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SSTY + PSRE Sure Trace Security Corporation (OTC: ) today announced that as a result of pre-
acquisition mechanisms, new management believes that they will be able to
raise up to $7,025,000 in financing for the operations of PowerSource
Corporation (Pink Sheets: PSRE), the controlling interest of which it acquired
previously. SSTY subsequently incorporated its wholly owned subsidiary, Globe
Staff Consulting, into PSRE, which will be renamed Globe Staff Consulting
Corporation (GSCC).
Through the conversion of Series B Preferred Stock, PSRE/GSCC management
believes that it will be able to receive up to $7,025,000 from the option
holders in the next quarter. The Series B and the options were all put in
place by prior ownership/management prior to and as part of the acquisition by
SSTY.
The Company also announced that once PSRE/GSCC brings its financials
current and files a Form S-8 Registration Statement, it intends to apply for
an OTCBB listing.
The proceeds will be used, in part, to help launch TPID in Europe, where
Globe Staff already has significant relationships, including those related to
providing sophisticated global tracking and other security-related solutions
for the French Ministry of Interior.
SSTY plans to enter into a Services Agreement between ONTV, Inc. (which
will be renamed True Product ID (TPID)(OTC Bulletin Board: ONTV)) and GSCC,
whereby TPID will be engaged to perform administrative and operational duties
and functions, including R&D and sales and marketing for GSCC in Europe and
worldwide. The value to GSCC of this arrangement is that it will have the
benefit of the new TPID management team and the contacts of both SSTY and TPID
to expand its worldwide sales and marketing efforts.
SSTY, in particular, intends to bring GSCC's technology to China, where
SSTY has already developed significant relations with government and industry.
Richard Bendis, President and CEO of TPID, has developed extensive
relationships in France and is recognized by the French as an experienced
leader and who is valued for his business acumen.
Company President Michael Cimino also commented on the change in the
anticipated Ex-Dividend date: "While the Company expected an earlier ex-
dividend date in coordination with the NASD, the overall effect of this later
date is that this extends the time period to acquire shares that will qualify
for the TPID/ONTV dividend since all shares bought on the open market prior to
the Ex-Date will carry the dividend with them."
About Sure Trace Security Corporation
Sure Trace produces integrators for anti-counterfeiting and security
surveillance applications and is a provider of integrated tracking devices.
ONTV, Inc./True Product ID (TPID)(OTC Bulletin Board: ONTV), is a majority
owned subsidiary of Sure Trace Security Corporation (OTC: SSTY) which, via a
license from Sure Trace, delivers turnkey solutions for governments, armed
forces, and industry, through proprietary technology and through aggregating
the technology, products, and services of third parties via licensing
agreements and/or joint ventures. In addition to a license from SSTY, TPID
will also be providing the day-to-day operational duties and R&D for SSTY's
wholly owned subsidiary, Globe Staff Consulting Corp. (GSCC)
(Pink Sheets: PSRE). For more information, go to: http://www.suretrace.com.
SAFE HARBOR STATEMENT: This news release contains "forward-looking
statements" that are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. "Forward-looking
statements" describe future expectations, plans, results, or strategies and
are generally preceded by words such as "future," "plan" or "planned," "will"
or "should," "expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude of risks and
uncertainties that could cause future circumstances, events, or results to
differ materially from those projected in the forward-looking statements,
including the risks that our products may not achieve customer acceptance or
perform as intended, that we may be unable to obtain necessary financing to
continue operations and development, and other risks. You should consider
these factors in evaluating the forward-looking statements included herein,
and not place undue reliance on such statements. The forward-looking
statements are made as of the date hereof and Sure Trace undertakes no
obligation to update such statements. In August 2005, the common stock of
Sure Trace was suspended from trading by the Securities and Exchange
Commission, but the suspension ended in accordance with the securities laws
after ten days. Management of Sure Trace is currently working with the
broker-dealer community and regulators to permit quotations to be entered as
soon as possible. More information will be provided to the public when
circumstances warrant.
SOURCE Sure Trace Security Corporation


Contact Information:
Michael Cimino, President, Sure Trace Security Corporation, [phone], [e-mail]

WebSite:
http://www.suretrace.com