AP 34-55487 Mar. 19,2007 Interchange Medical, Inc.
Administrative Proceeding:
UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934 Release No. 55487 / March 19, 2007 ADMINISTRATIVE PROCEEDING File No. 3-12553 In the Matter of Auto Wholesale Specialists, Inc.., Globalbot Corp., Gsociety, Inc., Icon International Holdings, Inc. (f/k/a Marketing Systems USA, Inc.), Intelliworxx, Inc., Interchange Medical, Inc., Outsource International, Inc., and Smart Choice Automotive Group, Inc., Respondents. ORDER MAKING FINDINGS AND REVOKING REGISTRATION OF SECURITIES PURSUANT TO SECTION 12(j) OF THE SECURITIES EXCHANGE ACT OF 1934 AS TO INTERCHANGE MEDICAL, INC. I. The Securities and Exchange Commission (“Commission”) deems it necessary and appropriate for the protection of investors to accept the Offer of Settlement submitted by Interchange Medical, Inc. (“Interchange” or “Respondent”) pursuant to Rule 240(a) of the Rules of Practice of the Commission, 17 C.F.R. § 201.240(a), for the purpose of settlement of these proceedings initiated against Respondent on January 31, 2007, pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Exchange Act”). II. Solely for the purpose of these proceedings and any other proceedings brought by or on behalf of the Commission, or to which the Commission is a party, and without admitting or denying the findings herein, except as to the Commission’s jurisdiction over it and the subject matter of these proceedings, Respondent consents to the entry of this Order Making Findings and Revoking Registration of Securities Pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Order”), as set forth below. 2 III. On the basis of this Order and Respondent’s Offer, the Commission finds that1: 1. Interchange (CIK No. 1086218) is a Florida corporation located in Fort Lauderdale, Florida. At all times relevant to this proceeding, the securities of Interchange have been registered under Exchange Act Section 12(g). 2. Interchange has failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder because it has not filed any periodic reports with the Commission since it filed a Form 10-QSB for the period ended September 30, 2002, which reported no revenue and net losses of $203,742. IV. In view of the foregoing, the Commission deems it necessary and appropriate for the protection of investors to impose the sanctions specified in Respondent’s Offer. Accordingly, it is hereby ORDERED that: Pursuant to Exchange Act Section 12(j), registration of each class of Respondent’s securities registered pursuant to Exchange Act Section 12 be, and hereby is, revoked. For the Commission, by its Secretary, pursuant to delegated authority. Nancy M. Morris Secretary 1The findings herein are made pursuant to Respondent’s Offer of Settlement and are not binding on any other person or entity in this or any other proceeding.
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