Rhino Ecosystems, Inc
SECURITIES EXCHANGE ACT OF 1934
Release No. 49816 / June 7, 2004
Admin. Proc. File No. 3-11420
In the Matter of RHINO ECOSYSTEMS, INC. |
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ORDER MAKING FINDINGS AND IMPOSING SANCTION BY DEFAULT |
The Securities and Exchange Commission (Commission) issued its Order Instituting Proceedings (OIP) on March 3, 2004, pursuant to Section 12(j) of the Securities Exchange Act of 1934 (Exchange Act). The Division of Enforcement (Division) has provided evidence that an officer of Respondent Rhino Ecosystems, Inc. (Rhino), received the OIP on May 14, 2004.1
Under the terms of Paragraph VI of the OIP and Rule 220 of the Commission's Rules of Practice, Rhino's Answer was due no later than June 3, 2004. No Answer has been filed. Rhino is therefore in default. As authorized by Rule 155(a) of the Commission's Rules of Practice, I find the following allegations of the OIP to be true:
Rhino, a Florida corporation, purportedly designs, develops, and markets a plumbing product. Rhino's common stock has been registered with the Commission pursuant to Section 12(g) of the Exchange Act since January 29, 2000.
Rhino failed to file annual reports with the Commission on Form 10-KSB for the fiscal years ended July 31, 2002, and July 31, 2003. Rhino also failed to file quarterly reports with the Commission on Form 10-QSB for the quarters ended October 31, 2002, January 31, 2003, April 30, 2003, and October 31, 2003. As a result, Rhino has failed to comply with Section 13(a) of the Exchange Act and Exchange Act Rules 13a-1 and 13a-13.
In view of the above, it is necessary and appropriate for the protection of investors to revoke the registration of Rhino's securities pursuant to Section 12 of the Exchange Act.
IT IS ORDERED, pursuant to Section 12(j) of the Securities Exchange Act of 1934, that the registration of all securities of Rhino Ecosystems, Inc., is revoked.
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James T. Kelly
Administrative Law Judge
Endnotes
Last Reviewed or Updated: June 1, 2023