The Securities and Exchange Commission continues to clear the regulatory deck of public companies that are delinquent in making public filings. On September 7, 2005, the SEC issued its largest order of suspension ever, announcing that trading had been suspended temporarily in the securities of 39 public companies. The suspension, which began at 9:30 am on September 7, will conclude at 11:59 pm on September 20, 2005.
The SEC's order suspended trading for 10 days in the following companies:
Advanced Media, Inc. (AVMJ)
Air Packaging Technologies, Inc. (AIRP)
American Film Technologies, Inc. (AFTC)
American Plastics & Chemicals, Inc. (APLC)
AmeriQuest Technologies, Inc. (AMQT)
Apparel Technologies, Inc. (APTX)
BPI Packaging Technologies, Inc. (BPIE)
Chantal Pharmaceutical Corp. (CHTL)
CML Group, Inc. (CMLK)
Compositech, Ltd. (CTEK)
Crown Laboratories, Inc. (CLWB)
DBS Industries, Inc. (DBSS)
Dental Medical Diagnostic Systems, Inc. (DMDS)
Dispatch Management Services Corp. (DMSC)
Eglobe, Inc. (EGLOQ)
Enamelon, Inc. (ENML)
Finantra Capital, Inc. (FANT)
First Scientific, Inc. (FSFI)
Hayes Corp. (HAYEQ)
Hybrid Networks, Inc. (HYBR)
iPrint Technologies, Inc. (IPRT)
Microage, Inc. (MICAQ)
MigraTEC, Inc. (MIGR)
Network Computing Devices, Inc. (NCDI)
Pacific Systems Control Technology, Inc. (PFSY)
Paracelsian, Inc. (PRLN)
Pharmaprint, Inc. (PPRT)
Pinnacle Micro, Inc. (PNLEQ)
Semiconductor Laser International Corp. (SLIC)
Socrates Technologies Corp. (SOCT)
Star Technologies, Inc. (STRR)
Sunrise Technologies International, Inc. (SNRS)
Telemonde, Inc. (TLMD)
thehealthchannel.com, Inc. (THCH)
Transmedia Asia Pacific, Inc. (MBTA)
Tristar Corp. (TSAR)
VDC Communications, Inc. (VDCI)
Vianet Technologies, Inc. (VNTK)
Visionamerica, Inc. (VSNA)
In each instance, the SEC cited the failure of the public company to file required periodic reports as the reason for ordering trading suspended. A brief review reveals that each of these issuers was chronically delinquent in those filing obligations;
Company Last Public Filing
Advanced Media September 30, 1998
Air Packaging Technologies September 30, 2002
American Film Technologies September 30, 2000
American Plastics & Chemicals August 31, 1995
AmeriQuest Technologies December 31, 2001
Apparel Technologies February 28, 1998
BPI Packaging Technologies September 30, 2000
Chantal Pharmaceutical March 31, 1998
CML Group July 31, 1998
Compositech September 30, 2000
Crown Laboratories June 30, 1998
DBS Industries March 31, 2002
Dental Medical Diagnostic Systems December 31, 2000
Dispatch Management Services September 30, 2000
Eglobe September 30, 2000
Enamelon December 31, 1999
Finantra Capital September 30, 2000
First Scientific December 31, 2001
Hayes October 3, 1998
Hybrid Networks March 31, 2002
iPrint Technologies June 30, 2002
Microage July 30, 2000
MigraTEC June 30, 2003
Network Computing Devices March 31, 2002
Pacific Systems Control Technology September 30, 2003
Paracelsian June 30, 2002
Pharmaprint December 31, 2000
Pinnacle Micro December 25, 1999
Semiconductor Laser International September 30, 2000
Socrates Technologies September 30, 2000
Star Technologies September 30, 1999
Sunrise Technologies International September 30, 2001
Telemonde June 30, 2002
thehealthchannel.com September 30, 2001
Transmedia Asia Pacific December 31, 2000
Tristar February 24, 2001
VDC Communications March 31, 2001
Vianet Technologies December 31, 2002
Visionamerica June 30, 2000
The SEC also has filed three separate administrative proceedings against sixteen of these companies seeking to revoke, or suspend for up to twelve months, the registration of their securities, based upon the delinquencies. The following issuers were named in the administrative actions: Advanced Media, Inc., American Film Technologies, Inc., AmeriQuest Technologies, Inc., BPI Packaging Technologies, Inc., CML Group, Inc., Compositech, Ltd., Dispatch Management Services Corp., Eglobe, Inc., Enamelon, Inc., Paracelsian, Inc., Semiconductor Laser International Corp., Socrates Technologies Corp., Star Technologies, Inc., Telemonde, Inc., VDC Communications, Inc., and Transmedia Asia Pacific, Inc. Each of these companies is quoted on the Pink Sheets.
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