SSTY Clarifies Ex-Dividend Date for Shares of SSTY to Qualify for Distribution of ONTV, Inc. Shares
25 Avril 2006 - 9:02PM
PR Newswire (US)
BEIJING and PHILADELPHIA, April 25 /PRNewswire-FirstCall/ -- Sure
Trace Security Corporation (OTC:SSTY) previously announced that it
has acquired the controlling interest in ONTV, Inc., which is being
renamed True Product ID, Inc. (TPID) (OTC:ONTV) (BULLETIN BOARD:
ONTV) , and that it would be issuing a dividend of those shares to
its shareholders. On April 20, 2006 and on other prior occasions,
it stated the Company's expectation was that the NASD would declare
an ex-dividend date of April 25, 2006, as requested by the Company
for the ONTV shares. Today the Company's attorneys have confirmed
that they now expect, as per the applicable regulatory standards,
the NASD to set an ex-dividend date of May 8, 2006. Prior to that
date, the Company attorneys will deliver a letter of instructions
to the transfer agent to be delivered to shareholders which will
also include instructions to the shareholders from the transfer
agent regarding the implementation procedures. Copies of these
instructions, forms and other pertinent details will be released
(and be available for downloading) prior to the distribution date
on the Company's website. About Sure Trace Security Corporation
Sure Trace produces integrators for anti-counterfeiting and
security surveillance applications and is a provider of integrated
tracking devices. ONTV, Inc./True Product ID (TPID) (OTC:ONTV)
(BULLETIN BOARD: ONTV) , is a majority- owned subsidiary of Sure
Trace Security Corporation (OTC:SSTY) which, via a license from
Sure Trace, delivers turnkey solutions for governments, armed
forces, and industry, through proprietary technology and through
aggregating the technology, products, and services of third parties
via licensing agreements and/or joint ventures. In addition to a
license from SSTY, TPID will also be providing the day-to-day
operational duties and R&D for SSTY's wholly owned subsidiary,
Globe Staff Consulting Corp. (Pink Sheets: PSRE). 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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