SSTY -- SSTY Acquires NASDAQ Bulletin Board Company, ONTV, Inc.
BEIJING and PHILADELPHIA, March 17, 2006 /PRNewswire-FirstCall via COMTEX/ -- Sure Trace Security Corporation (OTC: SSTY) today announced that it has acquired the controlling interest in ONTV, Inc. (OTC Bulletin Board: ONTV), a company presently trading on the NASDAQ OTC Bulletin Board. The transaction, which was previously announced on February 10, 2006, by SSTY, was completed yesterday. The acquired company will be renamed True Product ID, Inc. ("TPID"). Consideration was in cash and contractual rights.
On March 10, 2006, the Company announced that there would be a press conference on Friday, March 17, in Philadelphia, to introduce the CEO/President of True Product ID, Inc. That press conference has been rescheduled for a later date. A press release introducing the CEO/President is being issued contemporaneously with this release.
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: suretrace.com.
SOURCE Sure Trace Security Corporation
CONTACT: Michael Cimino, President, Sure Trace Security Corporation, +1-215-972-6999, or
michaelc@suretrace.com
URL: prnewswire.com
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