supervision Information.
Sure Trace Security Corporation Announces Approval of Globe Staff Consulting Acquisition By French Government
October 27, 2005
All Required Documentation Completed and Approved; Globe Staff Officially
Wholly Owned Subsidiary of Sure Trace
BEIJING, PHILADELPHIA, and BAYONNE, France, Oct. 27 /PRNewswire-FirstCall/ -- Sure Trace Security Corporation (OTC: SSTY) announced that the mandatory French administration regulations for the purchase of Globe Staff Consulting (GSC) have now been completed and approved by all French Government Ministries. A full internal audit and examination of GSC technologies took place, conducted by Sure Trace's CFO Mr. Joseph Repko and staff last week in France.
October 31, 2005
Sure Trace Security Corporation, Together With Its Joint Venture Partner, True Product ID (Beijing) Limited, Met With the Central Government Departments of China at the People's Hall In Beijing, China to Present Its Technologies and Services to Government Ministries Responsible for Internal and International Security Issues
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 relative 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
-- State Secrets Bureau of PRC
-- China Banking Regulatory Commission
-- China Unicom
-- State Patent Bureau of PRC
-- The Second Research Institute of the Ministry of Public Security
-- The Customs General Administration of PRC
-- Bank of China
-- Zhongcheng Satellite Technology Center Co., Ltd.
-- And numbers of bureau-level cadres ...
Sure Trace Security Corporation Announces Agreement With Innov-X Systems, Inc.
November 4, 2005
BEIJING and PHILADELPHIA, Nov. 4 /PRNewswire-FirstCall/ -- Sure Trace Security Corporation (OTC: SSTY) announced that it has signed an agreement with Innov-X Systems, Inc., wherein Sure Trace has agreed to utilize Innov-X's Scanners for use in connection with its SDNA solutions on a worldwide exclusive basis and Innov-X has agreed to make the XRF Scanners for Sure Trace on an exclusive worldwide basis.
November 21, 2005
SSTY's JV Signs Contract with Chinese Government-Sponsored Anti-Counterfeiting Network
BEIJING and PHILADELPHIA, Nov. 21 /PRNewswire-FirstCall/ -- Sure Trace
Security Corporation (OTC: SSTY) announced that True Product ID Technology
(Beijing) Limited has signed a service agreement with The National Brand
Cartel Anti-Counterfeit Cooperation Network - Brand315.com, to deliver the
True Product ID anti-counterfeiting technology. True Product ID Technology
(Beijing) Limited is a joint venture owned 50% by a Chinese corporation,
Beijing Suneray Zexin Technology Limited and 50% by True Product ID Technology Limited, 85% of which is owned by Sure Trace.
Brand315.com is established under the authorization of the Ministry of
Quality Supervision, Inspection and Quarantine of the People's Republic of
China. It is a network introducing anti-counterfeit technologies, services
and law enforcement for branded products. Brand315 provides security labels
to top national brands in China and has 600 active members. Its clients cover
all areas of consumer goods and, collectively, distribute billions of units of
goods per day.
Brand315 has informed Sure Trace that it chose the Company's solutions,
collectively known as True Product ID, because it recognized that the
components of this one solution fit the varied and specific needs of all
Brand315's members. According to the feedback from Brand315, what set the Company apart from other technologies is that we have demonstrated the present ability to deliver the technologies developed for China and deploy them across many different applications - from controlling and tracking counterfeit products, containers, authenticating precious artifacts, identity authentication, transportation systems, munitions and document management.
This initial pilot program contract calls for the joint venture to mark
2 billion labels of the top brands in China. If this initial pilot program is
completed as planned, Company officials estimate that the total receipts under this contract will approximate $5,000,000 over the next 3 months. The amount may vary due to fluctuations in the currency exchange rate.
This number of items to be marked in this initial agreement, 2 billion
units, is just the average daily amount of units commonly processed by the
Brand315 network.
The Company will be providing scanners (both from Innov-X and AMCO),
taggants, the services of its proprietary, remote, real-time authentication
software system, KMACK, and networking to the central database.
James Mackay, the Chairman of the Company said, "For the most part of the
last year, our team here in China has worked extremely hard to provide China
with a total anti-counterfeiting solution. China has chosen to take this
important step in the war on counterfeiting to put a stop to counterfeit goods
not only in China but the world." He went on to say: "True Product ID is very
proud to support the Chinese government in establishing a world standard and
building the spirit of 'one world one dream.'"
December 7, 2005
European Subsidiary of Sure Trace, Globe Staff Consulting, Successfully Completes Field Audit with French Police of its Mobile Tracking Module
BEIJING, PHILADELPHIA and BAYONNE, France, Dec. 7 /PRNewswire-FirstCall/ -- Sure Trace Security Corporation (OTC Bulletin Board: SSTY) announced that its wholly owned subsidiary, Globe Staff Consulting (GSC), is pleased to announce that it is now in receipt of the first field test order from the French Ministry of the Interior. After a total of 8 months research and development (R&D) and considerable negotiations, meetings and problem solving, the delivery of GSC's newest tracking prototype to the French police has passed all their initial tests. Upon the completion of the field trials, which will be audited over a period of 4 weeks, final discussions will take place to determine production and delivery timelines. GSC will estimate final pricing and quantities in January to coincide with the opening of the Company's new R&D lab in Beijing China.
SSTY Delivers First Shipment of Labels for Brand315.com during the China Trademark Festival; Releases Video Update to Shareholders
BEIJING and PHILADELPHIA, Dec 14, 2005 /PRNewswire-FirstCall via COMTEX/ -- Sure Trace Security Corporation (OTC: SSTY) announced that its joint venture partner, True Product ID (Beijing) Limited, delivered the first batch of labels marked with S-DNA to Brand135.com this past week during the 2005 China Trademark Festival, ahead of the projected schedule.
Also, the Chairman of the Board for SSTY has completed a video to update shareholders on recent events and news. The video interview is available on SSTY's website located at http://www.suretrace.com. The video includes information concerning the Company's financial filings, information about the most recent public event held in conjunction with Brand315.com, and expansion plans for SSTY and its partners for 2006.
SSTY Announces Plans for New Venture with Affiliate of China's Ministry of Industry and Commerce; Venture to Have Ability to Police Consumer Counterfeit Products Including Authority to Search and Seize
Jan 25, 2006 /PRNewswire-FirstCall via COMTEX/ -- Sure Trace Security Corporation (OTC: SSTY) announced that its joint venture partner, True Product ID Technology (Beijing) Limited ("TPiD"), a joint venture of its 85% subsidiary, True Product ID Technology Limited, and Beijing Suneray Zexin Technology Limited has signed a cooperation agreement with China Consumer Journal, which is a subsidiary company of the Ministry of Industry and Commerce.
SSTY provides proprietary solutions for loss prevention and anti- counterfeiting purposes. On November 24, 2005, it announced that the joint venture had signed a service agreement with The National Brand Cartel Anti- Counterfeit Cooperation Network -- Brand315.com, to deliver the True Product ID anti-counterfeiting technology.
Jan 26, 2006 /PRNewswire-FirstCall via COMTEX/ -- Sure Trace Security Corporation (OTC: SSTY) announced that its joint venture partner, True Product ID Technology (Beijing) Limited ("TPiD"), has signed another direct sales/revenue agreement in China.
In the transaction TPiD will provide its S-DNA technology to a major Chinese automotive parts distributor whose largest export client is General Motors.
Feb 02, 2006 /PRNewswire-FirstCall via COMTEX/ -- Sure Trace Security Corporation (OTC: SSTY) announced that its joint venture partner, True Product ID Technology (Beijing) Limited ("TPiD"), has signed another direct sales/revenue agreement in China.
In the transaction TPiD will provide its S-DNA technology to the Palace Museum of China to mark the items in its collections. Chairman James MacKay stated: "This contract again shows the wide range of items that can be tagged and protected from fraud ... from labels to precious antiques."
Transcript of video 2/11/06
Hi I’m Jim Mackay Chairman of Suretrace. I would like to introduce you to Michael Cimino President of Suretrace, Michael has some very interesting news for you. Over to you Michael.
Michael Cimino. Thank you. Well we know Suretrace shareholders have been asking the question and were here to answer the most important question you have been asking over the recent months. The answer is one that you’ll be very happy with. Very shortly Suretrace shareholders will be holding shares in a publicly traded bb company. That’s the headline, now let me back into the details. One of the benefits is, you’re not only going to be holding shares in a publicly traded company, and it’s going to be a new company. You will still have all the same, you will still have all the shares in the same position that you have in Suretrace, but were going to start a new company. We’ve acquired a shell and it’s going to be True Product ID is what we are going to name the shell, and were going to grant True Product ID a Master License. Give it all the rights, duties responsibilities, obligations, funding requirements, management requirements, delivery requirements that Suretrace now is presently holding and has to deliver on. The good news is we have a lot of business, the bad news is we have a lot of business and we have to deliver and that skill set is not involved, is not inside Suretrace at present and we’ve recognized that, that is not the job I was brought in to do, my job here is nearly done. My job was to help deliver China, support Mr. Mackay and in order to establish new corporate governance, procedures and to get Suretrace ready for the future. But in the course of that we realized that Suretrace is not the right vehicle to deliver the future, from the contracts we’ve gotten in China, from the contracts we’re about to get, from the contracts we’re about to get in the United States and from the contracts we’re about to get in Europe and the rest of the world. So some months ago we contracted with one of the premier law firms here in Philadelphia and an excellent lawyer here inside Mr. Stephen Ching, whose resume will be posted here at the end of this video. He has represented people such as Arlen Specter, such as Tom Ridge of Homeland Security and he’s helped us zero in on a person finally that we think should head the ship and I’ll be happy to hand of the baton off to him. This person will come in and run True Product ID. He has experience thirty-forty years building companies, has world class experience. He is associated with NATO, Homeland Security with the Rockefeller Foundation. Between our lawyers, our new CEO, we think we will be uniquely qualified to deliver maximum value to the shareholders of Suretrace and the shareholders of True Product ID through their endeavors. Now one of the benefits of that is True Product ID will be paying a monthly fee to Suretrace to help fund it’s operations which means Suretrace will not have to be selling anymore shares, we’ll virtually eliminate the dilution that has happened in the past and we will have the ability to fund and to seize the opportunity and to maximize the opportunity through True Product ID because with our new management team, the new board that will be together on this company, we will be able to and we have been attracting very large players and rather large sources of income, matter of fact that’s one of the reasons why we haven’t done the road show that we have talked about in the past. We were cajoled we were asked we were to nicely put it, the people who want to do business with us wanted the chance to do business with us before we hit the road because they wanted to get an advantage over their competitors. Our technology is highly valued by multinational companies across the world and the right team to maximize that value to Suretrace shareholders will be sitting in True Product ID. Now the same template that we are using for True Product ID will apply also to Globe Staff Consulting. Globe Staff Consulting, Globe staff will also go public. Globe Staff will also pay a fee, a monthly fee to Sure Trace and a royalty of sales and will conduct and be responsible for its own R&D through its own public company. So again we’ve reduced the demand we’ve reduced the burn we’ve reduced the need to dilute Suretrace itself and we’ve found a way to move the companies forward and increase the value of the parent company while letting the shareholders share the wealth in these other companies also.
James Mackay;
Michael I want to thank you for your words, for Suretrace shareholders, Michael has done a great job for the company, he has finished off bringing us back on the bulletin boards, and more importantly with this formula with ssty and True Product ID we now gain maximum value for both companies. More important with the parent company, we stop the dilution, we increase the value to bring back to the bulletin boards, at the same time True Product ID as another vehicle to raise the funding, a new CEO and Suretrace now through True Product ID is ready to dominate as a world force in anti-counterfeiting. Thank you.
SSTY Opens Joint Offices With Affiliate of China's Ministry of Industry and Commerce
Feb 07, 2006 /PRNewswire-FirstCall via COMTEX/ -- Sure Trace Security Corporation (OTC: SSTY) previously announced that its joint venture partner, True Product ID Technology (Beijing) Limited ("TPiD"), a joint venture of its 85% subsidiary, True Product ID Technology Limited, and Beijing Suneray Zexin Technology Limited, has signed a cooperation agreement with the China Consumer Journal which is a subsidiary company of the Ministry of Industry and Commerce.
Through the cooperation with the China Consumer Journal, which also produces anti-counterfeiting labels similar to Brand315, TPiD will work with the Ministry of Industry and Commerce to provide them with SSTY's scanning and KMACK technologies.
Under that agreement, SSTY is to provide its proprietary solutions for loss prevention and anti-counterfeiting purposes across an entire spectrum of products and goods. Now the 315 System has said that it also plans to use TPiD's technology to enhance other anti-counterfeiting technologies themselves ... not just goods and services.
SSTY Chairman James MacKay stated, "Our technology will now be used by the 315 System to provide individualized and integrated anti-counterfeiting solutions to different industries and products possessing different anti- counterfeiting technologies, including digital, holograms and fabrics/textiles ... in addition to our own S-DNA technologies."
TPiD and the China Consumer Journal have established a working group, in which each of the two parties will assign staff to work jointly on the projects and those offices have been set up inside the China Consumer Journal's offices.
SSTY Announces Deal to Acquire NASDAQ Bulletin Board Company
Feb 10, 2006 /PRNewswire-FirstCall via COMTEX/ -- Sure Trace Security Corporation (OTC: SSTY) today announced that it has signed an agreement to acquire the controlling interest in a company presently trading on the NASDAQ OTC Bulletin Board.
SSTY Announces Record Date for Shareholders to Qualify for Dividend Shares; Also Announces Press Conference to Introduce TPID President/CEO
BEIJING and PHILADELPHIA, March 10, 2006 /PRNewswire-FirstCall via COMTEX/ -- Sure Trace Security Corporation (OTC: SSTY) today announced that its Board of Directors has set the date for shareholders to qualify to receive the dividend shares in the planned spin-off of its soon-to-be-acquired subsidiary, which will be named True Product ID, Inc. SSTY had previously announced on February 10, 2006 that it had signed an agreement to acquire the controlling interest in a company presently trading on the NASDAQ OTC Bulletin Board.
SSTY Acquires NASDAQ Bulletin Board Company, ONTV, Inc.
BEIJING and PHILADELPHIA, March 17, 2006 /PRNewswire-FirstCall via COMTEX/ -- Sure Trace Security Corporation (OTC: SSTY) today announced that it has acquired the controlling interest in ONTV, Inc. (OTC Bulletin Board: ONTV), a company presently trading on the NASDAQ OTC Bulletin Board. The transaction, which was previously announced on February 10, 2006, by SSTY, was completed yesterday. The acquired company will be renamed True Product ID, Inc. ("TPID"). Consideration was in cash and contractual rights.
On March 10, 2006, the Company announced that there would be a press conference on Friday, March 17, in Philadelphia, to introduce the CEO/President of True Product ID, Inc. That press conference has been rescheduled for a later date. A press release introducing the CEO/President is being issued contemporaneously with this release.
SSTY Chooses Philadelphia Executive to Build on the Success of Its Chinese Joint Venture
Richard A. Bendis to Take Helm of Global Technology Company; Named President/CEO of True Product ID, Inc.
PHILADELPHIA, March 17, 2006 /PRNewswire-FirstCall via COMTEX/ -- Sure Trace Security Corporation (OTC: SSTY) today announced the appointment of Richard A. Bendis as president and CEO of True Product ID, Inc. (TPID). Mr. Bendis was most recently president and CEO of Innovation Philadelphia (IP), a regional technology-based economic development organization, and he will remain a member of the board of directors of Innovation Philadelphia. Bendis brings to TPID a long and distinguished career as entrepreneur, corporate executive, venture capitalist, investment banker, and consultant in the technology and healthcare industries. He is an international business consultant and featured speaker to the United Nations, NATO, the European Commission, MITI, and global technology-based enterprises and countries.
James MacKay, Chairman of both SSTY and TPID, said: "Over the last two years in China we have built a solid foundation. From being invited to The People's Great Hall, to joint ventures with government agencies, to the signing of contracts. The government of China is fully committed to leading the way to establishing a world standard for authentication and anti- counterfeiting of all goods. And only through a world standard can we protect the safety of the peoples of the world and their governments. Governments lose through loss of income from taxes. Terrorists use counterfeit goods to fund their activities. People lose out through loss of jobs, and the increased cost of goods due to counterfeiting. More importantly, people's lives are lost due to fake products and fake pharmaceuticals. With Rich, we can now help build a world standard with China and the US leading the way. At the same time, we will bring employment and commerce to Philadelphia and the US. Only China and the US working together can achieve a world standard, and Rich is the person to help deliver it. This world standard is being built in the spirit of the Chinese Olympics: 'One World - One Standard.'"
Judith Rodin, President of the Rockefeller Foundation, President Emerita of the University of Pennsylvania and former Board Chair of Innovation Philadelphia, commented, "Rich Bendis is a very innovative global business leader who understands that implementation is the key to a successful organization. In the last four years, I personally watched as he built an organization that has successfully delivered exceptional results and received global recognition."
MacKay added: "Rich Bendis has the global marketing, global business expertise and global network that will contribute to our vision of becoming the world leader in the provision of anti-counterfeiting, brand and product authentication, and security products and services."
As president and CEO of True Product ID, Mr. Bendis will operate from the firm's newly established Philadelphia headquarters and lead the efforts for expanding the company's global presence as it capitalizes on the growing international market for anti-counterfeiting and security surveillance applications. The technology has applications across multiple industries and geographies. The International Chamber of Commerce estimates that seven percent of world trade are in counterfeit goods and that the counterfeit market is worth over $350 billion. This results in the loss of millions of dollars in tax revenues and tens of thousands of jobs due to the manufacture, distribution and sale of counterfeit goods. True Product ID has developed technologies and related strategies to address the global threat posed by counterfeiting.
"This is a great opportunity to develop True Product ID globally. The technology, the industry, the potential market product growth, and the entrepreneurial spirit of the company attracted me to this venture. I am especially pleased that True Products ID will become a Philadelphia-based company and there will be job growth and expansion in the future that will further strengthen Philadelphia's position in the global Knowledge Economy," stated Bendis.
Prior to his appointment as IP's first President and CEO, Bendis for the past twenty-five years has been Chairman, President, or CEO of both public and private enterprises. He successfully leveraged a career in the private sector with companies including Quaker Oats, Polaroid, Texas Instruments, Marion Laboratories and Kimberly Services and in the venture capital industry to establish his own successful venture capital firm, RAB Ventures, which made 15 investments in early-stage technology and healthcare companies. Bendis also successfully built an Inc. 500 healthcare software company, Continental Healthcare Systems, Inc., which he took public on the NASDAQ and later sold to an international conglomerate.
As a leader who knows how to build and launch successful organizations, he built the Kansas Technology Enterprise Corporation (KTEC) into a globally recognized model for technology-based economic development.
Mr. Bendis was recruited to Philadelphia in 2001 to serve as president and CEO of Innovation Philadelphia, a public/private partnership dedicated to growing the wealth and the workforce of the Greater Philadelphia Region. Under his leadership, Innovation Philadelphia stimulated the local technology scene for the Greater Philadelphia region by establishing new and innovative programs in four distinct areas: Direct Equity Investment/Financing Assistance; Technology Commercialization; Global and Regional Economic Development; and Market Research and Branding Philadelphia as a global Knowledge Economy leader.
Mr. Bendis currently serves on the board of directors and is Chair of the Audit Committee and of PDG Environmental, Inc. PDG Environmental, Inc., headquartered in Pittsburgh, PA, is a leading provider of specialty contracting services to commercial, industrial and governmental clients nationwide through 18 U.S. offices.
Mr. Bendis currently serves or has served as a member of the following international, national and regional organizations including: the Council on Competitiveness, Eisenhower Fellowships Nominating Committee, founding member and Board Member of the National Association of Seed and Venture Funds (NASVF), Science Parks and Innovation Center Expert Group (SPICE), founding member and Board Member - State Science and Technology Institute, American Association for the Advancement of Science, Governor's Appointee, member of the executive committee for the National Governors' Association and Science and Technology Council, The New York Academy of Sciences, National Business Incubation Association, executive committee Greater Philadelphia Global Partners, executive marketing and international committee for Philadelphia Convention and Visitors Bureau, UNESCO Philadelphia Executive Committee, World Trade Centers of Greater Philadelphia, Temple University Center for International Business and Research (CIBER), and the Drexel University Laurence A. Baiada Center for Entrepreneurship in Technology.
SSTY Releases Further Details of ONTV, Inc. Acquisition
BEIJING, and PHILADELPHIA, March 24, 2006 /PRNewswire-FirstCall via COMTEX/ -- On March 17, 2006, Sure Trace Security Corporation (OTC: SSTY) announced that it had acquired the controlling interest in ONTV, Inc. (OTC Bulletin Board: ONTV), a company presently trading on the NASDAQ OTC Bulletin Board.
At the time it stated that consideration was in cash and contractual rights.
Sure Trace intends to provide to its stockholders detailed information regarding the business and management of ONTV, which we expect will be renamed True Product ID, Inc. (TPID). In addition, ONTV, which will be under separate day-to-day management from Sure Trace, intends to file important information related to the spin-off with the Securities and Exchange Commission on Form 8- K.
SSTY China JV Opens 3 New Labs
BEIJING and PHILADELPHIA, March 29, 2006 /PRNewswire-FirstCall via COMTEX/ -- Sure Trace Security Corporation (OTC: SSTY) (OTC Bulletin Board: ONTV) announced that its joint venture partner, True Product ID Technology (Beijing) Limited ("TPiD"), has officially opened a new facility composed of three separate labs designed to process and deliver the taggant utilized to mark the individual items in its anti-counterfeiting technology.
Three separate labs are used so that no one facility possesses the entire formulae. Each lab only handles a portion of the process for security reasons.
James MacKay, Chairman of SSTY, said: "We are very pleased to get these facilities online and ready to deliver. The overall cost of the labs was close to 1 million dollars, but the investment should be well worth it. Now that they are completed, we have the present ability to take and process orders in China according to our projected demand.
"I am also pleased to announce the completion of the KMACK data center for China. With the completion of these facilities and the hiring of Richard Bendis, the company is in the position now to fully maximize the opportunities presented us in China and the rest of the world," MacKay added.
Veteran China Hand (Formerly of the Committee of 100 and Harvard Business School) Joins True Product ID as Managing Director, China
BEIJING and PHILADELPHIA, April 17, 2006 /PRNewswire-FirstCall via COMTEX/ -- Richard A. Bendis, CEO and President of True Product ID, Inc. (OTC Bulletin Board: ONTV), a wholly owned subsidiary of Sure Trace Security Corporation (OTC: SSTY), today announced the appointment of Frederick J. Young as Managing Director, China and Chief of Staff, Office of the Chairman. As former Research Director for the Committee of 100, a national organization com Mr. Young interacted with senior Chinese leaders to help strengthen Sino-US relations. In 2005, on the Committee's behalf, he prepared a landmark survey about American attitudes towards China presented to China's National People's Congress Chairman, Wu Bangguo, China's posed of many of the most influential American citizens of Chinese descent - State Councilor Tang Jiaxuan, and current Chinese Ambassador to the US Zhou Wenzhong, and helped organize meetings with top-ranking leaders from the Chinese Ministry of Commerce, Ministry of Foreign Affairs, and State Council and with senior US Embassy officials.
He will be in attendance for China's President Hu Jintao's upcoming state visit with President Bush during which the two world leaders will discuss, among other things, joint anti-piracy efforts.
Previously, Mr. Young worked for the Harvard Business School's Asia-Pacific Research Center in Hong Kong, where he developed case studies on the world's and China's largest shipping company, COSCO, China's Internet conglomerate Alibaba.com, and the Shenzhen Stock Exchange, and where he helped lead research on branding and the intellectual property right issues in China. His case studies are widely taught at HBS and constitute the core curriculum of China's equivalent to HBS, the prestigious Tsinghua University's School of Engineering and Management. Prior to that, he managed a Hong Kong private investment firm which was one of the initial developers and distributors of digital video (MPEG) technology in China.
"Fred Young is the quintessential 'China hand' uniquely respected by business and government leaders throughout Greater China," commented James MacKay, Chairman of both Sure Trace and True Product ID. "The addition of Fred and his extraordinary relationships, network, understanding, and experience in connection with China, especially as they pertain to next generation technology and intellectual property rights, is a reaffirmation of, and will bolster, our strong respect and friendship for and with China and TPID's and China's joint commitment towards establishing a Global Anti-Counterfeiting Standard. Dedicated to establishing such a Global Anti-Counterfeiting Standard, we continue to strive together towards China's vision of 'One World, One Dream.'"
"Rampant copyright infringement tops the political agenda as the Presidents of both China and the USA meet in Washington, DC this month," said Fred Young, who will attend formal meetings and functions connected with President Hu's upcoming visit. "Having dedicated a career to China affairs, I have a profound admiration for the extraordinary mutual respect and friendship that Chairman James MacKay has worked so hard to cultivate with China. Counterfeit pharmaceuticals, automobile and airplane parts, and consumer products have injured or killed countless people around the world. No other company is better positioned to halt the spread of counterfeiting worldwide than TPID and to establish a Global Anti-Piracy Standard that will not only help save businesses and governments billions of dollars but will more importantly also help save lives."
SSTY Announces Acquisition: Globe Staff Consulting, a Wholly Owned Subsidiary of SSTY, to be Merged Into PowerSource Corp.
BEIJING and PHILADELPHIA, April 20, 2006 /PRNewswire-FirstCall via COMTEX/ -- Sure Trace Security Corporation (OTC: SSTY) today announced that it has acquired the controlling interest in a company, PowerSource Corporation (Pink Sheets: PSRE), and has vended its wholly owned subsidiary, Globe Staff Consulting, into the acquired company, which shall be renamed Globe Staff Consulting Corporation (GSCC).
Industry Veteran Appointed Chief Technology Officer for True Product ID; John G. Voeller Named Chief Technology Officer for True Product ID
BEIJING and PHILADELPHIA, April 24, 2006 /PRNewswire-FirstCall via COMTEX/ -- Richard A. Bendis, CEO and President of True Product ID, Inc. (TPID) (OTC Bulletin Board: ONTV), a wholly owned subsidiary of Sure Trace Security Corporation (OTC: SSTY), today announced the appointment of John. G. Voeller as Chief Technology Officer for True Product ID, Inc. Mr. Voeller is currently Senior Vice President, Chief Knowledge Officer and Chief Technology Officer for Black & Veatch, a multi-billion dollar global engineering and construction company based in Kansas City and will retain his position with the company in addition to his new role at True Product ID.
Voeller will be responsible for the strategic vision of TPID technology innovation and systems development of key anti-counterfeiting technology applications. "John Voeller adds the industry expertise and experience to expand the True Product ID technology across multiple business applications. His global strategic vision will be an asset that will change anti-counterfeiting methods for the future," comments James Mackay, Chairman of True Product ID.
"John Voeller is a global leader and innovator in technology. His engagement as a consultant to the Department of Homeland Security and his American Society of Mechanical Engineers (ASME) Fellowship in the office of Science and Technology Policy for the Executive Office of the President provide experience that will aid in the growth and market position of our new company," comments Richard A. Bendis, President and CEO of True Product ID.
"The problem of counterfeit goods of all kinds has always been with us and the impact of its growth is accelerating. The need for an accurate high-speed identification of goods as original in quality and source is equally critical. None of the traditional technologies of identification of goods is sufficient to perform these functions. True Product ID has taken a different tack to open the opportunity for true validation and verification," comments John Voeller.
Voeller has been responsible for the creation of five- and 10-year automation strategies and he is the principal architect of Powrtrak, the automated engineering system of Black & Veatch that was used to build over 600 power facilities around the world. This engineering system has been reviewed in articles in ENR, Forbes ASAP and CIO magazines. Voeller has started numerous companies in the technology sector and has been a board member on a number of others.
He has advised societies including ASME, the American Institute of Steel Construction, the American Society of Civil Engineers, the Civil Engineering Research Foundation, and has worked with a number of Federal agencies looking at the future automation in both physical and cyber domains.
He has served as Technical Leader for the Chemical, Biological, and Radiological Technology Alliance (CBRTA), working on advanced technology to deal with terrorist threats with 13 companies including Honeywell, 3M, Motorola, General Dynamics, Johns Hopkins-APL, Mayo Clinic, CUBRIC, Cargill, BD Sciences and Syracuse Research.
He has also served as chairman of ASME's Critical Asset Protection Initiative, leading eight teams of world experts in planning first responder actions and risk analysis of terrorist incidents.
Voeller was co-founder and chief technical officer of BV Solutions Group, as well as a recipient of the CIO Enterprise Value Award for 1997 from CIO magazine and the Award of Excellence from Engineering News Record magazine for 1998. He has also been the recipient of the Ed Forrest Award For Highest Achievement in Engineering Automation for 2000 and the CIO Premier 100 Award as one of the top 100 CIOs In The US for 2000.
He is a certified Professional Engineer in the states of Kansas and Michigan. He is a graduate of the Georgia Institute of Technology, BME, 1971.
SSTY Announces Financing and Uplisting Plans for PSRE/Globe Staff Subsidiary; Proceeds to Help Launch TPID in Europe
Company Also Comments on Extension of Ex-Dividend Date
BEIJING and PHILADELPHIA, April 27, 2006 /PRNewswire-FirstCall via COMTEX/ -- Sure Trace Security Corporation (OTC: SSTY) today announced that as a result of pre- acquisition mechanisms, new management believes that they will be able to raise up to $7,025,000 in financing for the operations of PowerSource Corporation (Pink Sheets: PSRE), the controlling interest of which it acquired previously. SSTY subsequently incorporated its wholly owned subsidiary, Globe Staff Consulting, into PSRE, which will be renamed Globe Staff Consulting Corporation (GSCC).
True Product ID Executives Travel to China
BEIJING and PHILADELPHIA, June 6, 2006 /PRNewswire-FirstCall via COMTEX/ -- Sure Trace Security Corporation (OTC: SSTY) today announced that a team of executives from True Product ID, Inc. (OTC Bulletin Board: TPDI), led by President/CEO Richard Bendis, arrived in Beijing over the weekend to begin implementation of the Brand 315 and other contracts.
Mr. Bendis was joined by Frederick J. Young as Managing Director, China and Chief of Staff, Office of the Chairman along with staff from both Sure Trace and True Product ID, Inc. Representatives of Innov-X and AMCO are also scheduled to participate in the meetings. The team will be returning to the US early next week.
About Sure Trace Security Corporation
Sure Trace produces integrators for anti-counterfeiting and security surveillance applications and is a provider of integrated tracking devices. True Product ID, Inc. (OTC Bulletin Board: TPDI), a former subsidiary of SSTY, via a license from Sure Trace Security Corporation (OTC: SSTY), 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, TPDI will also be providing the day-to-day operational duties and R&D for SSTY's majority-owned subsidiary, Globe Staff Consulting Corp. (Pink Sheets: GSFC).
Globe Staff Consulting Announces Upcoming Launch of the New 'Tag and Track' System and Location Services
BAYONNE, France and PHILADELPHIA, June 6, 2006 /PRNewswire-FirstCall via COMTEX/ -- Sure Trace Security Corporation (OTC: SSTY) today announced that its subsidiary, Globe Staff Consulting Corp. (Pink Sheets: GSFC), a homeland R&D security company focused on serving the transportation and homeland security industries, will formally launch its new "Tag and Track" system and location services in late October 2006.
The "Tag and Track" system will provide a flexible, rapidly deployable assisted-GPS / GSM location-based service including an innovative integrated RFID technology that enables a wide array of customizable applications. The technology locates and/or tracks vehicles, objects, assets or people. Our customers will deploy a portable receiver or reader devices network whether inside or outside a building which will be used to pick up the signal transmitted by our "Tag and Track" Tracker with its integrated RFID Tag. The device is about the size of a cell phone. This system was originally conceived/developed on a Special Police Forces request from the French Ministry of the Interior.
RFID chips don't have their own energy source, they are passive. They emit a signal when specific frequencies of radio energy are used to "paint" them. RFIDs contain tiny antennas that receive that RF energy and then re-radiate their encoded information.
The Company's RFID chip will be miniaturized, implantable radio frequency identification device that has the potential to be used in a variety of security, financial, and other applications. It is smaller than a grain of rice; the encoded information is captured by briefly passing a proprietary scanner or passing through any receivers.
CTO Jean-Gilles Subervie said, "This launch represents an important step forward in our advanced technologies research and development. We have spent considerable time and resources developing 'Tag and Track' in the last 15 months, and we are very excited to bring this product to market. 'Tag and Track' proprietary two-way interactive paging-over-wireless network software and secure web services interface are going to revolutionize how and where GPS and RFID can be applied together. The Company's staff in France are recognized experts in Electronics, Embedded Technologies, Telecommunications, 3G and GPRS network technologies, two-way paging, wireless networking, geolocalization, mapping systems, RFID tags, high security applications and government contracting.
Some of the Potential uses include:
-- Tracking people inside and outside a building
-- Airport Staff security tracking
-- Airline asset tracking at airports
-- Managing movable assets and people inside and outside
-- All kinds of transportation and vehicular tracking
-- Elders, Pensioners, Hospital Staff and Patient tracking
-- Fund transfer and Postal tracking
-- Security for high-value static assets monitoring (museums, painting
galleries ... )
-- Police and special forces tracking and tagging investigations
Globe Staff Consulting Announces Scheduled Delivery of Prototypes to French Government
Video Update from Richard Bendis, CEO/President Of True Product ID, Inc., to be Available Later Today On TPID.net
BAYONNE, France and PHILADELPHIA, June 23, 2006 /PRNewswire-FirstCall via COMTEX/ -- Sure Trace Security Corporation (OTC: SSTY) today announced that its subsidiary, Globe Staff Consulting Corporation (Pink Sheets: GSFC), a homeland R&D security company focused on serving the transportation and homeland security industries, is scheduled to deliver prototypes and accompanying software/hardware systems this coming week in Paris to two government entities.
The first is the French Customs and Border Protection and the second is the French Ministry of the Interior (Special Secret Police Forces). Both meetings are expected to result in orders from the government for additional rollouts of the technology on a national scale. Production to fulfill the expected orders is planned to be arranged in China.
CTO Jean-Gilles Subervie said, "Also, next week we will install one of the most important security control centers which will monitor, on a national basis, an advanced anti-hold-up system. Plans are also in place to install several thousands of our latest electronic security modules through 2006 and 2007."
The Company also announced that a video update from Richard Bendis, CEO/President Of True Product ID, Inc., is scheduled to be available later today on http://www.TPID.net . The video will also be available from the Company's site at http://www.suretrace.com .
About Globe Staff Consulting Corporation
Globe Staff Consulting Corporation is a subsidiary of Sure Trace Security Corporation. GSFC is one of France's leaders in the field of wireless security communications. GSFC has partnerships with Orange, French Telecom and Thales. The Company was formed for the purpose of selling and distributing wireless security communications services and is focusing on tracking, tracing and geolocalization of products and people. The company has developed a mix of security tracking services targeting businesses, governments and consumers. Our technology assists our customers to be informed in real time of the exact location of products or people with 2-way communication, and can be customized to meet additional client requirements. GSFC's innovative product and service offerings provide the best advantages to customers, including the smallest tracking modules with GSM and GPS dual capability, innovative specialty cellular phone models, and data capability, all hosted on an ASP server platform.
Overview of Technology.
eGeocardio
eGeocardio allows scientists to track the heart rate of people or animals. The integrated cardiometry is displayed with graphics and alerts on computers. eGeocardio first appeared at the Tour de France 2004 to monitor the cyclists. It was utilized by teams, trainers and television broadcasters to monitor the cyclists' performances. Our next version of eGeocardio, which has been advanced to the prototype stage, will include a GSM/GPRS/GPS module which will allow managers and fans to follow the progress of people or animals in real time including location, speed, and altitude. Over the coming weeks and months, Globe Staff will detail additional applications and developments of its groundbreaking technology in cardio-monitoring as well as in elder care, child safety, and law enforcement.
SIM TRACE V4X ACCEL
This device is able to detect and analyze 3-D movements with our new 3-axes(X, Y, Z)-integrated accelerometer. Through the device, we can detect, for example, the existence of a person's bodily movement and breathing rate. Limited or no movement or breathing can automatically cause the device to send appropriate data to the control center equipped with devices such as a laptop computer, server, cell phone or PDA. Type of data to be collected and transmitted may include the following: acceleration, shock intensity, map localization, GPS/GSM/goniometric, temperature, heart rate, etc. The next version will integrate a miniaturized camera.
Tag and Track
The "Tag and Track" system will provide a flexible, rapidly deployable assisted-GPS/GSM location-based service including an innovative integrated RFID technology that enables a wide array of customizable applications. The technology locates and/or tracks vehicles, objects, assets or people. Our customers will deploy a portable receiver or reader devices network, whether inside or outside a building, which will be used to pick up the signal transmitted by our "Tag and Track" Tracker with its integrated RFID Tag. The device is about the size of a cell phone. This system was originally conceived/developed on a Special Police Forces request from the French Ministry of the Interior. RFID chips don't have their own energy source; they are passive. They emit a signal when specific frequencies of radio energy are used to "paint" them. RFIDs contain tiny antennas that receive the RF energy and then re-radiate their encoded information. The Company's RFID chip will be a miniaturized, implantable radio frequency identification device that has the potential to be used in a variety of security, financial, and other applications. It is smaller than a grain of rice; the encoded information is captured by briefly passing a proprietary scanner or passing through any receivers.
About Sure Trace Security Corporation
Sure Trace produces integrators for anti-counterfeiting and security surveillance applications and is a provider of integrated tracking devices. True Product ID, Inc. (OTC Bulletin Board: TPDI), a former subsidiary of SSTY, via a license from Sure Trace Security Corporation (OTC: SSTY), 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, TPDI will also be providing the day-to-day operational duties and R&D for SSTY's majority-owned subsidiary, Globe Staff Consulting Corp. (Pink Sheets: GSFC).