UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest reported) ~~September~~October 1222, 2003

SURE TRACE SECURITY CORPORATION

(Exact name of registrant as specified in its charter)

Utah 0-11424 84-0959153

(State or other jurisdiction (Commission (IRS Employer

of incorporation) File Number) Identification Number No.)

1530 9^th Avenue SE, Calgary, Alberta, Canada T2G 0T7

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code (403) 693-8014

(Former name or former address, if changed since last report)

~~ITEM~~Item 15. Other Events.

On ~~September~~October 1222, 2003, ~~Sure Trace Security Corporation ("Sure Trace") announced that it has completed a private placement for US $25 million at an average equity investment of $0~~I.63D.OLOGY ~~per~~Laboratories ~~share~~Inc., ~~with~~a ~~Can~~wholly-~~West~~owned ~~Venture~~subsidiary ~~Capital~~of ~~Limited~~Sure ~~("Can-West").~~Trace ~~Can-West~~Security ~~will~~Corporation, ~~acquire~~entered ~~39,450,319~~into ~~restricted~~a ~~shares~~Memorandum of ~~Sure Trace's Common Stock~~Understanding. The ~~terms~~Memorandum of ~~this~~Understanding ~~acquisition~~specifies ~~includes a price guarantee~~ that ~~Can-West's~~Wackenhut ~~investment~~ will bebenefit ~~worth~~from ~~at least 1.5 times its original investment amount on~~ the ~~1st~~ability ~~anniversary~~to ofoffer ~~the~~proprietary ~~date of its investment in Sure Trace~~ and ahighly-effective ~~price~~security ~~guarantee~~solutions ofto ~~at least 3 times~~ its ~~investment~~current onand ~~the~~prospective ~~2nd~~clients ~~anniversary.~~by Asway ~~a condition to the transaction, Sure Trace has agreed to cancel a Letter~~ of ~~Intent that was announced on August 13, 2003, for a private placement with Cavallino Investments Ltd~~I.D.OLOGY Bymarking ~~virtue~~technology ofand ~~this sale of shares, Can~~in-~~West~~field ~~will~~authentication ~~own~~that ~~approximately forty-five percent (45%) of the then total issued and outstanding shares of Sure Trace's common stock and~~ will ~~become~~distinguish ~~Sure~~Wackenhut ~~Trace's~~from ~~largest~~its ~~shareholder.~~competitors ~~Upon~~based on the ~~parties~~ability ~~execution~~to ofprovide a ~~definitive~~broader ~~share~~range ~~purchase agreement, a copy~~ of ~~such~~security ~~agreement~~solutions ~~will be filed with the Securities~~ and ~~Exchange Commission as~~ an ~~exhibit~~increased tolevel anof ~~amendment~~performance tofor ~~the~~its ~~Form 8-K~~clients.

~~The~~Item ~~investment from Can-West will initially come in the form of a $25 million irrevocable letter of credit drawn on Can-West's account with Lloyd's of London~~7. From such letter of credit, Sure Trace will be able to draw down $250,000 per week for the first four (4) weeks and thereafter it will draw down $6 million per month for four (4) months. Each draw down will reduce the remaining amount available under the letter of credit. Exhibits

~~Mr.~~(c) ~~Peter~~Exhibits ~~Leeuwerke, CEO of Sure Trace, stated, "Over the past 6 months, Sure Trace's wholly~~-~~owned~~ ~~subsidiary, I~~10.~~D.OLOGY,~~6 Memorandum ~~has~~of ~~developed~~Understanding for a ~~North~~Strategic ~~American~~Partnership ~~Channel~~between ~~Partner~~The ~~network~~Wackenhut toCorporation ~~address Loss Prevention sales~~ and ~~has recently launched its Industrial and Brand Authentication products. From this network of sales organizations, and~~ I.D.OLOGY's ~~own~~Laboratories ~~direct sales efforts, several national and international accounts specifically seeking sole source security solutions have been developed that include products not specifically owned by I~~Inc.~~D.OLOGY.~~ ~~With~~dated ~~this~~October ~~investment~~22, ~~Sure Trace has the capital to fund planned strategic acquisitions, which will provide for these sole source security solutions and further solidify our competitive market advantage~~2003. Sure Trace is now negotiating the acquisition of these products or companies. These acquisitions will not only add the products needed to fulfill client demand but will add immediate revenue sources. This investment also provides I.D.OLOGY with the financial strength needed to assure Fortune 500 companies and government bodies that we are working with that we have the staying power to deliver high quality customer support in the long-term."

~~SIGNATURES~~Signatures

Pursuant to the requirements of the Securities Exchange of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated at Calgary, Alberta Canada, this 12th day of ~~September~~November, 2003.

SURE TRACE SECURITY CORPORATION

By: /s/ PETER LEEUWERKE Name: Peter Leeuwerke Title: Chief Executive Officer (principal executive officer)

Name: Peter Leeuwerke

Title: Chief Executive Officer

(principal executive officer)

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