SSTY Acquires NASDAQ Bulletin Board Company, ONTV, Inc.
17 März 2006 - 3:12PM
PR Newswire (US)
BEIJING and PHILADELPHIA, March 17 /PRNewswire-FirstCall/ -- Sure
Trace Security Corporation (OTC:SSTY) today announced that it has
acquired the controlling interest in ONTV, Inc. (OTC:ONTV)
(BULLETIN BOARD: ONTV) , a company presently trading on the NASDAQ
OTC Bulletin Board. The transaction, which was previously announced
on February 10, 2006, by SSTY, was completed yesterday. The
acquired company will be renamed True Product ID, Inc. ("TPID").
Consideration was in cash and contractual rights. On March 10,
2006, the Company announced that there would be a press conference
on Friday, March 17, in Philadelphia, to introduce the
CEO/President of True Product ID, Inc. That press conference has
been rescheduled for a later date. A press release introducing the
CEO/President is being issued contemporaneously with this release.
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/. 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. DATASOURCE: Sure Trace Security Corporation CONTACT:
Michael Cimino, President, Sure Trace Security Corporation,
+1-215-972-6999, or Web site: http://www.suretrace.com/
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