Advanced Technologies Group, Ltd. (fka AVGG)

[Tr8dervic]

AVGG 10Q out. Proposed settlement excerpt:

"ATG, Stelmak and Raskas have now reached an agreement in principle with the
Commission to settle the action in its entirety. Such settlement (the
"Settlement") has been approved by the ATG Board of Directors and the individual
defendants, and the parties are waiting for final approval from the Commission.
Under the proposed Settlement, defendants consent to judgment in the total
amount of $19,186,536.32, with such funds being distributed to investors who
participated in the unregistered offerings at issue. ATG and Stelmak consent to
judgment against them in the full amount of $19,186,536.32, and have agreed to
certain prohibitions, including for Stelmak and ATG, a permanent injunction
against future violations of Section 5(a) and 5(c) of the Securities Act, and
for Stelmak a five year ban from participating in any offering of penny stock.
Stelmak and ATG also have accepted civil penalties of $6,500 and $65,000,
respectively. Raskas, for his part, consents to judgment of $4,749,948.03 of the
total $19,186,536.32 judgment at issue. As no penalties or restrictions were
sought against Raskas, none are contained in his proposed judgment.

The Commission has agreed that all settlement funds (except the civil
penalty for Stelmak) will be paid by ATG, with Raskas (only to the limited
extent of his liability) and Stelmak responsible for any shortfall. ATG has
requested that the plan of distribution for the funds provide that any current
or former shareholders in ATG claiming any portion of that fund will surrender
the shares owned by that shareholder to ATG, and that ATG will retire those

20
<PAGE>
shares. The Settlement still requires final approval by the Commission, and will
then require court approval before becoming final."

http://www.sec.gov/Archives/edgar/data/1119046/000116552710001000/g4615.txt