PHILADELPHIA, Sept. 28, 2007 (PRIME NEWSWIRE) -- Sure Trace Security Corporation (Other OTC:SSTY) (the "Company") announced today that having just concluded its long-standing investigation by the Securities and Exchange Commission, the Company is now focused on securing a broker-dealer/market maker to submit an application to FINRA to make a market for the Company's common stock and to have its common stock quoted on the Pink Sheets. The Company believes that creating a public market for its common stock will create stockholder value and enable the Company to pursue potential business opportunities to grow and implement its business strategy which may include the acquisition of complementary business and assets.
To assist the Company through this process, it retained one of the most highly respected and experienced firms and attorneys in the field to guide them in this endeavor, Virginia K. Sourlis, Esq. of The Sourlis Law Firm located in Red Bank, New Jersey.
About Sure Trace Security Corporation
Sure Trace Security Corporation was formerly a producer of integrators for anti-counterfeiting and security surveillance applications and a provider of integrated tracking devices. In May 2006, the Company transferred its anti-counterfeiting and authentication business to its former subsidiary, True Product ID Inc. (OTCBB:TPDI) through a spin off in which SSTY shareholders received a then-majority of the shares in TPDI.
The Company currently intends to become an incubator for technologies and companies emanating from China, taking advantage of the contacts that were made by the Company over the last two years.
The Company retained its trace and tracking subsidiary, Globe Staff Consulting Corp, (GSFC) which voluntarily consented to a revocation of the registration of its stock on October 20, 2006 because it had not filed reports required under Section 13 of the Securities Exchange Act of 1934, as amended.
For more information on SSTY and GSFC go to: http://www.suretrace.com and to http://www.gsc.fr/corp/. These websites are not deemed, however, to be a part of this press release. Please note, both sites are currently undergoing renovation.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
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.