WATERCOLOR HOLDINGS (fka WCHG)

[Brookwinn]

August 2007 News Announcement

WaterColor Holdings, Inc. (PINKSHEETS: WCHG) announced that the SEC had instituted an action to suspend trading in the WaterColor securities because of its failure to file required periodic reports. WaterColor has answered the Order of the SEC, and the action is proceeding. WaterColor intends to complete and file as many of its previous reports as it is able. If the SEC is successful, no trading would be permitted in WaterColor's securities.

This was the wording of the SEC:
It appears to the Securities and Exchange Commission that there is a lack of
current and accurate information concerning the securities of United Specialties, Inc. (n/k/a WaterColor Holdings, Inc.) because it has not filed any periodic reports since the period ended September 30, 2003.
The Commission is of the opinion that the public interest and the protection of
investors require a suspension of trading in the securities of the above-listed companies