Veteran China Hand (Formerly of the Committee of 100 and Harvard Business School) Joins True Product ID as Managing Director, China
BEIJING and PHILADELPHIA, April 17, 2006 /PRNewswire-FirstCall via COMTEX/ -- Richard A. Bendis, CEO and President of True Product ID, Inc. (OTC 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 - committee100.org , committee100.org - 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: suretrace.com.
SOURCE True Product ID, Inc.
CONTACT: Michael Cimino for True Product ID, +1-215-972-6999
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