Holograms Can Defeat Global Counterfeiting Epidemic And Rescue Governments From Financial Crisis 1

MEDIA RELEASE PR38368



Holograms Can Defeat Global Counterfeiting Epidemic and Rescue Governments From Financial Crisis

KIEV, Feb. 16 /PRNewswire-AsiaNet/ --





EDAPS Offers Secure Cigarette Tax Stamps Solution



As the world continues to grapple with global economic challenges, a new

method of securing cigarette tax stamps from counterfeiting and falsification

could save nations from revenue losses totaling more than $50 billion (US)

annually. New specialized holograms used as a foundation of the comprehensive

enforcement solution from the EDAPS Consortium, may cut off funds supporting

organized crime and terrorism, two consistent beneficiaries of the world's

near trillion dollar counterfeit and piracy plague.



The World Health Organization Framework Convention on Tobacco Control has

determined the estimated 600 billion counterfeited and smuggled cigarettes

crossing national borders annually represents $50 billion (US) in lost

revenue affecting nations throughout the world.



Some 400 governmental organizations and companies currently use

holographic elements produced by EDAPS Consortium, one of the world's leading

producers of holographic security elements (HSE).



"By combining state of the art holograms with our enforcement methodology

and Track & Trace System, we are enabling government agencies to double their

revenues from the sales of excisable products while shutting down illegal

uses that often fund transnational criminal activities," said Alexander

Vassiliev, Chairman of EDAPS.



The Secretary General of the World Customs Organization has singled out

for praise the Ukrainian system of protecting goods with tax stamps with

holographic security elements developed by EDAPS. "This system is a good

example for other states," said Michel Danet at the Global Congress on

Combating Counterfeiting & Piracy.



"The key role of our organization is to provide reference information and

inform government institutions of the methods of protecting goods from

counterfeiting. These methods become more complicated while shadow market

dealers develop new methods of counterfeiting not only products, but security

elements as well," the Secretary General concluded.



In addition to providing highest security tax stamps and their Track &

Trace System, the EDAPS Consortium is providing nations around the world with

consultant support on enforcement methodology, circulation and verification

of excise stamps and tobacco products so as to develop solutions to


challenges outlined by the World Customs Organization.



Also, The World Bank and the International Monetary Fund have both

declared the introduction of anti-counterfeiting measures such as

forgery-proof tax stamps as essential to combating tobacco smuggling.



http://edaps.ua/en/





SOURCE: EDAPS Consortium



CONTACT: Olga Lubimova of EDAPS Consortium

+38044-5612570/11

Fax: +38044-5612545




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