Jun 8, 2004 – LAWFUEL – The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (“Exchange Act”), of trading of the securities of the following issuers at 9:30 a.m. EDT on June 8, 2004, and terminating at 11:59 p.m. EDT on June 21, 2004:
* CathayOne, Inc. (“CATH”)
* J. A. B. Int’l, Inc. (“JABI”)
* Maxx Int’l, Inc. (“MXII”)
* Oasis Resorts Int’l, Inc. (“OSRI”),
* Rollerball Int’l, Inc. (“ROLL”)
* U.S. Homes & Properties, Inc. (“USHM”)
* Wichita Development Corp. (“WHDV”)
* Youthline USA, Inc. (“YLNE”)
* ATC II, Inc. (“ATCA”)
The Commission temporarily suspended trading in the securities of these companies because there is a lack of current and accurate information concerning these issuers due to their failure to make periodic filings as required by Section 13(a) of the Exchange Act.
The Securities and Exchange Commission also announced the temporary suspension, pursuant to Section 12(k) of the Exchange Act, of trading of the securities of the following issuers at 9:30 a.m. EDT on June 8, 2004, and terminating at 11:59 p.m. EDT on June 21, 2004:
* Alcohol Sensors Int’l, Ltd. (“ASIL”)
* Beachport Entertainment Corp. (“BPRT”)
* Biosonics, Inc. (“BISN”)
* Compressent, Inc. (“CSNE”)
* Eye Cash Networks, Inc. (“ECNI”)
* Hamilton-Biophile Companies (“HBPH”)
* Holly Holdings, Inc. (“HOPR” and “HOPRP”)
* Intelligent Decision Systems, Inc. (“IDSI”)
* Long Distance Direct Holdings, Inc. (“LDDI”)
* LRG Restaurant Group, Inc. (“LRGI”)
* Nevada Manhattan Group, Inc. (“NVMH”)
* Parallel Technologies, Inc. (“PLLK”)
* Quadratech, Inc. (“QUDT”)
* Redneck Foods, Inc. (“RDNK”)
* Safetech Industries, Inc. (“SFTH”)
* Viking Resources Int’l, Inc. (“VIKG”)
* Xavier Corp. (“XVRC”)
The Commission temporarily suspended trading in the securities of these companies because there is a lack of current and accurate information concerning these issuers due to their failure to make periodic filings as required by Section 13(a) of the Exchange Act.
The Commission cautions broker dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff of the Securities and Exchange Commission in Washington, D.C. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to the securities of these companies until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker dealer or other person has any information which may relate to this matter, they should immediately communicate it to the Delinquent Filings Branch of the Division of Enforcement at (202) 824-5460, or by e-mail at DelinquentFilings@sec.gov
? See also Order of Suspension of Trading, In the Matter of Cybergate,
Inc., et al., File No.
? See also Order of Suspension of Trading, In the Matter of Alcohol
Sensors Int’l, Ltd., et al., File No.
# # #
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934
Release No. 49823 / June 8, 2004
Administrative Proceeding File No. 3-11512
In the Matter of Cybergate, Inc., Cyber Tennis, Inc., Cyberwholesale, Inc., CathayOne, Inc., eLocity Networks, Inc., Golden Opportunity Development Corp., J. A. B. Int’l, Inc., Maxx Int’l, Inc., Oasis Resorts Int’l, Inc., Rollerball Int’l, Inc., U.S. Homes & Properties, Inc., Wichita Development Corp., Youthline USA, Inc., and ATC II, Inc.
Administrative Proceeding File No. 3-11513
In the Matter of Alcohol Sensors Int’l, Ltd., Beachport Entertainment Corp., Biosonics, Inc., Compressent, Inc., Eye Cash Networks, Inc., Hamilton-Biophile Companies, Holly Holdings, Inc., Intelligent Decision Systems, Inc., Long Distance Direct Holdings, Inc., LRG Restaurant Group, Inc., Nevada Manhattan Group, Inc., Parallel Technologies, Inc., Quadratech, Inc., Redneck Foods, Inc., Safetech Industries, Inc., Viking Resources Int’l, Inc., and Xavier Corp.
U.S. SECURITIES AND EXCHANGE COMMISSION INSTITUTES ADMINISTRATIVE PROCEEDINGS AGAINST 31 COMPANIES
THAT HAVE FAILED TO MAKE REQUIRED PERIODIC FILINGS
The U.S. Securities and Exchange Commission today instituted two separate public administrative proceedings pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Exchange Act”) against a total of thirty-one companies to determine whether the registration of their securities should be revoked or suspended for failure to file required periodic reports.
In the Matter of Cybergate, Inc., et al., Administrative Proceeding File No.
In this proceeding, the Commission issued an Order Instituting Administrative Proceedings and Notice of Hearing Pursuant To Section 12(j) of the Securities Exchange Act of 1934 against the following issuers:
* Cybergate, Inc.
* Cyber Tennis, Inc.
* Cyberwholesale, Inc.
* CathayOne, Inc.
* eLocity Networks, Inc.
* Golden Opportunity Development Corp.
* J. A. B. Int’l, Inc.
* Maxx Int’l, Inc.
* Oasis Resorts Int’l, Inc.
* Rollerball International Inc.
* U.S. Homes & Properties, Inc.
* Wichita Development Corp.
* Youthline USA, Inc.
* ATC II, Inc.
In this Order, the Division of Enforcement alleges that the fourteen issuers are or were affiliated with Richard D. Surber of Salt Lake City, Utah, and that they are all delinquent in their periodic filings with the Commission in violation of Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder. The Division of Enforcement also alleges that each of the issuers failed to heed delinquency letters sent to them by the Commission’s Division of Corporation Finance requesting compliance with their periodic filing obligations.
In the Matter of Alcohol Sensors Int’l, Ltd., et al., Administrative Proceeding File No.
In this proceeding, the Commission issued an Order Instituting Administrative Proceedings and Notice of Hearing Pursuant To Section 12(j) of the Exchange Act against the following additional issuers:
* Alcohol Sensors Int’l, Ltd.
* Beachport Entertainment Corp.
* Biosonics, Inc.
* Compressent, Inc.
* Eye Cash Networks, Inc.
* Hamilton-Biophile Companies
* Holly Holdings, Inc.
* Intelligent Decision Systems, Inc.
* Long Distance Direct Holdings, Inc.
* LRG Restaurant Group, Inc.
* Nevada Manhattan Group, Inc.
* Parallel Technologies, Inc.
* Quadratech, Inc.
* Redneck Foods, Inc.
* Safetech Industries, Inc.
* Viking Resources Int’l, Inc.
* Xavier Corp.
In this Order, the Division of Enforcement alleges that the seventeen issuers are all delinquent in their periodic filings with the Commission in violation of Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder. The Division of Enforcement also alleges that the Commission previously has obtained permanent injunctions against these issuers in the United States District Court for the District of Columbia, and that notwithstanding these injunctions, the issuers have continued to be delinquent in their required periodic filings with the Commission.
In each of the proceedings pursuant to Section 12(j) of the Exchange Act, a hearing will be scheduled before an Administrative Law Judge to determine whether the allegations of the Division of Enforcement contained in the Orders are true, to provide respondents an opportunity to dispute the allegations, and to determine whether the registrations pursuant to Exchange Act Section 12 of the securities of these respondents should be revoked, or in the alternative, suspended for a period not exceeding twelve months.
See also the Order Instituting Administrative Proceedings, In the
Matter of Cybergate, Inc., et al., Administrative Proceeding File No.
See also the Order Instituting Administrative Proceedings, In the
Matter of Alcohol Sensors Int’l, Ltd., et al., Administrative Proceeding File No.
See also Order of Suspension of Trading, In the Matter of Cybergate,
Inc., et al., File No.
See also Order of Suspension of Trading, In the Matter of Alcohol
Sensors Int’l, Ltd., et al., File No.
