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I wanted to put the tremendous progress this company has made since 5/26/05 in a condensed version so everyone could see clearly what has happened over the past 10 months. Now we are past the stage where we are doing demonstrations in China, although more will come, but we are now at the stage where IMO big contracts should start rolling in. The technology has been proven, the partnerships and cooperation agreements are in place, Cimino is ready to hand the baton to a new ceo and managment structure that can take this company and make it a bluechip company in the future. All we have to do as investors is sit and be patient. Things will happen in their own time and not ours. Those who get discouraged and sell will regret it later in life. Those who have done their dd and hold will be rewarded a million times over. Again this is just one reporters opinion. GOOD LUCK AND GOOOOOOOOOO SSTY/TPID!
TIMELINE FOR PROGRESS
2/10/06 – SSTY announces deal to acquire nasdaq bulleten board company.
2/07/06 – SSTY opens joint offices with affiliate china ministry of industry and commerce.
2/02/06 – SSTY announces new contract in china for jv the palace museum of china.
1/26/06 – SSTY announces new contract in china for jv major auto parts distributor of GM parts.
1/25/06 – SSTY announces plans for new venture with affiliate of china’s ministry of industry and commerce the china consumer journal; venture to have ability to police consumer counterfeit products including authority to search and seize.
12/14/05 – SSTY delivers first shipment of labels for Brand 315 during the china trademark festival.
12/07/05 – European subsidiary of Sure Trace, Globe Staff Consulting, successfully completes field audit with French Police of it’s mobile tracking module.
11/21/05 - SSTY's JV Signs Contract with Chinese Government-Sponsored Anti-Counterfeiting Network
11/16/05 - SSTY Seeks to Enter North American Market.
11/04/05 - Sure Trace Security Corporation Announces Agreement With Innov-X Systems, Inc.
10/31/05 - 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.
10/27/05 - Sure Trace Security Corporation Announces Approval of Globe Staff Consulting Acquisition By French Government.
10/20/05 - Sure Trace Security Corporation Announces Cooperation Agreement with Brand315.com in China.
10/18/05 - 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.
9/22/05 - Sure Trace Security Corporation Updates Financial Reports Available on Pink Sheets News Service.
9/08905 - Sure Trace Asia Limited and Beijing Suneray Jexin Technology Announce Opening of New Offices in Beijing BEIJING.
8/26805 - ; Company Files Litigation against Former Officials of Sure Trace; Company is Cooperating with U.S. and Canadian Investigations.
8/17805 - Sure Trace Security Corporation Participates in a Public Demonstration of the Anti-Counterfeiting Technologies Held in Beijing by Its Subsidiary Sure Trace Asia Limited and Its Joint Venture Partner, Suneray, on Wednesday August 17, 2005.
8/04805 - Sure Trace Responds to SEC Actions.
8/02805 - Sure Trace Plans Live Demo in Philippines; In Addition To Demos Planned In Beijing; Company Chairman Concludes Series Of Meetings In Philippines.
8/01805 - Sure Trace China Joint Venture Announces List Of Scheduled Attendees For Live National TV Demo.
7/29705 - Sure Trace China Joint Venture Receives Governmental Approval; Live Television Demo Planned.
7/27705 - Sure Trace Licenses Additional Technology For Use In China; Company Also Offers Details Of Previous Acquisitions; Hires CFO. 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.
7/12/05 - Sure Trace Security Corporation (OTC:SSTY) is pleased to announce that it has completed the acquisition of Globe Staff Consulting (GSC). China Joint Venture Meets With 2008 Chinese Olympic Officials.
6/17/05 - 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.
5/27/05 - 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.
5/26/05 - 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.
(NOTICE THE GAP BETWEEN 4/20/04 AND 5/26/05 WHEN CIMINO CAME ON BOARD)
(CIMINO AND MACKAY SPENT A YEAR RESTRUCTURING AND PLANNING FOR THE PROGRESS THAT WE HAVE SEEN IN THE PAST NINE MONTHS)
4/2004 – Code of ethics for senior financial officers and the principal executive officer of Sure Trace established.
5/2003 – Resignation of old Accountant and engagement of new accountant.
Trade Fairs in China
1、Chinese Export Commodities Fair(cantonfair)www.cantonfair.org.cn
2、China International Fair for Investment and Trade
www.chinafair.org.cn
3、China-Asean Expo
www.caexpo.org
4、China Hi-Tech Fair
www.chtf.com
5、Beijing International High-Tech Expo
www.hightechbj.com
6、China-Northeast Asia investment and Trade Expo
http://bs.jl.gov.cn/cmsweb/webportal/w2336/
7、East China Fair (ECF)
www.east-china-fair.com
8、China International Industry Fair (CIIF)
www.sif-expo.com
9、China International Consumer Goods Fair
www.cicgf.com
10、China Yiwu International Commodities Fair
www.chinafairs.org
11、China Brand Show
www.chinabrandshow.com
For more:
www.mofcom.gov.cn
www.ccpit.org
You are right I should just ignore him. I think the next two weeks are going to prove to be very interesting. Big things in the works for March, also big things in April, our attorney Steven W. Ching will sponsor the Splendor of China festival in Philadelphia Pa. That's going to be huge for ssty/tpid.
Screw, if you have followed the progress the company has made since Cimino came on board and can grasp the magnitude of the progress since May 26th, then you would be able to appreciate my projections.
dsp, it was posted on rb yesterday but I can't find the post. SSTY has hired a number of new employees to ramp up in china and as they stated in their video, after the acquisition the dilution will stop. So we probably will have more dilution until March 16th. IMO even if is another billion shares between now and then the potential for this company is great. Compare it with gzfx or some other penny stocks that have over 20 or 30 billion shares outstanding. Once the revenues start coming in then the outstandig shares will not be as big a problem to the pps.
Thanks dale, I try only to post facts and if I don't I say it is my opinion.
You are an idiot bigmelons, that's all I will respond to your garbage.
Continued
13:28 ET BEIJING--(Business Wire)--Aug 17, 2005--Sure Trace Security Corporation Participates in a Public Demonstration of the Anti-Counterfeiting Technologies Held in Beijing by Its Subsidiary Sure Trace Asia Limited and Its Joint Venture Partner, Suneray, on Wednesday August 17, 2005
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.
The demonstration was put on by Sure Trace's 85% subsidiary, Sure Trace Asia Limited (STA), and Beijing Suneray Zexin Technology Limited (Suneray), the co-owners of a joint venture recently approved by the Chinese Government to commercialize Sure Trace's anti-counterfeiting technologies in China.
The demo was videotaped by Chinese television and is intended to be broadcast at a later date. Those segments will be posted on the Company's website when available; however, the Company also videotaped the demonstration and its footage should be available on the Company's website later today.
Mr. Li Ning, General Manager of Suneray, stated in his opening remarks at today's demonstration: "Through the course of our due diligence into a wide variety of anti-counterfeiting technologies available globally, we selected SSTY as it is not merely the 'best of breed' in terms of product but rather a full service solution. SSTY deals with the heart of counterfeiting and at the same time will create thousands of jobs within China, will return many millions of dollars back to the owners of brand name goods, as well as generate tax revenue to the Government that will benefit the People of China."
William Chan, CEO of SSTY and STA stated: "This was a great success today. Working with Suneray for the past several months, we have had the opportunity to meet many possible clients while at the same time working with Government organizations to gain national approval of our products and techniques. I am very proud of our own people who have worked very hard to deliver our technology to China in a fashion that has met the cultural, ethical, and economic needs of China. The solution that the Joint Venture we presented to the People of China today creates a tremendous springboard opportunity for us to create similar joint venture partnerships in other parts of Asia."
Mr. Jim MacKay, Chairman of SSTY said: "We have worked very hard for this day and the result has been fantastic. The turnout for our presentation was very good, which indicates to me that our Joint Venture Partnership is off to an excellent start. In my opinion, Suneray, working together with Sure Trace Asia and our own SSTY employees, have done a wonderful job in building a provable anti-counterfeit solution acceptable to the Chinese Government that can be expanded to the rest of the world. A very exciting part of Suneray's Government mandate is that, potentially, every single consumer good produced for both domestic consumption as well as export goods will be marked with a True Product I.D. I am confident that today marks a significant step forward in the business growth of SSTY."
As part of its roll out of products and services in China, SSTY, together with its joint venture partners, determined that the new name for its technology is "True Product I.D." Over the course of the next few weeks, SSTY intends to update its web site to promote True Product I.D.
(This is the third press release after the halt).
09:13 ET PHILADELPHIA--(Business Wire)--Aug 26, 2005--
Sure Trace Releases Shareholder Update; Company Files Litigation against Former Officials of Sure Trace; Company is Cooperating with U.S. and Canadian Investigations
August 26, 2005
Sure Trace Security Corporation (OTC:SSTY.) announced that it has filed a lawsuit against various former officers, directors or representatives of Sure Trace, and their newly formed company, alleging that the defendants have violated non-competition agreements with Sure Trace, misappropriated business opportunities belong to Sure Trace, and engaged in other wrongful conduct designed to damage Sure Trace.
The lawsuit was filed in the United States District Court for the Eastern District of Pennsylvania on August 9, 2005. It is captioned Sure Trace Security Corporation v. James Barry, et al., Case No. 2:05-cv-04216-HB. The case has been assigned to United States District Judge Harvey Bartle III and can be accessed via the U.S. District Court's PACER website at https://ecf.paed.uscourts.gov/.
Sure Trace had previously engaged counsel to investigate the matter, which led to the filing of the lawsuit. It has also engaged counsel to represent Sure Trace in an ongoing formal investigation by the Securities and Exchange Commission, as well as an inquiry being conducted by the Royal Canadian Mounted Police.
Sure Trace management has learned that both investigations appear to focus on whether certain press releases issued by Sure Trace during 2004 and 2005 made proper disclosures of the matters discussed in the releases. Sure Trace's management believes that some of the releases were issued at a time when some of the individuals who have been sued by Sure Trace were in control of Sure Trace.
Sure Trace management has pledged to cooperate fully with both the SEC and the RCMP. That cooperation is ongoing. Sure Trace's counsel has communicated with the SEC in response to questions raised by the SEC staff, and will continue to do so. Comparable cooperation is ongoing with the RCMP. Although Sure Trace is confident that present management has committed no wrongdoing, it has decided not to engage in a public airing of the issues, including the motivations of those who appear to have piqued the interest of the SEC and the RCMP to conduct their investigations. "We will let the facts speak for themselves in our dealings with the regulators," said Mr. Cimino. "At the same time," Mr. Cimino said, "we will fight hard against ongoing attempts by others to besmirch our company and its officers and directors." He also stated: "Personal attacks against individuals associated with Sure Trace are disgusting and demeaning to those making those attacks." He called on those making the attacks to "cease and desist" from further personal attacks.
Mr. Cimino also said that the company continues to work on the development of business alliances in China and the Philippines. Sure Trace and its Chinese joint venture partner conducted a public demonstration last week of Sure Trace's basic technologies. Further developments will be publicly disclosed when warranted.
(This is the fourth press release after the halt}
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.
Since the Chinese public demonstration of its products and services on Wednesday August 17, 2005, which was attended by number of key prospective clients, an edited news version has aired on Chinese National TV station CCTV5 during prime time news on Saturday September 3, 2005. A copy of this broadcast will be available on www.suretrace.com in both English and Chinese in the very near future.
Suneray and Sure Trace Asia are currently building a website (www.trueproductid.com) to specifically address True Product I.D. True Product I.D. is the banner under which our S-DNA is being branded within China by Sure Trace Technology. We have launched our updated website, which now includes a Chinese language version.
Mr. William Chan, CEO of both Sure Trace Security Corporation and Sure Trace Asia stated, "I am very proud of the progress we have made in China. Suneray has proved a most worthy partner. They have opened many doors to Anti-counterfeit business opportunities in China and with our new facilities set up; we are much stronger now to maximize these opportunities. I am also very proud of our Sure Trace Security Corporation staff in their recent successes and continuing commitment in providing training and support to the JV staff and sales force."
Mr. Li, President of Suneray stated, "These new offices and manufacturing facilities give us the sufficient space we needed to satisfactorily carry out the client's specific demands regarding the products and services. Over the next few weeks Sure Trace Technology will have its own website developed and we are happy to see that Sure Trace Security Corporation now has a Chinese language version of theirs which certainly provide a great interaction support in developing our business in China. It is great to see that Mr. MacKay and his team have obviously put a lot of effort in to getting this going with us."
(This is the fifth press release after the halt. I believe that this was the day or during the same week that we started trading again on the grey market)
Sure Trace Security Corporation Updates Financial Reports Available on Pink Sheets News Service
September 22, 2005
PHILADELPHIA, Sept. 22 /PRNewswire-FirstCall/ -- Sure Trace Security Corporation (OTC: SSTY) announced today that it has filed updated financial reports with the Pink Sheets News Service. They are available at http://www.pinksheets.com.
The reports filed include an Interim Financial Report, a Tradability Letter and a Rule 15c2-11 Information Statement. None of the financial statements has been compiled, reviewed or audited by an independent accountant. [The company's financial statements as of and for the years ended December 31, 2004 are currently being audited by an independent accountant.
There can be no assurance as to when the audit will be completed or what the results of that audit will be. Recent changes in management and the difficulty of obtaining information from prior management could affect the ability of the company to present financial statements fairly and in accordance with generally accepted accounting principles.]
About Sure Trace Security Corporation
Sure Trace produces integrators for anti-counterfeiting and security surveillance applications and is a 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: http://www.suretrace.com.
The stock of Sure Trace has recently been suspended by the Securities and Exchange Commission, but the suspension has ended by its own terms. Management of Sure Trace is currently working with the broker-dealer community and regulators to permit quotations to be entered on the Pink Sheets as soon as possible. More information will be provided to the public when circumstances warrant.
(This is the sixth press release after the halt.)
Sure Trace Signs Agreement to Form Joint Venture With U.S. Company That Has Been Providing Security Solutions for Over Twenty Years
October 18, 2005
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.
Amco currently provides security solutions for worldwide use and deals with well-known public and private organizations. Amco is prohibited from mentioning publicly the exact identities of these customers. Amco's President, Gary Metzger, will also sit on the Advisory Board for both True Product ID Technology Limited and True Product ID Technology (Beijing), formerly Sure Trace (Beijing).
James Mackay, STA's Chairman, said, 'Amco's technology further enhances our existing suite of technologies and will allow us to reach the market in a relatively short period. We are also pleased that Mr. Metzger has agreed to sit on our Advisory Board. He will also bring both contacts and years of operational experience to the company.'
Founded in 1955, Amco distributes and produces custom compounds, dry color, additives and master-batches and anti-Counterfeiting taggants and technologies. Amco offers unique anti-counterfeiting taggants and taggant combination technology, including additives and master-batches for the system and the scanner system and software, to make finished products difficult, if not impossible to counterfeit.
About Sure Trace Security Corporation
Sure Trace produces integrators for anti-counterfeiting and security surveillance applications and is a 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: http://www.suretrace.com.
The stock of Sure Trace has recently been suspended by the Securities and Exchange Commission, but the suspension has ended by its own terms. Management of Sure Trace is currently working with the broker-dealer community and regulators to permit quotations to be entered on the Pink Sheets as soon as possible. More information will be provided to the public when circumstances warrant.
(This is the seventh press release after the halt.)
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.
The signing ceremony was held on September 28, 2005 at the China National Institute of Standardization. Due to a national holiday, the finalization of all required documentation was not completed until recently. In the ceremony, speeches were made by Mr. Qi Xuan, Mr. Li Ning and Mr. James Mackay. Mr. Qi Xuan awarded the JV, True Product ID Technology (Beijing) Limited with an honor certificate of "Promotion Unit of Anti-counterfeiting Technologies Application Designated by Protected Key Brands of China National Joint Rights Maintenance Cooperation Network of Brand Enterprises Market Inspection System".
Mr. Qi Xuan also awarded Mr. James Mackay with a letter of appointment as the "Vice Chairman of China National Joint Rights Maintenance Cooperation Network of Brand Enterprises". Mr. James Mackay was named Vice Chairman of Nation Brand 315 Cartel. Brand315 provides security labels to the top 600 of China's national brands. Their clients cover all areas of consumer goods and collectively their clients distribute substantially into the billions of units of goods.
In step with the Peoples Republic of China Government' initiatives to stop counterfeiting and contraband, Brand315 has been searching for technology to augment its current products. Management of SSTY believes that SSTY's S-DNA brand protection technology works well with Brand315 label systems as S-DNA can be easily applied to the labels.
Mr. Li, President of True Product ID Limited stated, "We are very proud of this agreement. We view Brand315.com as a perfect partner for True Product ID as they already have a strong business relationship with many of China's major Brands and give True Product ID a tremendous opportunity to close business quickly."
Mr. James Mackay added, "Brand315.com has the full support of the Government of China. Both the Government and the Brands are committed to stopping counterfeiting and together we offer a powerful solution at an affordable price."
In other news, SSTY has commenced the search for a Chief Operating Officer for its Chinese operation. As part of its search, SSTY has updated its web pages to include a Jobs and Careers section as SSTY anticipates the need for additional staff to meet its obligations to support the efforts of STA and its Joint venture Partner, True Product ID.
(This is the eight press release after the halt.)
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.
Newly appointed CEO for GSC, Mr. Cameron Moriarty, stated, "The completion of all documentation for French Authorities now allows us to focus on delivery of our GEOLOCATION tracking technologies. GSC is well-established in France as a leader in security technologies and now we can begin to introduce these products and services to the rest of the world."
The management of Sure Trace believes that, with the purchase of GSC completed, it now has one of the most effective mixes of tracking and tagging security services available in the world.
Mr. Moriarty will step down as COO and member of the Board of Directors of the parent company, Sure Trace, and will assume the position of Gerant/CEO of GSC. Mr. Jean Gilles Subervie, former CEO of GSC, will relinquish that position and assume the position of CTO, a role he also maintains with the parent company.
(This is the ninth press release after the halt.)
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 ...
True Product ID demonstrated its security solutions including S-DNA, its track and trace system - KMACK, and the world's first Personal Biometric Fingerprint ID system. The meeting is the culmination of months worth of effort and organization to deliver a complete security package to the people of China, setting a new world standard for document, consumer product, and personal security solutions.
Mr. William Chan, CEO of both Sure Trace and Sure Trace Asia, stated, 'Today was far more than a mere milestone in our goal of providing a superior security solution. Today we had and took the opportunity to show some of the most powerful and important decision makers in all of China how our combined technologies can benefit the people, the economy in terms of jobs and taxes, and in fact the whole of the world.'
Mr. Li, President, True Product ID, stated, 'Over the past few months we have held many presentations with various corporations within China. Now that we have been accepted as a security standard by the Central Government these corporations will act quickly to participate in our project. I am proud of our results and of the great effort and dedication shown by our staff. I am also very happy for the People of China as what we offer will improve their very lives.'
Mr. James MacKay, Chairman of SSTY, STA, and True Product ID, in his opening remarks at the presentation stated in part, 'The fact we are all here today shows that the Government of China is not just talking but in fact taking action and leading the way to establish a world standard to fight crime in the form of counterfeiting, identity fraud, and contra-band.'
(This is the tenth press release after the halt.)
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.
Initially, Innov-X will manufacture/assemble the Innov-X XRF elemental Scanners, software and related intellectual property (including all enhancements and revisions/redesigns thereto) in its present facilities in the US, however due to the anticipated increase in the volume of Scanners required, Innov-X will set up a manufacturing operation in China for the sole purpose of producing Scanners for delivery to Sure Trace and its China-based clients.
The units will be private labeled under the True Product ID brand name and can be designed/redesigned by Innov-X in conjunction with Sure Trace to fit its specific clients' needs. The manufacturing of Scanners in China goes into effect after Sure Trace meets certain order minimums, which the Company's management feels it will presently achieve.
(This is the eleventh press release after the halt.)
November 18, 2005
SSTY Seeks to Enter North American Market
BEIJING and PHILADELPHIA, Nov. 18 /PRNewswire-FirstCall/ -- Beginning in January 2006, Sure Trace (OTC Bulletin Board: SSTY) plans to hold a series of public demonstrations of Sure Trace's products and services across the United States in an effort to recruit potential distributors. Management believes that Sure Trace's True Product ID Solution, which has been chosen by a variety of sectors in China to be their anti-counterfeiting, tracking and authentication solution of choice, can achieve global leadership in commercializing these vital solutions.
Sure Trace is seeking to become the standard for anti-counterfeiting solutions. The potential market for such products is immense. Sure Trace believes that its solutions have the technical characteristics that, once exposed to the market, will prove very attractive to both industry and government. In its initial foray into the North American market, the company is targeting Los Angeles, Miami, New York and Dallas for the Expos designed to recruit North American distribution.
Sure Trace plans to host two demonstrations per city. The afternoon sessions will be programmed and designed for potential distributors and evening sessions will be designed for potential investors. During the demonstrations, potential distributors will learn our price strategy, business plan, business model, and how to operate a distributorship. Sure Trace will reveal to potential investors what Sure Trace believes makes it a potentially dominant commercial force in the field of anti-counterfeiting, tracking and authentication solutions. Sure Trace believes that its software database, different levels of security products and ability to be commercially ready now will combine to enable it to begin developing a network of distributors in North America, starting in 2006.
James Mackay, the Company's Chairman stated: 'I believe in the integrity of our product and Company. It is now time for the public to see, through public demonstrations, the fact that Sure Trace has positioned itself to be the leader in the field of anti-counterfeiting solutions. Sure Trace has developed partnerships in China that are based on the quality of its product and its adaptability to practical uses. Our goal in China was to help the Chinese Government combat the global problem of counterfeiting. I believe the outcome of these demonstrations in the U.S. will prove the value of the product to the North American market.'
Sure Trace also plans to hold a conference call with shareholders and other interested parties on Monday, November 21, 2005 at 6:00 PM EST. Information on how to participate is posted at http://www.suretrace.com .
(This is the twelfth press release after the halt.)
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.'"
(This is the thirteenth press release after the halt.)
November 30, 2005
Sure Trace to Release Video Update to Shareholders From Chairman of the Board of Directors
BEIJING and PHILADELPHIA, Nov. 30 /PRNewswire-FirstCall/ -- Sure Trace Security Corporation (OTC: SSTY - News) announced that as part of SSTY's ongoing commitment to be responsive to shareholder requests for frequent updates and information regarding current and planned activities by SSTY, its subsidiaries, and affiliate companies, a video interview will be released by Mr. James MacKay, the Chairman of its Board of Directors, on Monday, December 5, 2005. The Company encourages shareholders to participate by sending questions to info@suretrace.com. To the extent that the SEC disclosure rules allow, all questions will be answered.
(This is the fourteenth press release after the halt.)
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.
The opening of R&D facilities in China will allow the Company to reduce development costs and overhead while also making delivery of the tracking system in China more cost effective.
MORE ABOUT THE TRACKER
GSC's tracking module is a highly sophisticated technology, which utilizes three geolocalization processes comprising: 1) GPS (Satellite locator); 2) GSM (mobile locator); and 3) Radio (Gognometric Doppler effect system). It has an onboard memory which saves all data and can be controlled via a laptop computer coordinated with a control center & GSC's proprietary logistical software, which is ready as well.
(This is the fifteenth press release from other sources after the halt.)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
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.
The next is the posting on the company’s website about the January 26th video update.
CHECK IT OUT - 09-01-06: Chairman of the board, Mr. James Mackay, will release a Video update on Thursday January 26th.
January 25th, 2006
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
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.
With the addition of the cooperation agreement, TPiD can now not only mark products but can ensure the proper use of the technology in its utilization and assist in conducting its enforcement in the field ... across the entire spectrum of products and goods that are tagged. This enforcement workforce will monitor all the items tagged through every contract that TPiD enters into across the country.
Within China, the Ministry of Industry and Commerce is one of the Government or civil agencies charged with the responsibility to provide field authentication of consumer products. Through the co-operation with the China Consumer Journal which also produces anti-counterfeiting labels similar to Brand315 (see November 14, 2004 PR), TPiD will work with the Ministry of Industry and Commerce to provide them with SSTY's scanning and KMACK technologies.
Chairman Mr. James MacKay, who has personally spearheaded SSTY's efforts in China for the past year, stated, "I am always pleased to see forward progress and believe that we are seeing only the beginning of a series of contracts in China. Based on the magnitude of exports from China to the rest of the world we are getting tremendous response from importers in both North America and Europe."
SSTY has this week kicked off its initial drive to establish a sales force in North America with end user and cooperative reseller and/or marketing partnership meetings taking place in Philadelphia and Chicago.
As a matter of policy, SSTY generally does not disclose specific valuation and volume information concerning individual contracts, unless such disclosure is required by applicable law. SSTY believes that keeping such information confidential is beneficial to client development.
Sure Trace Security Corporation Announces New Contract in China for JV
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.
Also the Company confirmed that the scheduled Chairman's video will be available later today on its website.
About Sure Trace Security Corporation
Sure Trace produces integrators for anti-counterfeiting and security surveillance applications and is a 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: http://www.suretrace.com.
There is only one market maker on this stock and becaue of the risk, it is only match trades and the market maker wants a huge spread. You can buy at .004 but you have to sell at .002.
Yes I believe in the company. I have done enough research to feel comfortable with my investment. Cimino and the jv partners have secured china through Brand 315 network. China loves this technology and will apply it in many aspects of industry and commerce. It is only a matter of time till the rest of the world recognizes this tech as the solution for many security, authentification and anti-counterfeit applications.
I have not tried to sell any recently and don't plan to. I am only accumulating now.
KEY CHINA TRADE OBJECTIVES AND PRIORITY GOALS
Below is an assessment of the current status of the six key trade objectives for China, a summary of outstanding issues and opportunities, and a list of practical, short-to medium term priority goals. The priority goals are based on an assessment of their relative importance to U.S. economic interests, their appropriateness within the context of China’s multilateral and bilateral obligations, and – where they exceed the scope of China’s current obligations – China’s potential amenability to negotiate “win-win” resolutions. The interagency group stressed that it was important to understand the obstacles and challenges we and the Chinese face in pursuing these goals, so that we can develop the most effective strategies for achieving them.
Objective 1. Participation
Current Status. The watershed event in integrating China into the global rules-based system of international trade was its accession to the WTO in 2001, based upon the bipartisan policy endorsed by Congress in the 1990s. China is also a member of a number of regional or sectoral trade-enhancing institutions, including Asia Pacific Economic Cooperation (APEC), World Intellectual Property Organization (WIPO), Codex Alimentarius Commission (Codex), and the International Plant Protection Convention (IPPC).
Outstanding Issues and Opportunities. Although China is becoming an increasingly active member within those organizations, it still plays a modest role relative to its economic and political heft. China also remains outside of several key trade arrangements, including the WTO Government Procurement Agreement (GPA), WIPO Internet Treaties, and the World Organization for Animal Health (OIE). In addition, it has participated on only a limited basis in a number of important organizations that enhance trade by developing international standards, including the IPPC, Codex, the International Organization for Standardization (ISO), the International Telecommunications Union (ITU), the International Electrotechnical Commission (IEC) and the Institute of Electrical and Electronics Engineers (IEEE).
Priority Goals. The interagency group identified the following priority goals to help ensure more constructive participation by China in the global rules-based system of international trade:
• Secure more active and constructive participation of China within the WTO’s Doha Development Agenda (DDA) negotiations, which offer the world a once-in-a-generation opportunity to break down barriers to greater international trade and prosperity.
• Have China join the WTO Government Procurement Agreement (GPA), accede to the WIPO Internet Treaties and join OIE.
• Secure more active and constructive participation by China in international standard-setting organizations including the IPPC, Codex, ISO, ITU, IEC and IEEE.
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Obstacles and Challenges. Obstacles to accomplishing these priority goals include, with respect to GPA, Chinese government concerns about limitations on their ability to favor domestic industries following accession to the GPA, as well as concerns about insuring compliance by local government offices with GPA rules; with respect to DDA, China’s standing with certain developing countries who do not favor further opening and its own reluctance to open further; and with respect to OIE, Taiwan’s membership in the organization.
Objective 2. Implementation and Compliance
Current Status. China’s most comprehensive trade commitments were made in the context of its accession to the WTO, though it has important bilateral commitments to the United States as well, principally made in the context of the JCCT. USTR issues comprehensive annual assessments of China’s compliance with and implementation of its WTO commitments, based on discussions with industry associations, and written submissions and oral testimony provided pursuant to notice in the Federal Register. This report has been informed by the results of those assessments.5
Outstanding Issues and Opportunities. IPR enforcement is one of China’s greatest shortcomings. The United States took several aggressive steps in 2005 in an effort to obtain meaningful progress in this area. First, the United States conducted an out-of-cycle review under the Special 301 provisions of U.S. trade law. At the conclusion of this review in April 2005, the Administration elevated China to the Special 301 “Priority Watch” list and set forth a comprehensive strategy for addressing China’s ineffective IPR enforcement regime, which included the possible use of WTO mechanisms, as appropriate. The United States immediately began to pursue this strategy during the run up to the July 2005 JCCT meeting, and China subsequently agreed to take a series of specific actions designed to increase criminal prosecutions of IPR violators, improve enforcement at the Chinese border, counter piracy of movies, audio visual products and software, address Internet-related piracy, and assist small and medium sized U.S. companies experiencing China-related IPR problems.
Because a lack of transparency on IPR infringement levels and enforcement activities in China has hampered the United States’ ability to assess the effectiveness of China’s efforts to improve IPR enforcement, the United States also submitted the first ever information request to China under Article 63.3 of the TRIPS Agreement in October 2005. The United States’ request, made in conjunction with similar requests by Japan and Switzerland following outreach to these countries by the United States, seeks detailed information from China on its IPR enforcement efforts over the last four years.
Other key areas where limitations in China’s implementation and compliance efforts continue to cause trade friction include: (1) services sectors in which Chinese regulators continue to frustrate the efforts of foreign suppliers to achieve their full market potential in China through the use of an opaque regulatory process, overly burdensome licensing and operating requirements, and other means; (2) industrial policies that appear to limit market access by non-
5 The most recent assessment, issued in December 2005, can be found on the USTR Web page at www.ustr.gov/assets/Document_Library/Reports_Publications/2005/asset_upload_file293_8580.pdf.
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Chinese origin goods or bring substantial government resources to bear to support increased Chinese production and exports; (3) China’s failure to fully implement its WTO subsidy obligations, particularly with respect to (i) prohibited subsidies and (ii) providing notification of its subsidies to the WTO, as required by WTO rules and as it committed to do at the 2005 JCCT; (4) promulgation of standards and other technical regulations that appear to favor locally-produced products, and discriminatory enforcement of standards against non-Chinese products; (5) selective intervention in the agriculture market by Chinese regulators; (6) administration of China’s antidumping laws in ways that appear inconsistent with WTO requirements; and (7) inadequate regulatory transparency and uneven application of laws.
Priority Goals. Although, as reported above, China has made significant progress in meeting its international trade commitments, it continues to fall short in a number of areas. Ensuring full compliance and implementation is critically important, both to preserving domestic U.S. support for our policy of constructive engagement and to ensuring that China itself reaps the benefits of its integration into the global trading system. Consistent with the list of outstanding issues noted above, the interagency community identified the following as priority areas for U.S. government efforts to secure improved Chinese implementation and compliance:
• Greatly enhanced IPR protection.
• Elimination of market access barriers for services (especially telecom, distribution, and construction) that may be inconsistent with China’s WTO obligations.
• Elimination of subsidies, industrial policies and preferences for state-owned enterprises, including state-owned banks, that may be inconsistent with China’s WTO obligations.
• Ensuring that standards, technical regulations, and conformity assessment procedures are promulgated and implemented in accordance with WTO requirements.
• Elimination of sanitary and phytosanitary barriers and export subsidies for agricultural products that may be inconsistent with WTO requirements.
• Ensuring that China’s administration of antidumping laws is consistent with WTO requirements.
• Ensuring that China complies with WTO requirements regarding transparency and uniform application of laws.
Obstacles and Challenges. Many of the shortfalls in China’s implementation and compliance efforts stem from China’s incomplete transition from a state-planned to a market economy. Not all Chinese officials or government departments have fully embraced the key WTO principles of market access, non-discrimination, and national treatment, nor has the Chinese government fully institutionalized market mechanisms and made its trade regime predictable and transparent.
While China has made some important progress, it continues to use an amalgam of administrative measures and traditional industrial policy instruments such as preferential tax
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rates to promote or protect favored sectors and industries, and these tools at times collide with China’s WTO obligations. These are important trade issues, in part because the industries most affected by the protectionist instincts of some Chinese officials and by shortcomings in China’s IPR protection are often those where the United States is most competitive.
The particular obstacles and challenges impeding full implementation and compliance by China vary from obligation to obligation, but they include: lack of consensus within China’s government and competing Chinese government priorities, including differences in views among China’s national, regional and local government officials; systemic rule of law problems in China; and inadequate Chinese capacity to achieve compliance with certain obligations.
The challenge for the United States in monitoring – and seeking to secure – implementation and compliance is enhanced by: difficulty in obtaining data needed to support potential U.S. trade actions; challenges in collecting data from, and achieving consensus among, multilateral/U.S. stakeholders; lack of transparency in China’s use of subsidies, including the failure of China to notify its subsidies to the WTO; difficulty in determining precise causes for China’s non-compliance, so that appropriate and effective responses can be undertaken; difficulty in measuring progress in Chinese compliance for specific obligations; the need for rapid responses to the common Chinese pattern of delay, partial implementation, and creation of new barriers; and complications in dealing with overlapping Chinese agency jurisdictions.
Objective 3. Enforcement of U.S. Trade Laws
Current Status. The Department of Commerce’s Import Administration in 2004 created a new 78 position China/Non-Market Economy (NME) Unit to oversee the investigation of NME cases and enforce U.S. trade laws against injurious, unfairly-priced imports. This restructuring successfully concentrated China/NME experts in one office, leading to better and more consistent determinations. Commerce currently has approximately 70 antidumping proceedings pending against Chinese merchandise, more than for goods from any other country. In addition, Commerce recently adopted a new policy that increases the effectiveness of antidumping orders by preventing Chinese suppliers from switching exporters to evade antidumping duties.
The United States has also worked to block counterfeit and pirated goods at the U.S. border. Since 2000, annual seizures of counterfeit and pirated goods at U.S. land borders and seaports are up 125%. The number of U.S. International Trade Commission proceedings instituted to enforce intellectual property rights and to prevent imports of infringing goods from China and other countries is up more than 80% over the last five years, when compared to the previous five years.
Further, the United States has increased U.S. enforcement of a prohibition on importing goods made with forced or bonded labor, including prison labor.
Outstanding Issues and Opportunities. The volume of counterfeit goods from China seized at the U.S. border continues to rise. Commerce will be working aggressively with Customs and Border Protection to track down Chinese shippers that have evaded duties. In addition, USDA is
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increasing monitoring of China’s agricultural trade compliance, particularly in the area of sanitary and phytosanitary (SPS) requirements.
Priority Goals. Interagency agreed priorities in this area include:
• Ensuring full and transparent enforcement of U.S. trade remedy laws and agreements (e.g., antidumping, Sections 201 and 421 of the Trade Act of 1974, as amended, Section 337 of the Tariff Act of 1930, as amended, and the U.S.-China MOU on Textiles).
• Ensuring China’s compliance with U.S. rules for ensuring food safety, and for preventing U.S. importation of invasive species (via agricultural imports, in wood packing materials, etc.) through: (a) completion of thorough risk analysis of China’s market access requests for animal and plant products, (b) increased surveillance of China’s food safety system, and (c) enhanced port inspection of imported Chinese agricultural products.
• Seizing, at U.S. borders, counterfeit products and products made with forced or bonded labor.
Obstacles and Challenges. Challenges in achieving these priority goals include rapid increases in uneconomic Chinese production capacity and output in numerous industries – particularly when facilitated by Chinese government intervention or inaction – resulting in problems with overcapacity and subsidized products; rapidly increasing volume of exports of counterfeit products from China; an inadequately developed regulatory system in China to monitor and control pests and diseases to ensure overall food safety; and lack of sufficient USDA/APHIS staff in China to effectively work with China’s government on capacity building.
Objective 4. Further Market Access and Reform
Current Status. Although China launched a program of domestic economic reform and openness to the outside world in 1979, in many sectors China has yet to embrace a significant opening of its domestic markets to international competition. By seeking to enhance our access to China’s markets, U.S. trade policy has encouraged China’s domestic economic reform process and sought more balanced opportunities in our bilateral trade relationship. More broadly, the United States is urging China to look beyond the scope of its current commitments and play a role in strengthening the international trading system commensurate with its commercial heft and the level of benefit it has obtained from that system.
There has been some progress and opening beyond what was negotiated as part of China’s WTO accession. For instance:
• China has taken steps to improve regulation and liberalization of the financial sector and opened several cities ahead of schedule for foreign banks’ domestic currency business.
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• Maritime authorities signed a far-reaching bilateral maritime agreement in 2003 that helped open markets for American shipping by allowing U.S. carriers to open full branches in China and operate without restrictions.
• The United States and China signed a landmark aviation agreement in 2004 that greatly expands opportunities for U.S. air services over the next six years. The agreement provides for a major expansion of both passenger and cargo air services between the two countries over this time period (e.g., overall weekly flights permitted between the two countries will increase on phased basis from 54 to 249).
• In 2004 and 2005, China expanded its cotton import tariff-rate quota to more than double its WTO commitment.
Moreover, dialogue in this area continues. The State Department and China’s economic planning authorities (the National Development and Reform Commission (NDRC)) launched in 2003 the U.S.-China Economic Development and Reform Dialogue to discuss structural issues, such as using market approaches to achieve energy security and improving the investment climate. Treasury’s U.S.-China Joint Economic Committee (JEC) dialogue, begun in 1980, has emphasized in recent years the need for China introduce greater exchange rate flexibility and take steps to reform its financial system and open it up for greater foreign investment. Both the JEC and the State-NDRC Dialogue have also encouraged China to stimulate domestic consumption (rather than exports and investment) as a source of growth. Similarly, the Department of Commerce has organized a variety of programs with Chinese regulators and legislators aimed at deepening China’s reforms in areas of key economic interest to the United States, including in logistics; standards and conformity assessment; healthcare; and chemicals notification. In addition, the Department of Labor has initiated cooperative programs with the Chinese Ministry of Labor and Social Security that address the issues of coal mine safety and labor rule of law.
However, as discussed in greater detail below, there are a number of areas in which Chinese policies effectively preclude U.S. companies from meaningfully accessing China’s markets.
Outstanding Issues and Opportunities. In many areas, China has taken the position that further market opening can only be made in the context of the ongoing Doha Round of multilateral trade negotiations, and then, in Doha negotiations, has maintained that recently acceded WTO members like China should have limited or no additional obligations. There are still important areas of the Chinese economy where non-market forces play a significant role, and where government decision-making is not well-anchored in market principles. These problems are exacerbated by persistent transparency and rule of law issues, which continue to constrain Chinese economic reform and limit opportunities for U.S. goods and service providers to participate more fully in the Chinese market.
Priority Goals. As noted above, while China has made certain limited efforts to reform and open its domestic markets beyond the scope of its WTO commitments, much more remains to be done. The following are priority areas:
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• Promoting reliance on market forces to allocate resources rather than on administratively implemented outcomes (e.g., in the steel and auto sectors).
• Fostering a rules-based competitive environment in China for foreign and domestic interests alike, including through application of non-discriminatory competition laws and policies (e.g., a sound anti-monopoly law; reliance on voluntary, industry-led standards; elimination of barriers created by provincial and local governments; and elimination of government control of business interests).
• Expanding market access in IPR-intensive sectors, such as the audiovisual and publishing sectors.
• Addressing limitations on market access and regulatory barriers in the telecommunications and other services sectors.
• Achieving greater market access and expanded scope of business in financial services.
• Ensuring independence of regulators (especially in the postal and telecom sectors).
• Reducing tariff and non-tariff barriers for manufactured and agriculture goods of competitive interest to U.S. firms.
• Promoting reform of the healthcare system to promote patient choice, support innovation, and ensure quality, based on the principles of transparency, objectivity and sound science.
Obstacles and Challenges. Obstacles to further progress vary by issue, but they fall into the following broad categories: competing priorities and lack of consensus within China’s government in support of further reform and opening (including a belief by some Chinese officials that industrial planning and government intervention in the market are key to China’s economic success); significant socio-economic demands; inadequate capacity to carry out reforms; fears of foreign economic dominance; and inefficiencies in the State sector (e.g., overcapacity and underemployment).
Objective 5. Export Promotion
Current Status. The U.S. government has devoted significant resources to promoting U.S. exports to China, which has helped increase U.S. exports to China by 156% over the past five years. The foreign services of the Departments of Commerce and Agriculture have their largest overseas presences in China (the Commerce Department’s Foreign Commercial Service (FCS) stations 22 American officers and 85 local hires at five posts in China; the Foreign Agricultural Service (FAS) and Animal and Plant Health Inspection Service (APHIS) combined station 12 American officers and 32 local hires in three cities in China).
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The Foreign Commercial Service’s China posts reported 544 export successes in FY2005, totaling $12.3 billion, while U.S. food and agriculture exports to China have risen dramatically over the past five years, to reach $6.2 billion in 2004. Each service runs China-specific initiatives. For example, in 2005, the Commerce Department announced two new China initiatives to assist U.S. exporters: The China Business Information Center (CBIC), a one-stop shop for U.S. companies to explore opportunities and address challenges to doing business in China; and the American Trading Centers, which expand the Foreign Commercial Service’s on-the-ground export promotion capabilities to 14 additional major Chinese markets. The State Department officers in the large and growing Economic Sections at the Embassy and consulates also provide critical market information to U.S. businesses and support the operations of FCS and FAS as part of an integrated Mission-wide strategy
Outstanding Issues and Opportunities. In many cases, market access is still limited by a variety of factors to major coastal population centers. As China continues to improve its infrastructure, export promotion efforts can substantially increase U.S. exports to large inland cities in China.
Moreover, many potential U.S. exporters, particularly small and medium-sized enterprises (SMEs), are unfamiliar with the China market and export opportunities that may exist there. While U.S. SME exports to China are in line with U.S. SME exports to the rest of the world (at about 30 percent of total exports), further outreach to SMEs still promises to lead to substantially increased U.S. exports to China.
Priority Goals.
• Increasing exports to areas other than major coastal population centers.
• Promoting familiarity of U.S. exporters, particularly SMEs, with the Chinese market and export opportunities.
• Maximizing U.S. high-tech exports to China while ensuring that security concerns are appropriately addressed.
• Focusing export promotion efforts on goods and services sectors in which U.S. businesses are competitive and where there is actual or potential Chinese demand.
• Ensuring that U.S. government efforts to achieve Chinese compliance with WTO and bilateral obligations and further market access and reform are guided in part by U.S. export potential in particular product and service sectors.
Obstacles and Challenges. Obstacles to achieving our export promotion priorities include insufficient knowledge of the Chinese market among U.S. firms and the expense of entering the market, especially for SMEs; China’s desire, in services sectors, to allow only the biggest and best to enter the market; lack of effective IPR protection in China; challenges in arranging end-use visits in China to facilitate trade in sensitive high-technology items; and, in agriculture particularly, continuing Chinese government desire to manage trade flows in sensitive products.
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Objective 6. Proactive Identification and Resolution of Trade Problems
Current Status. The United States and China have pursued a robust dialogue on economic and trade issues throughout the three phases of our bilateral trade relationship. Key bilateral dialogues include:
• The U.S.-China Joint Commission on Commerce and Trade (JCCT), established in 1983 by the Chinese Minister of Foreign Economic Relations and Trade and the U.S. Secretary of Commerce, and since the end of 2003, led by Vice Premier Wu Yi on the Chinese side, and by the Secretary of Commerce and United States Trade Representative on the U.S. side;
• The U.S.-China Joint Economic Committee (JEC), established in 1980 by the Chinese Minister of Finance and the U.S. Secretary of the Treasury, with expanded participation in 2004 and 2005 to include leaders of the People’s Bank of China (the central bank), the National Development and Reform Commission (NDRC) and heads of the key U.S. and Chinese financial regulators;
• The Joint Liaison Group (JLG), established by the U.S. State Department’s Legal Advisor and China’s Foreign Ministry in 1997;
• The U.S.-China Economic Development and Reform Dialogue (State-NDRC Dialogue), established by China’s National Development and Reform Commission (NDRC) and the U.S. Department of State in 2003; and
• The Joint Committee on Cooperation in Agriculture (JCCA), established by the Chinese Ministry of Agriculture and the U.S. Department of Agriculture in 2003.
Each of these fora deals with issues related to U.S. trade with China. In addition, the State Department has established, at our Embassy in Beijing, one of the largest Economic Sections of any of our overseas missions, and includes a trade policy unit dedicated to assessing China’s policy and regulatory issues that impact market access for U.S. goods and services. Economic sections in each of our four consulates, for instance, support the Ambassador’s continuous efforts to strengthen China’s intellectual property rights enforcement through regular contact with China’s central and provincial governments. At the same time, U.S. and Foreign Commercial Service and Foreign Agricultural Service officers also posted at the Embassy and consulates collect and disseminate information on local regulations and practices that impact U.S. commercial interests.
In sum, hundreds of working-level exchanges on trade-related matters are held each year between U.S. and Chinese officials representing numerous ministries and departments. On the U.S. side alone, over twenty Executive branch departments and agencies play a role in the
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bilateral trade relationship with China.6 These channels, together with bilateral meetings involving the President and other senior U.S. officials, have generally been used to achieve the successes in our bilateral trade relationship noted above.
Outstanding Issues and Opportunities. U.S. officials have generally devoted resources to resolving the numerous problems brought to our attention by industry, members of Congress, and other interested parties. U.S. policy formulation could benefit from the dedication of resources to analyzing long term-trends and anticipating and addressing early on trade problems that may arise. Moreover, as noted above, China trade issues involve numerous U.S. government departments and agencies. Therefore, as the U.S.-China trade relationship continues to expand rapidly and becomes increasingly complex, the U.S. government will need to increase its information collection and analysis capabilities related to U.S.-China trade and strengthen interagency coordination, in order to identify challenges early and proactively engage to address them before they become major problems.
Priority Goals. In order to ensure proactive identification and resolution of bilateral trade problems, the interagency group concluded that our formulation and implementation of trade policy towards China should include the following elements:
• Coordinated U.S. government interagency focus on specific priority trade goals. This can help ensure that the Chinese government receives clear and consistent messages from U.S. government officials, and that the diverse capabilities and resources of the U.S. government are coordinated and focused on the most important issues.
• Effective monitoring and measuring of China’s compliance with specific obligations. As noted above, developing objective and well-founded metrics has been a difficult challenge in assessing and responding to shortfalls in China’s WTO implementation, particularly in areas such as IPR protection, subsidies and SPS matters.
• Enhanced capability to obtain and analyze comprehensive, forward-looking information regarding China’s trade regime and practices. An accurate and detailed understanding of the causes for China’s non-compliance or unwillingness or inability to fully address specific trade concerns is necessary so that we can develop appropriate and effective responses to specific problems. Moreover, effective gathering of complete and compelling data needed to support specific negotiations and dispute resolution activities is especially important as we move into the third phase of our bilateral trade relationship with China and focus more on issues that have been relatively difficult to resolve through simple dialogue.
6 For example, member agencies of the Trade Policy Staff Committee (TPSC) and the Trade Policy Review Group (TPRG) include the Departments of Commerce, Agriculture, State, Treasury, Labor, Justice, Defense, Interior, Transportation, Energy, Health and Human Services, Homeland Security, the Environmental Protection Agency, the Office of Management and Budget, the Council of Economic Advisers, the Council on Environmental Quality, the International Development Cooperation Agency, the National Economic Council, and the National Security Council. The U.S. International Trade Commission (USITC) is a non-voting member of the TPSC and an observer at TPRG meetings. Representatives of other agencies also may be invited to attend meetings depending on the specific issues discussed. The Office of the U.S. Trade Representative chairs the TPSC and the TPRG.
22
• More formalized input from relevant stakeholders to help identify and address prospective problems. Outreach is important to ensure that we are apprised of all relevant issues and options for dealing with them, and that support for implementation of solutions will be provided as needed. Relevant stakeholders include:
o Congress;
o The private sector;
o All levels of the Chinese government; and
o Other trading partners.
• Development of a full range of options for addressing concerns. The most effective approach or combination of approaches for dealing with a particular issue depends very much on the nature of the specific problem being addressed and the obstacles that must be overcome. Possible options, which should be implemented without prejudice to the rights of U.S. industry to seek relief under U.S. trade remedy laws, include:
o Collaborative (“win-win”) initiatives, including capacity building;
o High-level and working-level exchanges;
o Public and private sector initiatives;
o Bilateral and multilateral initiatives; and
o Recourse to remedies available under the WTO or U.S. law.
Obstacles and Challenges. Although, as noted above, the United States seeks proactively to identify and resolve trade issues with China before they become irritants, this is difficult to do with any sizable trading partner. It is particularly difficult in the case of China because: domestic economic developments, trends and government decision-making in China are not always transparent; the magnitude and pace of China’s economic development and export expansion are unprecedented in the history of the international trading system; and important actors in the Chinese government (including central, provincial and local authorities) and Chinese industries are not wholly committed to fundamental norms of international trade. Such norms include opening markets and reducing trade barriers for foreign goods and services, protecting intellectual property rights; and upholding transparency and the rule of law. 23
Shell companies come in all shapes and sizes, we just don't know at this point. Hopefully they have found a shell with little debt, and most of the outstanding shares held by the company. Usually their business plan did not work out otherwise they would not be a shell. The main thing is that they are current on their filings and we use it to move to the otcbb.
Cimino refers to it as a shell in this transcript of the latest video.
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.
They are buying a shell then putting in place the new ceo and management team. From the transcript of the video.
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.
spiritthing, you have have a good point. We will find out soon. I expect the company to give more details in the next week.
I would not count on ssty being off the greys by March 16th. Acquiring the shell that is already trading on the otcbb was done to attract more investors that will not buy into a grey market stock. Then by appointing a new CEO and management team that has the experience in global marketing should take ssty/tpid global. Cimino stated they have more business than they can handle with the present management structure, and more contracts will come from U.S. and Europe.
The new ceo was selected by Stephen W. Ching. our new attorney, if you look at Stephens bio, he has huge connections with china and multinational companies that do business with China. The new CEO is definately a well know person to have worked with NATO, Homeland Security and the Rockefeller Foundation. I have seen stocks go through the roof when a well known figure with lots of experience takes over as CEO. The new company is just a shell, the most important thing is who is the new CEO.
The company will be required to issue a press release outlining the details of the transaction including the terms of the dividend as it applies to shareholders. The new company as well as Suretrace will be required to file a form 8k soon in order for the transaction to be completed by the 16th of March.
Chucker, we just don't have enough information yet to even speculate on the share structure or what the ssty shareholders will get in the dividend. It is not an ipo, you will still retain your 3m shares in ssty and they will be free trading. The dividend will be restricted for probably 6 monts to a year. Cimino stated that we will have the same position in the new company via the dividend as we have in ssty, whether he means as a percentage of the new company or if he means in the same amount of shares. We just don't know yet. If it is the same amount of shares then the shell will increase its share count to mirror what ssty has now and will distribute the dividend 1 for 1 of ssty shares. If it is a percentage and the new company has 500 million shares then the ratio would be 5.4 to one or 555,555 shares of the new company if you own 3 million shares of ssty.
Again it is too early to speculate. As far as Globe Staff goes, the company will use the same template when they take Globe Staff public. They will issue a dividend to ssty shareholders in that company, so it will pay you to hold your freetrading ssty shares. Also with ssty getting 5% of the gross from tpid and a monthly fee with no burdon of expenses, they will be able to acquire more companies in the our business and spin these companies off to us shareholders.
spiritthing, I don't remember saying the shell was from Utah. SSTY was incorporated in Utah, but is now incorporated in Pennsylvania. As far as AVNA being our shell, I would doubt that is the case. The type of business the shell company does currently may have nothing to do with ssty's type of business. It is merely a shell that is for sale. If you want to do some research, try to find out who the new ceo is going to be. He or she has been involved with NATO, Homeland Security and the Rockefeller foundation and has had experience in global marketing for multinational companies.
One percent is huge, you are going to be a very rich man.
SSTY has approx 2.7 billion outstanding shares.
Transcript of video 2/11/06
This took some time but I typed out word for word a transcript of the 2/11/06 video. Here it is:
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.
THE SPLENDOR OF CHINA
For the next several decades, the eyes of the world
will be on China.
• The 2008 Beijing Olympics and 2010 Shanghai
World’s Fair will garner world audiences and generate
intense interest in China.
• On the economic front, China is already the world’s
largest market and fastest growing economy. Within the
next decade, China is poised to become the world’s
largest economy, with a GDP of $US155 trillion.
• Over a million visitors travel between China and the
United States each year, heightening cultural contacts and
exchange, and opening China and the world to cross-currents
of art, philosophy, and world culture. By 2020,
China (including Hong Kong) will be the world’s top
tourist destination, receiving approximately 200 million
visitors abroad, and will have 100 million outbound visitors
and become the 4th largest source of outbound travel.
There are unprecedented opportunities in China for those
with the vision to seize them. Indeed, with transformation
already well underway in many areas of China (the Pearl
River Delta, Shanghai, Beijing, Tianjin, Shenzhen and
Chongqing), international companies are jockeying for
position – the “edge” – in new China.
But for ten days in April 2006, all eyes will be on
PHILADELPHIA. A city steeped in history and tradition,
where freedom was born in America, Philadelphia has long
played a leadership role in initiating contacts between China
and the U.S. Philadelphia helped to launch the first ship to
travel from America to China in 1784 and hosted the first
major exhibition of Chinese Art in America in 1876. The
Philadelphia Orchestra was the first foreign symphony to
visit China. Philadelphia’s GlaxoSmithKline was one of the
first foreign pharmaceutical companies to invest in China in
1987. Temple University Law School was the first foreign law
school approved by China in 1999.
Philadelphia now ushers in a new era in U.S.-China relations
with the unprecedented 10-day SPLENDOR OF CHINA,
which will showcase the best that China and the United
States have to offer in business, commerce and trade; arts and
culture, science and technology; education; healthcare; law;
and sports, entertainment, and hospitality.
EVENT
HIGHLIGHTS
Scheduled for April 13-21, 2006, THE SPLENDOR OF
CHINA will be the largest China-related event ever
produced in the U.S., and will feature:
• The Largest Gathering of Chinese Government
Officials for a Single Event in the United States
• Worldwide Television Audience, including China TV
• Attendees from all parts of China and the entire
Eastern Seaboard & other parts of the U.S.
(12,000,000)
• International Business Expo at the Pennsylvania
Convention Center
• 400 Exhibiting firms from Mainland China, Hong
Kong, Malaysia, Singapore & Taiwan
• World Industry Summit
• Arts and Cultural Exhibits & Events at Philadelphia’s
most renowned venues
• World Fireworks Competition
• International Food Festival
• Street of Dragons Parade
• International Film Festival
• Sporting Events involving teams from China, the
U.S., and other countries
• World Fashion Festival
• Chinese Liquor and Wine Tasting
• International Dragon Boat Race (benefiting breast
cancer initiatives in China and the U.S.)
This international extravaganza is being planned in partnership
with leading representatives from government and
private industry in China and the U.S.. It is also being
planned in consultation with one of the East Coast’s most
respected event producers, Scott Mirkin of ESM
Productions, a producer of the 1997 Presidents’ Summit for
America’s Future and events for the 2000 Republic National
Convention as well as events for the White House (both
President Clinton and President Bush), Governor Edward G.
Rendell, and a host of national events for Government and
Industry. Mirkin has prepared an extensive preliminary
budget, breaking down the entire Event into several hundred
line items under major categories and covering each of the
events planned to date. The preliminary budget for the
Splendor of China is over $7.5 million.
Significantly, the Splendor of China is viewed as an annual
event, alternating between a site in the U.S. and a site in
China, with possible sponsorship opportunities extending
from event to event. The Splendor of China has sought
trademark approval for both the event concept and its name.
OPENING
CEREMONIES
THE EXECUTIVE SUMMARY
The Splendor of China kicks off with spectacular Opening
Ceremonies that will rival the caliber of the opening ceremony
for events such as the 2000 Republican National
Convention in Philadelphia. The Opening Ceremonies will
feature “the single largest gathering of ranking U.S. and
Chinese officials -- from all levels of government and from all
parts of China and the U.S. -- ever to take sit on stage.”
There will be a public meeting (and photo opportunity) of
American and Chinese heads-of-state, serving as a powerful
symbol of the partnership between the two nations. There
will be immense worldwide TV and other media coverage
and exposure, including from the U.S. and China.
The opening ceremony would be timed in accordance with
the broadcast partner. One of the considerations for timing
of this event will be national television programming
schedules, with an option to play either during the morning
shows or at evening Prime Time. The time difference for
viewing by North American audiences and Asian audiences
will also be a factor, as well as the schedules of any Platform
participant. Our consultant recommends producing a prime
time opening show.
The stage will be set with one of the many classic building
facades available in the Philadelphia area. The National
Constitution Center, Independence Hall, and the
Philadelphia Museum of Art are all being considered,
with the first choice being the National Constitution Center,
because it is best suited for broadcast, hospitality and
security purposes.
The event offers the opportunity for a one-hour broadcast
encompassing the platform portion of our program, previews
of the Streets of Dragon Parade, International Fireworks
Competition and other events to come, and many high-end
U.S. and Asian entertainment segments, including the
presence of a “big name” host or hostess of ceremonies. This
broadcast will have immense international appeal and will be
shown live in the U.S. and replayed in Asia in both Standard
and High Definition television.
WORLD
FIREWORKS
COMPETITION
THE EXECUTIVE SUMMARY
The Opening Ceremonies -- spectacular in and of themselves
– will culminate in a breathtaking World Firework
Competition rarely seen before. It will rival the grandeur of
leading international firework competitions such as the
Hong Kong International Musical Firework Festival and the
International Fireworks Competition in Toronto, which
draw not only leading world teams (including the Chinese
and American national teams) but also worldwide audiences
of over 750,000 people.
The World Fireworks competition will be staged on the
evening of the opening event. This competition, free to the
public, will take place on the Delaware Waterfront along
Penn’s Landing or at an alternate venue in New Jersey.
By encouraging cooperation with the Camden side of the
River, the show can be designed for a dual audience. This
competition will be packaged and presented to a major cable
network for a “behind the scenes” series on the preparation
for the event, execution and judging. It will open with a
“Sound and Light Extravaganza,” featuring Acrobats, Water
display, lights, lasers, and other performances on the water.
This Sound and Light Extravaganza will not only dazzle
audiences but will be a stunning visual documentary of
significant themes in Chinese and American cultures and
U.S.-Sino relations.
The drama of the competition will come from two Fireworks
Teams, “East” & “West,” that will be given equal funding,
opportunity and support to design a 20-30 minute fireworks
display on the Philadelphia Waterfront. The theme will be
“Splendor of East & West.” An Expert Panel of judges from
recognized authorities will be convened for this contest.
Supporting this event will be a small sampling of other
public events later in the week. The Great Plaza at Penn’s
Landing will have arts and crafts vendors and exhibits
designed to educate the public on the week’s schedule of
events such as the parade, food festival, and sporting events.
These activities will create a unique festival experience for the
attendees, entertaining television programming, and
widespread awareness of the “Splendor of China.” There will
be two “big name” Hosts, one English speaking, and one
Chinese Speaking. There may also be revenue opportunities
and additional promotional opportunities from strong
aftermarket sales of a packaged DVD.
ARTS
AND CULTURAL
EXTRAVAGANZA
THE EXECUTIVE SUMMARY
These events will showcase the prominence of Philadelphia
and Chinese cities as art and cultural centers in the world,
highlighting the rich tradition and history of Chinese and
American culture and art. They will showcase the
Philadelphia’s premier art and cultural institutions, and
will commemorate Philadelphia’s leadership in hosting the
first major U.S. exhibition of Chinese art at the 1876
Centennial Celebration and in being the first foreign
symphony to visit China.
Events will take place at leading arts and cultural institutions
and venues in Philadelphia (including possibly the
Philadelphia Art Museum, the Kimmel Center, and the
Academy of Music). They will involve world renowned
performers from China and the U.S., such as the Beijing
Acrobats, dance troupes, and other performers. These events
will draw audiences, both Asian and non-Asian, from the
entire East Coast and beyond. This portion of the Splendor
of China will kick off one year in advance with special
appearances at the Kimmel Center by the world renowned
Chinese Philharmonic Orchestra and the Cloudgate Dance
Theatre of Taiwan.
We have also designed an evening of Chinese Performances
at one of the Avenue of the Arts Theaters on South Broad
Street. Our recommendation would be for either the Kimmel
Center or the Pennsylvania Academy of Music. Discussions
are underway to bring a renowned 500-person dance troupe
from China.
This first-class event will have a television component, and
we will arrange to have it videotaped “Live to Tape” in its
entirety. This step will enable us to negotiate for and retain
broadcast or re-sale rights, furthering the sponsor’s exposure.
WORLD
INDUSTRY
SUMMIT
THE EXECUTIVE SUMMARY
One of the cornerstones of Splendor of China will be
the World Industry Summit, an unprecedented effort to
bring together the single largest gathering of U.S. and
Chinese government officials and regulators. Focused on
leading U.S. industries with a strong research or industry
presence in the Philadelphia region and which are key to
China’s economic development, participants will consider
and discuss promising opportunities for U.S.-China
collaboration. The Summit will explore the opening up and
development of key industries, markets, and technology in
China, along with key relevant national policies of both
countries. The Summit will provide a first-ever forum for
government and industry executives to openly discuss the
issues and challenges facing both countries.
The Summit will include major sessions on the following
critical industries:
• Pharmaceutical/Biotechnology (including CRO and
Validation services)
• Healthcare (including breast cancer initiatives and
traditional Chinese medicine)
• Financial Services (including conferences relating to
mid-capital businesses/markets and small businesses)
• Education (including the role of technology in education)
• Law (including intellectual property)
• Energy, Utilities and Telecommunications
• Sports
• Hospitality & Entertainment
• Nanotechnology
• Urban Development (including riverfront development)
Significantly, the Summit will showcase mutual respect and
friendship, mutuality of interests, and growing interdependence
between the U.S. and China, and will highlight and explore
opportunities for investment, trade, business, and collaboration
across national boundaries.
INTERNATIONAL
BUSINESS EXPO
THE EXECUTIVE SUMMARY
Coinciding with the World Industry Summit will be
another signature event, the International Business Expo,
also at the Pennsylvania Convention Center. The Expo will
provide exhibitions on a scale rarely seen before, involving
approximately 400 companies and 1,000 business executives
from all parts of China as well as companies from the United
States. While the exhibitors will span a diverse range of
industries, these companies will be strategically chosen from
thousands of applicants to best match and maximize the
opportunities for investment and trade, between U.S.
companies on the Eastern Seaboard, especially the
Philadelphia Region, and China. In addition to exhibiting
the "Largest Collection of Chinese Goods for Sale in
America," the Expo will showcase leading products and
services that companies in the Philadelphia Region and
beyond can provide Chinese companies, and will highlight
significant opportunities to invest in and export from the
United States, especially the Philadelphia Region.
Critically, the Expo will showcase the resources necessary to
optimize business and collaboration. Key government decision
makers at all levels will be available to advise companies
about economic incentives as well as customs, import/export,
food distribution and immigration matters. Representatives
of some of the leading financial and consulting institutions
will be on-hand to assist with financing/venture capital,
financial and business planning, letters of credit and other
banking matters, and investment. Leading law firms in
Philadelphia and China will provide necessary legal assistance
in preparing agreements, protecting intellectual property,
and providing immigration assistance. Translators and meeting
rooms for one-on-one meetings will be available. In
short, the Expo will, in "one stop," provide companies with
the necessary venue and resources to truly optimize business.
A separate hall of the Convention Center will be devoted to
cultural exhibits open to the public. In this hall, Chinese arts
and crafts, antiques, Asian contemporary art and furniture
will be exhibited and/or sold to a "National Audience" that
has traveled here just to see the "Largest Collection of
Chinese Goods for Sale in America." In this hall will be
displays by Chinese companies of ancient techniques (some
over a thousand years old) used to make Chinese arts and
crafts as well as performances by Chinese musicians and
dancers. This will be an excellent place to showcase Arts and
Cultural exhibits for the media during the Expo.
INTERNATIONAL
FOOD FESTIVAL
THE EXECUTIVE SUMMARY
This extraordinary event will showcase the preeminence of
Philadelphia and Chinese cities as some of the most
renowned culinary centers in the world. In addition to
featuring leading chefs and restaurants in Philadelphia (both
Asian and non-Asian), this event will draw leading chefs from
all parts of China, including Hong Kong. It will emulate the
most renowned food festivals, such as the Hong Kong
Culinary Festival (considered the preeminent culinary event
in the world).
This event will draw crowds (both Asian and non-Asian)
from China and from the entire East Coast and other parts
of the U.S.. Negotiations are underway for parts of the
festival to be televised in China and in the United States,
such as the cable Food Network. Kick-off banquets will pave
the way for the Splendor of China and will continue after it
ends for several months.
The cornerstone will be an outdoor festival anchored by the
Reading Terminal at 12th Street to 9th Streets along Arch
Street in Philadelphia’s “Chinatown.” Tents will line the
street, where the leading restaurants in Chinatown will
feature their specialties. There will be lively demonstrations
such as Chinese noodle, Peking Duck, and fortune cookie
making as well as the art of Chinese food carvings featured
on national television by leading chefs such as our own Joe
Poon. There will also be a special “cooking arena,” where two
“Big Name” chefs, one Chinese, one American, will square
off in intense yet friendly competition.
The International Food Festival has the potential to become
a truly memorable aspect of the “Splendor of China”. Already
supported by representatives from all groups in Chinatown
and leading chefs such as our own Joe Poon, this event will
have a long-lasting positive impact on Chinatown, which will
remake itself especially for this and the Streets of Dragon
Parade event. The International Food Festival can become a
“Legacy” event.
The festival would be free and open to the public. The
celebrity appearances and other performances will attract a
national as well as a local crowd. This would be an excellent
opportunity for “Official Sponsors” and “Exclusive Rights”
for product sales and sampling throughout this event.
There is a video component to this event, budgets for video
packages, and Video News Releases that will yield some
national media attention to this event, an attractive feature
for sponsors.
INTERNATIONAL
SPORT MATCHES
THE EXECUTIVE SUMMARY
Seizing upon the momentum leading up to the 2008 Beijing
Olympics, these sports events will highlight the growing world
audience for sports events. One aspect will focus on certain
popular sports in the U.S. -- basketball, soccer, baseball, and
softball. These are sports whose popularity in China is either
tremendous (already drawing hundreds of thousands of fans
each game) or is rapidly growing; where more and more Asian
athletes are playing in the U.S. (Yao Ming, Chinese female
soccer players, and Asian baseball players such as Ichiro and
Matsui); or where U.S. and Chinese sport federations have
begun extensive collaboration (for instance, the Chinese
Baseball Association signed an agreement recently with the
professional National Baseball League).
Exhibition games between leading U.S. and Chinese soccer,
baseball, and basketball teams will be held at Philadelphia’s
leading sports venues, including possibly Philadelphia’s new
Lincoln Financial Stadium, Citizen Bank Field, and the
Spectrum. Discussions have taken place for the exhibition
games to start off in Philadelphia but tour other major U.S.
cities and then to tour to cities in China. Similar events in the
United States have drawn Asian communities throughout the
East Coast and beyond. Equally important will be
community outreach. Camps and clinics involving Chinese
and U.S. athletes will bring together youths, college players,
and coaches through communities in the Philadelphia
Region. Sponsorship opportunities, especially as we approach
the 2008 Beijing Olympics, are tremendous.
Another focus will be on more Asian-based sports such as
martial arts and ping pong exhibitions. Discussions are
underway to bring a special exhibition of Shaolin monks.
One special event planned is an International Lion Dance
Competition, a breathtaking activity performed on ten-foot
stilts. It certainly is an event no one should miss.
INTERNATIONAL
DRAGON BOAT
COMPETITION
THE EXECUTIVE SUMMARY
Building upon existing dragon boat races in Philadelphia, this
international competition will also involve teams from China,
Hong Kong, and Taiwan, and at all skill levels (from national
teams including possibly the U.S. national team based in part
in Philadelphia to club and corporate teams). The day-long
races will take place on the Schuylkill River, and will involve
events along West River Drive and Ben Franklin Parkway.
Significantly, the proceeds of this competition will go to
benefit breast cancer initiatives in both the U.S. and China.
Tragically, breast cancer, the most frequent cancer in women
worldwide, is a leading cause of death in women, afflicting
over 1.2 million women each year worldwide, including 1 in 9
women in the United States. Sadly, Breast cancer results in over
500,000 deaths worldwide each year and in a death of a
woman every 13 minutes in the United States. Regrettably,
many women who die of breast cancer could have been saved
through early detection.
Breast cancer is also the leading killer of women in China,
where the incidence of breast cancer has increased by 37% over
the past decade and continues to increase by about 3% every
year. China has no recognized regimen of early breast cancer
detection for women. Tragically, about 40% of the breast
cancer patients in China die within 5 years because the cancer
is too advanced when diagnosed.
The Chinese Government has recently made breast cancer
prevention one of its highest priorities, and is joining forces
with the China Cancer Research Foundation, leading hospitals
in Beijing, Shanghai, Tianjin and other cities, and leading
multi-national corporations such as Avon, Revlon, Estee Lauder,
and Burberry to launch massive early detection and awareness
campaigns, including the Walk Across the Great Wall.
Significantly, Philadelphia hospitals, institutions, and companies
are playing a vital role in helping to fight breast cancer in the
U.S.. At the same time, many of our institutions and hospitals
are playing a vital role in the fight against breast cancer in China,
providing the expertise, technology and detection equipment for
which our Region has become world renown.
INTERNATIONAL
FASHION
EXTRAVAGANZA
THE EXECUTIVE SUMMARY
Fashion is moving eastward. The Fashion Extravaganza
builds upon significant developments in the fashion industry
affecting both China and the U.S.: from increasing Asian
influences in U.S. fashion to the significant outreach of U.S.
companies to penetrate the China market, to the establishment
of international fashion festivals in China – such as the
Dalian International Fashion Festival. It will highlight some
of the leading fashion designers in China and the East Coast
of the U.S. and other parts of the world.
As part of this extraordinary event, a major fashion show will
take place at a major hotel or the Pennsylvania Convention
Center. It may involve many of the designers exhibiting at the
Dalian International Fashion Festival, which included Jean-
Louis Scherrer from France, Hanae Mori from Japan and
Carlo Ponti from the United States. It will also feature a design
competition among local and regional colleges and institutions
judged by respected leaders in the fashion industry. Like the
Dalian International Fashion Festival, expectations are that this
event will be televised and will draw tremendous crowds
throughout the East Coast and China.
To build public interest, major retailers throughout the
Philadelphia Region will dress their stores’ windows with
Asian themes – including possibly, major establishments in
Center City to the King of Prussia Mall, which is the second
largest mall in the U.S., to the Franklin Mills Mall, which is
the largest enclosed outlet mall in the U.S.
CHINESE
LIQUOR AND
WINE TASTING
THE EXECUTIVE SUMMARY
This event will feature a high-end wine and liquor tasting,
featuring China's leading liquors and wines, at one of
Philadelphia’s most prestigious hotels or at another appropriate
venue. It will also feature wine and liquor tasting open to the
general public at other venues. Similar to the beer tastings held
at the University of Pennsylvania Museum of Archaeology and
Anthropology, there will be seminars/tasting at venues
throughout the Philadelphia Region revolving around
traditional Asian alcohol such as rice wine or sake and possibly
Chinese beer.
For ten days, Chinese wine, liquor, and beer will be a theme
in Philadelphia’s culinary world. Chinese wines and liquor
will be featured at restaurants throughout the Philadelphia
region. There were be events at restaurants and other venues,
such as possibly the International House, where the general
public of legal age can try and judge new drinks involving
Chinese alcohol.
This event will also seize upon the momentum leading up to
the 2008 Beijing Olympics. It builds on the interests of U.S.
liquor, beer, and wine companies to penetrate the Chinese
markets, as reflected by the fierce competition between
Anheuser-Busch and SAB Miller to acquire Harbin Beer.
It also builds on the interests of Chinese liquor, beer, and
wine companies, including China’s three largest liquor
companies, Moutai, Jinnanchun, and Wuliangye, to
penetrate the lucrative U.S. market, including the market in
Pennsylvania, as well as the continuing growing presence in
the U.S. of Chinese companies such as Tsingtao Beer.
Like the International Dragon Boat Competition and the
International Fashion Extravaganza, any profits from this
event will go to breast cancer initiatives in the U.S. and
China.
INTERNATIONAL
FILM FESTIVAL
THE EXECUTIVE SUMMARY
Philadelphia is home to a major film festival, and this event
will feature a multi-day international film festival featuring
films from Asia, many of which may never been seen in the
U.S. before. It may feature celebrity appearances by Asian and
other celebrities.
The event will draw Asian crowds from the entire East Coast
and elsewhere, as well as non-Asian crowds. This event will
take place at prominent venues in Philadelphia, including in
Chinatown and Asian communities in South Philadelphia.
Among the major venues being considered are the
International House, the Annenberg Center, and the
Prince Music Theatre. This event will coordinate with area theatres
as well as community centers and universities in the
Philadelphia Region.
This event will seize upon the development of the film industry
on the East Coast and China, including in Hong Kong,
Beijing, and Shanghai, including those relating to:
• The growing popularity and proliferation in the U.S.
of Asian films, such as Crouching Tiger, Hidden
Dragon and Hero;
• The growing popularity of Asian movie stars and producers
in the U.S., such as Jackie Chan, Jet Li, Michelle Yeoh,
Gong Li, Chow Yun Fat, Ang Lee, and Johnny Wu;
• The growing number of U.S. films being filmed in
China, such as Kill Bill;
• The enormous demand in China for foreign films, and
the changing Chinese regulations allowing the showing of
more foreign films;
• The development of the Chinese film industry, the development
of theme parks in China based on the film/entertainment
industry, and investment opportunities relating
to the film industries in the U.S. and China;
• The demand among the Asian population in the U.S. for
Asian movies;
• The development of the film industry in the Philadelphia
Region and other parts of the East Coast, including the
prominence of Philadelphia’s own M. Night Shyamalan.
THE PARADE:
STREET OF
DRAGONS
THE EXECUTIVE SUMMARY
As home to the Mummer’s parade, the Philadelphia region
appreciates spectacular visual, musical and dance artistry. The
streets of the darkened city will play host to a vastly different
spectacle as they come alive with the brightest, most colorful,
hand crafted floats ever seen -- all depicting different variations
of “The Dragon.” This fiery performance of fireworks,
dancing dragons, acrobats, and dancers can only be called
“Street of Dragons” and will truly live up to its name. This
night-time parade will shine with fireworks, light, color, and
sound. The parade will involve significant participation from
all groups in the Asian community, which will help develop
floats reflecting the diversity within the Chinese and Asian
Community and showcasing Chinatown.
We see two locations as serious contenders for this event.
“Street of Dragons” could be effective in Chinatown, perhaps
along Race Street or Arch Street, or along the Benjamin
Franklin Parkway. It is our consultant’s opinion that
the Benjamin Franklin Parkway location would present less
of a logistical challenge. The street width and proximity to
residential dwellings are much more favorable to a parade
environment on the Parkway. The City of Philadelphia has
staged many successful events in this location.
The “Street of Dragons” would make for spectacular television
viewing and offer the opportunity for deeper sponsor support.
Because it would be a “Revenue Negative Event,” it would
require full sponsorship for funding.
CLOSING
EVENT
THE EXECUTIVE SUMMARY
The “Closing Event” will bring us back to the Waterfront
venues for a Gala Concert and Fireworks display. We would
tie in the winners of the “World Fireworks” competition to
this event, or create some kind of “All Star” display with a
combination of both teams. A significant amount of the
budget will be reserved for some “Big Name Artist” to draw
further attention. This Event is currently designed as “Free”
and potentially open to the public. It is the recommendation
of our consultant to combine this event with several VIP
Receptions and Dinners along the Waterfront venues, and
designate a portion of the seating for “our guests.”
Alternative locations for this event would include the
Schuylkill Waterfront in Fairmount Park, or some other
location in the Park itself.
The Closing Event will also include the presence of notable
government officials, business leaders, and entertainment or
sports celebrities to increase the festive atmosphere and
underscore the outcomes of this amazing week. From this
stage we will also be able to build excitement for the 2007
“Splendor of China” events. The Closing Event will project
the same excitement and closure typically exhibited during
the last night of a convention. It will be an opportunity for
our Business Conference and Expo attendees to have some
fun, bask in the glory of a tremendous job well done, and to
further develop the relationships they have built throughout
the planning and execution phases.
The Closing Event also has television possibilities.
CON
CLUSION
THE EXECUTIVE SUMMARY
While only in the pre-planning and budgeting process,
the Splendor of China has already generated tremendous
excitement throughout China, Philadelphia, and the East
Coast. We strongly believe that “The Splendor of China”
events represent a once-in-a-lifetime opportunity to put the
City of Philadelphia on the world stage once again.
“Splendor of China will not only showcase our region,
but help to tie our economic fortunes to the success of the
growing Chinese economy.
The Events described in this document serve as a great
creative starting point.
“The Splendor of China” concept has great sponsor appeal,
and will draw visitors from across the nation and television
viewers from around the world. It will be a recognizable brand
that will become synonymous with Philadelphia and China.
The economic impact of such a far-reaching event will have
long lasting positive effects for the Greater Philadelphia region,
much like the Presidents’ Summit for America’s Future in
1997, and the Republican National Convention in 2000.
China is gaining national attention, and the first U.S.
Companies to do big business in China are drawing the
attention of the world. But in 2006, during “The Splendor
of China,” all eyes will be on Philadelphia.
Stephen W. Ching Helps to Lead The Splendor of China, one of the Largest China-related Events ever to be Conducted in the US.
Partner Stephen W.W. Ching, Jr. has been tapped as the Executive Director of THE SPLENDOR OF CHINA, a unparalleled international extravaganza taking place in Philadelphia in April 2006. THE SPLENDOR OF CHINA will be one of the largest China-related events ever to take place in the US and will be one of the preeminent China-related events leading up to the 2008 Beijing Olympics. Televised both in the US and China, it will gather one of the largest collection of prominent Chinese government and business leaders ever to be assembled for a single event in the US and will attract attendees from all parts of China (including Hong Kong, Taiwan, and Macau), the entire Eastern Seaboard of the United States, and other parts of the United States and Canada.
Two of its signature events are the WORLD INDUSTRY SUMMIT and the INTERNATIONAL BUSINESS EXPO, which will be held at Pennsylvania Convention Center. The WORLD INDUSTRY SUMMIT will bring together leading Chinese and American officials, regulators, and corporate executives for high-level and open policy discussions on critical issues relating to Sino-US relations, an exploration into the creation of a special international zone in Pennsylvania, and opportunities from and in New China. The Summit will focus on such critical industries as pharmaceutical, biotechnology, healthcare, financial, banking, insurance, securities, software, manufacturing, energy, technology, education, law, real estate development, sports, entertainment, tourism, and hospitality. It seeks to promote the United States, especially Pennsylvania and Philadelphia, as a "Gateway to China." The INTERNATIONAL BUSINESS EXPO at the world renowned Pennsylvania Convention Center will feature one of the largest collection of Chinese goods for sale in America. It will bring over approximately 400 companies and 1,000 leading business executives from all parts of Greater China. Equally significant, the Expo will showcase leading products and services that companies in the US, especially the Philadelphia Region, can provide Chinese government and businesses and will highlight significant opportunities to invest in and export from the United States, especially the Greater Philadelphia Region.
In addition to presenting unprecedented business opportunities from and in China, the Splendor of China will be an event, where "business and culture meet," and will feature arts & cultural extravaganzas rarely seen before, attracting attendees from all over China and the East Coast of the US. Included among these unparalleled events are performances by world renown dance and musical performers such as Lang Lang, a WORLD FIREWORKS COMPETITION over the Delaware River featuring teams from the US, China and other counties, a INTERNATIONAL FOOD FESTIVAL featuring competitions among leading American and Chinese chefs, a CHINESE LIQUOR AND WINE TASTING featuring Chinese leading spirits, a spectacular, night-time STREETS OF DRAGON PARADE, an INTERNATIONAL FASHION FESTIVAL, an INTERNATIONAL DRAGON BOAT COMPETITION, an INTERNATIONAL FILM FESTIVAL, and INTERNATIONAL SPORTS MATCHES.
The Splendor of China will kick off with a historic event on March 9, 2004: a special performance at the world renowned Kimmel Center by China's premier orchestra, the CHINA PHILHARMONIC ORCHESTRA, to commemorate the Philadelphia Orchestra's historic visit to China in 1973. Arranged by Henry Kissinger, the Philadelphia Orchestra was first foreign orchestra to visit modern China. This event was widely considered as one of the impetus events in Sino-US relations.
Significantly, the Splendor of China is viewed as an annual event, alternating between a site in the US and a site in China.
There are unprecedented opportunities in China for those with the vision to seize them. Already, the largest market and fastest growing economy, within a relatively short time, China will be, among other things, the world's largest economy, largest source of foreign direct investment, and largest source of inbound and outbound tourists. These days, all eyes are on China. But in 2006, during the Splendor of China, all eyes will be on Philadelphia.
For more information, please click onto the following link or contact Stephen W.W. Ching, Jr. at (215) 665-3288 or stephen.ching@obermayer.com:
Click here to download the SOC Brochure.
I like this paragraph of the August 17th press release.
Mr. Li Ning, General Manager of Suneray, stated in his opening remarks at today's demonstration: "Through the course of our due diligence into a wide variety of anti-counterfeiting technologies available globally, we selected SSTY as it is not merely the 'best of breed' in terms of product but rather a full service solution. SSTY deals with the heart of counterfeiting and at the same time will create thousands of jobs within China, will return many millions of dollars back to the owners of brand name goods, as well as generate tax revenue to the Government that will benefit the People of China."
Apdn uses organic material for their sdna, it can be destroyed by fire and chemicals. The owner of the product is actually Biowell and ADPN only gets 10% royalty on all sales in China. The sales are limited now to dvd's and cd's. SSTY has a metallic based sdna which cannot be destroyed by chemicals and because of it's metallic base it can be tracked and monitored. SSTY also has the kmack data base, GSC tracker, GSC biometric fingerprint technology and solar technology that make ssty's product a complete anti-counterfeiting, authentification and security solution for China.
If you read that article, they are not talking about the economic losses counterfeiting causes government or manufacturing, they are just talking about the value of property losses due to theft. So 1 billion yaun loss to businesses due to theft. If the gross national product is 11 billion and lets say 30% of the gnp is products, then 3.3 trillion in products alone. If 30% of those products are counterfeit then 1 trillion could be allocated to the total counterfeit sales. I am just guessing at these numbers so don't hold me to them. Lets just say 1 trillion in counterfeit goods per year. At a 20% tax rate, the government would be loosing out on 200 billion in tax revenue and the manufacturers would be loosing about the same amount in profits. Even if my figures in these examples are incorrect, it still amounts to billions of dollars in revenue loss for both industry and government.
China every year because pretends spurious and the property is robbed creates direct and the indirect economy loses the nearly 100000000000 Renminbi! Pretended the spurious commodity and the property is the victim of a robbery causes the broad consumers and the enterprise suffers the huge loss, has become restricts the Chinese economy development one noticeable important factor.
______________________
Letter to potential clients.
Sends all customer the open letter
Respect customer:
Extremely thank you pays attention to my company the status authentication management system, the status confirms, the safe authentication and guards against the false technical profession is one to is employed enterprise's sense of responsibility request extremely strong profession. We provide the consummation for you the service and the reliable technology, does utmost attacks any form pretends spuriously.
In order to does not let pretend the member has the opportunity to be exploited, therefore we also carry on strict screening to the customer, we only provide the service to " " the enterprise. In order to guarantee your enterprise product the status, and effectively provides the entire position to you the service, asks you by all means must to provide below the material:
1, the enterprise business license, the organization organization code certificate and the tax affairs registers the card duplicate press work;
2, management work address, zip code, telephone, facsimile; 3, service contact person name and status card duplicate press work, authorized book, telephone, email;
4, the enterprise introduces;
5, product instruction booklet;
6, product technology patent certificate copy;
7, trademark registration certificate duplicate press work; *
8, production permit duplicate press work; *
9, sales permit duplicate press work; *
10, product respective profession correlation health, environmental protection certificate duplicate press work; *
11, the correlation profession product needs to force to authenticate the certificate duplicate press work; *
12, profession correlation other authentication, intelligence certificate duplicate press work. *
(Note: Your enterprise if itself does not involve the material which * represents, but needs not to provide, officially provides before the status authentication management system in this company, needs to kiss by this company staff examines the original part side can be effective)
In signs the contract time, our staff can carry on the confirmation to the above material original part, simultaneously in payment service necessary product time, needs the expensive side receives the personnel obeys the law the person entrusts the authorized book original part to carry on the receive.
We guarantee provides to you any material metropolis strict security, only uses in to verify puts on file, besides the state power institution's legal request, we cannot or gives its demonstration the third party.
The above request possibly can create the certain degree to you inconvenient, asks respectfully the forgiveness. Like this does goal, most more importantly in order to safeguard your benefit, causes your product to enjoy strictly guards against the false security authentication.
" Science and technology " chairman of the board: Li Ning
I think the 2008 Olympic games ticket authentification and official Olympic merchandise authentification would be another contract that would put make our technology a household word just as the Palace Museum contract will.
In 2008 the Olympic Games convenes in Beijing already is attracts worldwide attention, the conference period registration card, the credential and the admission ticket manufacture and the inspection work will be one work which the Beijing Austria group committee most will pay attention to. " The status " makes every effort the application which consummates ours technology in the Olympic Games credential ticket clerk manufactures guards against false and in the inspection technology.
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Lots of 'accomplishments' but no mention of this important issue. What is your take on the lack of forthcoming information regarding the progress of the audit and completion of the financial statements?
The company can publish press releases in regards to progress in China, contracts and cooperation agreements, however when it comes to putting out a forward looking statement about financials and uplisting to the pinks or the otcbb it is a much more critical type of statement. The reason why is even though we resumed trading and the company published in a press release that the trading suspension has ended on it's own terms, the sec does not let it go that easily and IMO we are still tecnically under investigation by the sec.
If the company were to put out a press release telling shareholders that financials are almost complete and we will be uplisting to the otcbb soon. IMO the sec would look at a statement like that as making a promise that the company cannot keep. It is not up to the sec to approve us for trading on the otcbb, it is up to the broker dealer community. All we need is one market maker to approve of our 15c2-11 filing on 9/21/05 and they must approve updated audited financials going back to 2004. The sec knows how big of a task it is to comply with Sarbanes Oxley and by the company making a statement like I just mentioned, the sec could easily suspend trading again because of a false promise.
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As a result of the status authentication management system highly security and the absolute accuracy, take and its the marking object uniqueness, enables this technology to become status marking, the authentication as well as the safety control powerful tool status authentication management system may provides the essential safety control as the national administrative organ and the business unit guarantees, such as in 门禁 the management, the credential management, the vehicles management, the document management, the seal management, the firearms management, the government purchases management, property management, artware, cultural relic, literature aspect and so on management all has the widespread application prospect.
Lets us use this advanced technology to guarantee your safety!
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China is spending billions to sponsor the 2008 olympics in Beijing. They are literally rebuilding large sections of the city. The visability will be huge for brand manufacturers and if ssty can get contracts for ticket authentification, official olympic product authentification, brand manufacturers not only in China, but all over the world will recognize our technology and trackig systems as the best anti-counterfeit solution.
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This article says it all in regards to China's accptance of our technology.
The science and technology " obtains the high new technical enterprise recognizes the certificate
Issues the time: 2005-12-7
In December, 2005, the science and technology (Beijing) the limited company happy attains the high new technical enterprise which the Beijing science and technology commission issues recognizes certificate, the approval which to " the science and technology " this is the country which is engaged in the high new technical enterprise gives with awards, " the science and technology " since has been established, will be positive on the international most advanced status authentication technology introduces China, and using own superiority, will pass through the unremitting endeavor, will carry on the depth development and the research to the technology, gradually will form the integrity application system, will cause it even better service society.