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SSTY Safestay Plc

26.50
0.00 (0.00%)
Last Updated: 07:47:41
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Safestay Plc LSE:SSTY London Ordinary Share GB00BKT0J702 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 26.50 26.00 27.00 26.50 26.50 26.50 0.00 07:47:41
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Hotels And Motels 22.49M -1.32M -0.0204 -12.99 17.21M

SSTY China JV Opens 3 New Labs

29/03/2006 7:45pm

PR Newswire (US)


Safestay (LSE:SSTY)
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BEIJING and PHILADELPHIA, March 29 /PRNewswire-FirstCall/ -- Sure Trace Security Corporation (OTC:SSTY) (OTC:ONTV) (BULLETIN BOARD: ONTV) announced that its joint venture partner, True Product ID Technology (Beijing) Limited ("TPiD"), has officially opened a new facility composed of three separate labs designed to process and deliver the taggant utilized to mark the individual items in its anti-counterfeiting technology. Three separate labs are used so that no one facility possesses the entire formulae. Each lab only handles a portion of the process for security reasons. James MacKay, Chairman of SSTY, said: "We are very pleased to get these facilities online and ready to deliver. The overall cost of the labs was close to 1 million dollars, but the investment should be well worth it. Now that they are completed, we have the present ability to take and process orders in China according to our projected demand. "I am also pleased to announce the completion of the KMACK data center for China. With the completion of these facilities and the hiring of Richard Bendis, the company is in the position now to fully maximize the opportunities presented us in China and the rest of the world," MacKay added. 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, Web site: http://www.suretrace.com/

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