Sep 23, 2009
Pink OTC Markets News Service
Washington, D.C.—
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934 Release No. 60707 / September 23, 2009
The Securities and Exchange Commission (the “Commission”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange Act"), of trading in the securities of the following 17 companies at 9:30 a.m. EDT on September 23, 2009, and terminating at 11:59 p.m. EDT on October 6, 2009: AEI Transportation Holdings, Inc. (DTGP) of Seattle, Washington; The Alcar Chemicals Group, Inc. (ALCX) of Vercheres, Quebec; China Adnet Enterprises, Inc. (CAEJ) of New York, New York; Innolife Pharma, Inc. (INNP) of Toronto, Ontario; KSW Industries, Inc. (KSWJ) of Etobicoke, Ontario; Level Vision Electronics, Inc. (LVLV) of Montreal, Quebec; Life Exchange, Inc. (LFXG) of Miami, Florida; Lotta Coal, Inc (LCOL) of Calgary, Alberta; Magellan Energy Ltd. (MGLG) of Mississauga, Ontario; Marinas International, Inc. (MNSI) of Cincinnati, Ohio; Microlink Solutions, Inc. (PKTO) of Calgary, Alberta; UDS Group, Inc. (UDSG) of Boca Raton, Florida; United Environmental Energy Corp. (UTEM) of Fort Lauderdale, Florida; Uptrend Corp. (UPCP) of Shinjingshan District, Beijing; VShield Software Corp. (VSHE) of Henderson, Nevada, World Hockey Association Corp. (WHKA) of Oldsmar, Florida; and WW Energy, Inc. (WWNG) of Farmington, New Mexico.
The Commission temporarily suspended trading in the securities of the 17 companies because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning their status as publicly-traded companies. Specifically, certain persons appear to have either: 1) usurped the identity of defunct or inactive publicly traded corporations, initially by incorporating new entities using the same names as each of the defunct entities, or 2) reinstated defunct publicly traded corporations without authorization.
The Commission cautions brokers, 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 suspended companies.
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 in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 5515777.
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 any of the foregoing 17 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 prompt enforcement action.
If any broker dealer or other person has any information that may relate to this matter, it or he should contact John Polise, Assistant Director, Division of Enforcement by calling 202-551-4600 or sending an email to suspensions@sec.gov.
AI
