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SSTY Safestay Plc

25.00
0.00 (0.00%)
Last Updated: 08:00:16
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% 25.00 24.00 26.00 25.00 23.80 25.00 50,000 08:00:16
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Hotels And Motels 22.49M -1.32M -0.0204 -12.25 16.23M

True Product ID Files PCT Application for its Proprietary Anti-Counterfeiting Technology

09/08/2006 3:09pm

PR Newswire (US)


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BEIJING and PHILADELPHIA, Aug. 9 /PRNewswire-FirstCall/ -- Richard A. Bendis, President and CEO of True Product ID, Inc. (OTC:TPDI) (BULLETIN BOARD: TPDI) , announced that TPID has taken another important step to secure international patent protection for its intellectual property and its affiliates' technology through the filing of a Patent Cooperation Treaty (PCT) application. This application preserves TPID's right to pursue patent protection around the world for the anti-counterfeiting security surveillance applications, integrated tracking devices and services TPID has developed, oversees, and has acquired through a Master License with Sure Trace Security Corporation (OTC:SSTY). The application was filed by the joint venture TPID oversees in China. The PCT is an international treaty, administered by the World Intellectual Property Organisation (WIPO), among more than 125 Paris Convention countries. The PCT allows applicants to seek patent protection internationally in a coordinated way by filing a single "international" patent application. The PCT application is subsequently entered in as many or as few PCT member countries as the applicant chooses where the application is ultimately examined by the applicable national or regional patent offices. The PCT is widely used among the world's major corporations, research institutions and universities, among others, in securing international patent protection. TPID pursued the People's Republic of China (PRC), as its initial market for distribution, since it is the largest manufacturer of goods in the world and the leading center for counterfeiting. To that end, a joint venture was created with a strategic Chinese partner and the joint venture secured the first step to protect the technology by filing a PRC patent application with China's Patent Office 12 months ago. TPID plans to apply for additional patents in the U.S. and throughout the world to continue to expand and protect the intellectual property of the company. Mr. Bendis has been orchestrating the filing of the patents between leading U.S. intellectual property law firms and China's largest intellectual property law firm, China Council for the Promotion of International Trade (CCPIT). Mr. Bendis also plans to release a new video to shareholders later in August to provide an update on the progress of the company. About True Product ID True Product ID produces integrators for anti-counterfeiting and security surveillance applications and is a provider of integrated tracking devices. The Company delivers 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.tpid.net/. About Sure Trace Security Corporation Sure Trace Security Corporation (OTC:SSTY) is in the business of bringing advanced security technologies and solutions to the global marketplace. Its majority owned subsidiary, Globe Staff Consulting Corp. (Pink Sheets: GSFC), is one of France's leaders in the field of wireless security communications. GSFC has partnerships with Orange, French Telecom and Thales. GSFC has developed a mix of security tracking services targeting businesses, governments and consumers. GSFC's product and service offerings provide advantages to customers, including the smallest tracking modules with GSM and GPS dual capability, innovative specialty cellular phone models, and data capability, all hosted on an ASP server platform. True Product ID, Inc. (OTC:TPDI) (BULLETIN BOARD: TPDI) , is a former subsidiary of SSTY. For more information on SSTY and GSFC go to: http://www.suretrace.com/ and to http://www.gsc.fr/corp/. 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: True Product ID, Inc. CONTACT: Richard Miller of True Product ID, Inc., +1-215-496-8110 Web site: http://www.tpid.net/ http://www.suretrace.com/ http://www.gsc.fr/corp

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