Sure Trace (SSTY)

[johncee]

Queston for the board. In the press release dated June 17th, 2005 it states that Suneray, incorporated in Beijing, china is legally authorized by Peoples Republicc of China as an (agent) for the organization and implementation of the Unified coding Rules for Products and Services, a compulsory national standard of the Peoples Republic of China.

If Suneray was incorporated in Beijing and it's sole purpose is to act as agent. Is Suneray acting as agent for the Peoples Republic of China to implement these standards? If that is the case wouldn't Suneray be somewhat of a quasi-government organization?

It is also stated in the first paragraph of the June 17th press release that the joint venture will share the costs and profits on a 50/50 basis. If Suneray is a quasi-government organization, does this mean that the Chinese Government is paying 50% of the joint venture cost?