The Securities and Exchange Commission

[Stock]

34-55690 May 2, 2007 Discovery Zone, Inc.

http://www.sec.gov/litigation/admin/2007/34-55690.pdf

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 55690 / May 2, 2007
ADMINISTRATIVE PROCEEDING
File No. 3-12519
In the Matter of
Cosmetic Center, Inc.,
Discovery Zone, Inc.,
Donlar Biosyntrex Corp.,
Donlar Corp.,
Impax Laboratories, Inc.,
Phoenix Waste Services Company, Inc., and
Telynx, Inc.,
Respondents.
ORDER MAKING FINDINGS AND
REVOKING REGISTRATION OF
SECURITIES PURSUANT TO
SECTION 12(j) OF THE
SECURITIES EXCHANGE ACT OF
1934 AS TO DISCOVERY ZONE,
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 Discovery
Zone, Inc. (“Discovery Zone” 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 December 29, 2006, 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, which is admitted, 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 as to Discovery Zone, Inc. (“Order”), as set forth below.
III.
On the basis of this Order and Respondent’s Offer, the Commission finds that1:
1. Discovery Zone (CIK No. 900392) is a Delaware corporation based in
Elmsford, New York. At all times relevant to this proceeding, the common stock of
Discovery Zone was registered with the Commission under Exchange Act Section 12(g).
The Respondent filed a Chapter 11 bankruptcy proceeding on April 20, 1999, which was
later converted to a Chapter 7 proceeding on May 23, 2000.
2. Discovery Zone 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 the period ended December 31, 1998.
IV.
In view of the foregoing, the Commission deems it necessary and appropriate for the
protection of investors to impose the sanction specified in Respondent’s Offer.
Accordingly, it is hereby ORDERED that:
Pursuant to Section 12(j) of the Exchange Act, the registration of each class of Discovery
Zone’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.