Diatect International Corporation (fka DTCT)

[MWM]

Diatect International Announces Favorable Initial Decision in SEC Administrative Proceeding
Feb 7, 2008 9:10:00 AM
Copyright Business Wire 2008
View Additional ProfilesHEBER CITY, Utah--(BUSINESS WIRE)--

Diatect International Corporation (Pink Sheets: DTCT), a company providing natural 'go green' insect control products, today announced that Judge James T. Kelly has dismissed proceedings brought against Diatect by the SEC in September 2007. The initial decision denied a request by the Securities and Exchange Commission's Division of Enforcement to revoke Diatect's registration and suspend the trading of its shares. The decision will become final once the commission enters an order of finality.

Ruling in favor of Diatect, Administrative Law Judge James T. Kelly said, "Diatect has recently devoted significant resources to satisfying its reporting obligations. In its answer and at the prehearing conference, Diatect provided a schedule for becoming current. Over the past few months, it has kept its commitments. Diatect is entitled to credit for becoming current, even if it did not begin to take its filing obligations seriously until after the commission issued the OIP. The investing public now has access to past and current audited financial information."

CEO and Chairman Dave Andrus said, "The initial decision is in the best interests of our shareholders. We believe our shareholders deserve current and accurate financial information. We intend to remain in full compliance going forward. The recent improvements in our capital structure provided by Aspen Capital and improvements in our business bode well for the future of our company."

About Diatect International

Diatect International Corporation produces, markets and distributes eco-friendly and sustainable insecticides for agricultural, commercial and retail markets. Their EPA-labeled products are available through nation-wide distributors, retailers, and via telephone and Internet sales. For more information, please visit http://www.deadbugsnaturally.com or http://www.diatect.com.

An investment profile on Diatect is available at http://www.hawkassociates.com/dtctprofile.aspx.