Sure Trace Security Corp (SSTY.OB) - 500 Beiträge pro Seite

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As of September 30, 2004, Sure Trace had negative working capital of ($2,102,422) and Stockholders` Deficiency of ($1,924,989) compared with negative working capital of ($1,225,194) and Stockholders` Deficiency of ($333,680) as of September 30, 2003.

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NEWS

Sure Trace Sells Initial Distributorship and Offers 10 New Locations for Sale
Friday January 21, 9:00 am ET


DENVER--(BUSINESS WIRE)--Jan. 21, 2005--Sure Trace Security Corporation (OTCBB:SSTY - News) is proud to announce that it has sold its first regional distributorship for a commercial based anti-counterfeiting solution. Sure Trace has received the first cash payment for the sale of the initial region of Hong Kong to business contacts of Board member Tien-May Lau for $250,000USD. Sure Trace has already started the training for the implementation process for opening its initial distributor, which is expected to open July 1, 2005. Sure Trace plans to retain all rights to government based contracts and only allow this distributor to sell commercial based contracts. The rights to government based contracts are being granted to STA Inc. (Sure Trace Asia) as presented in the press release of January 20, 2005.
Sure Trace is finalizing its proposed Distribution Royalty Agreement which calls for terms that guarantee Sure Trace a 20% royalty payment from commercial based gross sales and a minimum cash payment of $200,000 per year to be paid to Sure Trace.

Sure Trace has identified eleven regions throughout Asia to which Sure Trace plans to establish key distributors: Hong Kong-Initiated, Northern China including Beijing, Lower Mainland China, Kuala Lumpur & Singapore, India, Pakistan, Korea, Japan, Taiwan, Australia & New Zealand and Philippines.

The commercial distribution model generates a royalty fee and enables local business people from that regional office to introduce our product while maintaining ownership of their business. The goal of Sure Trace is to enlist established local business people to be the ambassadors for our products. This methodology allows for regional players who have expertise in the geography, language and culture to market Sure Trace product lines to their specific region. Cultural and language barriers can form a significant impediment in trying to market these products in various regions. The commercial distribution model allows for regional partners that have expertise in their countries and/or regions to market Sure Trace products. Management of Sure Trace believes this model is more scalable and will introduce its products to market faster and enable the company to focus its sales efforts on larger government based contracts, which could dwarf the commercial market. This concept is expected to reduce significant upfront expenses born from executing various large-scale commercial contracts on a regional basis making it the responsibility of the regional distributor of the Sure Trace products.

Currently there are multiple parties interested in establishing distribution centers throughout the mentioned 11 regions. Negotiations to establish these distribution centers are in various stages of completion.

About Sure Trace Security Corporation

Sure Trace is on track to be the premier system integrator for anti-counterfeiting and security surveillance applications and a world-class provider of integrated tracking devices world wide within 2005. This will be accomplished by delivering turnkey solutions onshore and offshore for governments, armed forces and industry. Sure Trace is now reviewing additional key alliance and acquisition opportunities to help it fast track growth and profitability. For more information go to: www.suretrace.com.

Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Sure Trace to be materially different from the statements made herein.

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Sure Trace Asia Commences with First Revenue Contract
Monday January 24, 9:47 am ET


MANILA, Philippines--(BUSINESS WIRE)--Jan. 24, 2005--Sure Trace Security Corporation (OTCBB:SSTY - News). On November 18, 2004, SSTY announced that a deal had been closed with the Province of Pangansinan, Philippines. At the time, SSTY did not announce details of the transaction as it was still negotiating with what has become Sure Trace Asia (STA). The regional Distribution Agreement with STA was announced on January 20, 2005. STA was instrumental in identifying and closing the opportunity via their direct knowledge and connection to key decision makers within the Province of Pangansinan.
SSTY and STA are very pleased to announce that the province has commenced the initial phase of implementation of I.D.ology`s S-DNA, which will be used to stop the counterfeit or fraudulent use of official documents including Birth Certificates, Historical Land Registry documents, Police Identification cards, Military and Police Weapons, and all Munitions.

It is expected that applications will quickly grow to include additional forms of official documents such as Government Facility Access Cards, Driver Licenses, and Medical ID Cards, etc. SSTY expects to receive its first quarterly royalty payment by March 31st 2005.

The Chairman of the Board for the Province of Pangansinan, Mr. Emmanuel Carancho stated: "Sure Trace Security Corporation`s SDNA technology is the most advance marking technology at this point in time and it is with great pride and excitement that I announce that Pangasinan Province is the first to use this technology in the Philippines." Mr. Carancho has organized advertising and public awareness campaigns for our technology since December last year.

The financial impact of the agreement is substantial, as it will generate a minimum of 1.3 million USD per year and is a fifteen-year contract. This gives it a gross minimum value of 19.5 million USD with $2,925,000 going to SSTY under the terms of the Joint Venture agreement with STA.

In the last seven days, SSTY has announced contracts with a total minimum annual direct value of $655,000 with a gross contract(s) term minimum value of 3.385 million USD.

About Sure Trace Security Corporation

Sure Trace is on track to be the premier system integrator for anti-counterfeiting and security surveillance applications and a world-class provider of integrated tracking devices world wide within 2005. This will be accomplished by delivering turnkey solutions onshore and offshore for governments, armed forces and industry. Sure Trace is now reviewing additional key alliance and acquisition opportunities to help it fast track growth and profitability. For more information go to: www.suretrace.com.

Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Sure Trace to be materially different from the statements made herein

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Sure Trace Security Corporation: Globe Staff Consulting Acquisition Complete
Tuesday January 25, 10:46 am ET


DENVER--(BUSINESS WIRE)--Jan. 25, 2005--Sure Trace Security Corporation (OTCBB:SSTY - News) announced that it has completed the purchase of Globe Staff Consulting SARL (GSC) by acquisition of 100% of its outstanding shares.
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Under the terms of the agreement, SSTY will form a separate corporate entity which will trade as a publicly listed pink sheet company (publicly traded NASDAQ vehicle) and be named Globe Staff. SSTY shall issue a perpetual license to this new corporation for the sale, distribution and marketing of GSCs various technologies. SSTY shall retain a percentage stake in the new Globe Staff along with the previous principals of GSC. In addition, the new Globe Staff will pay SSTY a royalty fee of ten percent (10%) of its gross income. Details of the share structure will be released along with the details of the Sure Trace Asia share structure later this week.

Incorporated in 1991, GSC developed a successful and profitable business providing consulting services for computer network security and support. In 2002, GSC began work on the development of the world`s first GSM/GPRS (cellular) based tracking device. The GSC revenue model resembles the cellular phone model, "lets give away the phone at cost but charge monthly fees for network access and support for a predetermined number of years."

GSC completed this development effort during the summer of 2004 with the introduction of its beta version of its technology in the Tour De France, the worlds largest and most well known bicycle race.

GSC developed several business relationships to accommodate the needs of the Tour de France event, which have grown into significant business partnerships and distribution opportunities. These include Group Orange, the worlds second largest cellular phone company which will deliver the cellular infrastructure and billing system.

GSC has also received significant interest from the various European Government bodies and as a result of the Tour de France exposure. Details of agreements and partnerships will be released in the coming weeks.

The GSC GSM/GPRS (cellular) based tracking device(s) is able to predetermine an approved destination or travel route. Should the tracking device move outside of the predetermined location or travel route, an alarm within a call centre or targets message recipient will be sounded and in the case of a motorized vehicle, the engine can be disabled. This functionality is a big step forward in GPS technology.

Jean Gilles Subervie, President and Cameron Moriarty, CEO of Globe Staff stated: "We are pleased to see a positive conclusion to the negotiations. This alliance of products and services offers our private sector and government, security force clients a complete array of services to enhance and bolster their programs, in a volatile world."

Jim Mackay CEO of Sure Trace stated, "I am very happy that this transaction has been accomplished. Globe Staff provides SSTY with a significant tool(s) needed to fight diversion, which in addition to outright counterfeiting, is a significant issue facing major brands not to mention personnel security issues in high risk countries/occupations with political/military instability. Over the past several months we have worked hard to develop exposure for Globe Staff and feel strongly that in very short order some major deals will close to the benefit of SSTY."

On Wednesday December 22 in the 10QSB Filing it was stated that SSTY and GSC agreed that the previous acquisition agreement will be cancelled in its entirety and that a new contract with revised terms would be negotiated.

About Sure Trace Security Corporation

Sure Trace is on track to be the premier system integrator for anti-counterfeiting and security surveillance applications and a world-class provider of integrated tracking devices world wide within 2005. This will be accomplished by delivering turnkey solutions onshore and offshore for governments, armed forces and industry. Sure Trace is now reviewing additional key alliance and acquisition opportunities to help it fast track growth and profitability. For more information go to: www.suretrace.com.

Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Sure Trace to be materially different from the statements made herein.



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