Veteran China Hand (Formerly of the Committee of 100 and Harvard Business School) Joins True Product ID as Managing Director, C
17 Avril 2006 - 5:19PM
PR Newswire (US)
BEIJING and PHILADELPHIA, April 17 /PRNewswire-FirstCall/ --
Richard A. Bendis, CEO and President of True Product ID, Inc.
(OTC:ONTV) (BULLETIN BOARD: ONTV) , a wholly owned subsidiary of
Sure Trace Security Corporation (OTC:SSTY), today announced the
appointment of Frederick J. Young as Managing Director, China and
Chief of Staff, Office of the Chairman. As former Research Director
for the Committee of 100, a national organization composed of many
of the most influential American citizens of Chinese descent -
http://www.committee100.org/aboutus/aboutus.htm ,
http://www.committee100.org/media/media_members_inaction.htm - Mr.
Young interacted with senior Chinese leaders to help strengthen
Sino-US relations. In 2005, on the Committee's behalf, he prepared
a landmark survey about American attitudes towards China presented
to China's National People's Congress Chairman, Wu Bangguo, China's
State Councilor Tang Jiaxuan, and current Chinese Ambassador to the
US Zhou Wenzhong, and helped organize meetings with top-ranking
leaders from the Chinese Ministry of Commerce, Ministry of Foreign
Affairs, and State Council and with senior US Embassy officials. He
will be in attendance for China's President Hu Jintao's upcoming
state visit with President Bush during which the two world leaders
will discuss, among other things, joint anti-piracy efforts.
Previously, Mr. Young worked for the Harvard Business School's
Asia-Pacific Research Center in Hong Kong, where he developed case
studies on the world's and China's largest shipping company, COSCO,
China's Internet conglomerate Alibaba.com, and the Shenzhen Stock
Exchange, and where he helped lead research on branding and the
intellectual property right issues in China. His case studies are
widely taught at HBS and constitute the core curriculum of China's
equivalent to HBS, the prestigious Tsinghua University's School of
Engineering and Management. Prior to that, he managed a Hong Kong
private investment firm which was one of the initial developers and
distributors of digital video (MPEG) technology in China. "Fred
Young is the quintessential 'China hand' uniquely respected by
business and government leaders throughout Greater China,"
commented James MacKay, Chairman of both Sure Trace and True
Product ID. "The addition of Fred and his extraordinary
relationships, network, understanding, and experience in connection
with China, especially as they pertain to next generation
technology and intellectual property rights, is a reaffirmation of,
and will bolster, our strong respect and friendship for and with
China and TPID's and China's joint commitment towards establishing
a Global Anti-Counterfeiting Standard. Dedicated to establishing
such a Global Anti-Counterfeiting Standard, we continue to strive
together towards China's vision of 'One World, One Dream.'"
"Rampant copyright infringement tops the political agenda as the
Presidents of both China and the USA meet in Washington, DC this
month," said Fred Young, who will attend formal meetings and
functions connected with President Hu's upcoming visit. "Having
dedicated a career to China affairs, I have a profound admiration
for the extraordinary mutual respect and friendship that Chairman
James MacKay has worked so hard to cultivate with China.
Counterfeit pharmaceuticals, automobile and airplane parts, and
consumer products have injured or killed countless people around
the world. No other company is better positioned to halt the spread
of counterfeiting worldwide than TPID and to establish a Global
Anti-Piracy Standard that will not only help save businesses and
governments billions of dollars but will more importantly also help
save lives." 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.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: True Product ID, Inc. CONTACT: Michael Cimino
for True Product ID, +1-215-972-6999 Web site:
http://www.suretrace.com/
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