Printer Friendly

True Product ID Signs Chinese Contracts with Leading Companies in the Pharmaceutical and Agricultural Industries.

BEIJING & PHILADELPHIA -- Richard A. Bendis, President and CEO of True Product ID, Inc. (TPID) (OTCBB:TPDI) announced that TPID has signed contracts with two Chinese companies in the pharmaceutical and agricultural industries. Both these industries represent two large industries globally and with these contracts, True Product ID is poised to enter additional industries which are constantly plagued by the ever-growing problem of counterfeiting.

The first contract is with a leading pharmaceutical company in China. A multi-year contract has been signed with this pharmaceutical company to tag approximately 160 million of their products annually. On a global scale, almost 10% of the pharmaceuticals within the industry are counterfeited and coupled with the fact that the pharmaceutical industry is one of the largest and most rapidly growing industries around the world, this is truly a strategic client for TPID.

The second contract, an agricultural company, will engage TPID's technology to tag seed packages. This is their initial contract and it will potentially lead to more subsequent contracts in the future.

In addition to these recent contracts with the pharmaceutical and agricultural companies, TPID has several potential contracts in other industries. These include the printing and packaging industries, government documents, automotive, aerospace, tobacco, garment industry, banking and bank notes, and electronics industries. TPID is pursuing a healthy backlog of orders which potentially could close within the second quarter of 2007.

TPID is also focusing on the expanding credit card, smart card, transportation and identification card industry. TPID is in negotiations to develop an exclusive relationship with First Versatile Smartcard Solutions Corporation (VersaCard) in the area of anti-counterfeiting and product authentication for smart and credit cards. This future partnership will see TPID providing its services and anti-counterfeiting technology to several of VersaCard's customers in the smart card industry, including leading Filipino communications, banking, fast food and convenience companies. Besides the Philippines, VersaCard has also made significant progress in the smart and credit card industry in other parts of Asia including Singapore, Korea, and Japan.

Mr. Bendis announced last month that TPID has filed a PCT patent application in China, which will cover the company in many countries around the world to protect its proprietary integrated anti-counterfeiting system. Furthermore, TPID is currently developing its next generation of technologies to position the company to become the leader in anti-counterfeiting and product authentication technologies.

A full video regarding the contents of this press release can be viewed on TPID's website at http://tpid.net/video.htm.

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.tpid.net

About First Versatile Smartcard Solutions Corporation (VersaCard)

First Versatile Smartcard Solutions Corporation (VersaCard) is a privately held corporation organized and existing under the laws of the Philippines. The Company is a leading provider of integrated Smart Card technology in Asia and has developed strategic alliances with the Filipino government, industry, and banking leaders. Smart cards, which function like debit cards, can be used in convenience stores, fast food centers, drugstores, gas stations, supermarkets, and transportation systems.

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.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Sep 25, 2006
Words:779
Previous Article:W Hotels Open Its First Retreat & Spa: W Maldives Turns Private Island Indulgence into a Jet Setter's Luxury Playground.
Next Article:AlphaGraphics Names Vice President of Business Solutions.
Topics:


Related Articles
XECHEM/SHANGHAI FUDAN TO DEVELOP NEW PACLITAXEL ANALOGS.
How to negotiate a trade agreement in China.
The Asia factor: raw materials and jobs are heading away from Latin America, but there's an upside if the region's businesses can turn competition...
Reed enters into partnership with Sinopharm Exhibitions Co.
China's Challenges.
Aircraft News - Asia / Pacific.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters