Abacan Resources Corp., Heroes, Inc., American Multiplexer Corp., DMT Energy, Inc., JTS Corp., Webvan Group, Inc., Asset Equity Group, Inc., Household Direct, Inc., International Brands, Inc., Interspace Enterprises, Inc., JSJ Capital II, Inc., Mega Micro Technologies Group, Inc., S D E Holdings 2, Inc., Vertical Computer Systems, Inc. and VSAT Net, Inc.
U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934
Release No. 50771 / December 1, 2004
Administrative Proceeding File No. 3-11759
In the Matter of Abacan Resources Corp. and Heroes, Inc.
Administrative Proceeding File No. 3-11760
In the Matter of American Multiplexer Corp., DMT Energy, Inc., JTS Corp. and Webvan Group, Inc.
Administrative Proceeding File No. 3-11761
In the Matter of Asset Equity Group, Inc., Household Direct, Inc., International Brands, Inc., Interspace Enterprises, Inc., JSJ Capital II, Inc., Mega Micro Technologies Group, Inc., S D E Holdings 2, Inc., Vertical Computer Systems, Inc. and VSAT Net, Inc.
SECURITIES AND EXCHANGE COMMISSION INSTITUTES ADMINISTRATIVE PROCEEDINGS AGAINST 15 DELINQUENT COMPANIES, INCLUDING 6 HIGH VOLUME DELINQUENT PINK SHEET COMPANIES, FOR FAILURE TO MAKE REQUIRED PERIODIC FILINGS
The U.S. Securities and Exchange Commission today instituted three separate public administrative proceedings against a total of fifteen companies to determine whether the registration of each class of their securities should be revoked or suspended for failure to file required periodic reports.
In the Matter of Abacan Resources Corp., et al., Administrative Proceeding File No. 3-11759
In this proceeding, the Commission issued administrative proceedings against the following issuers:
- Abacan Resources Corp.
- Heroes, Inc.
In this Order, the Division of Enforcement alleges that the two issuers are delinquent in their required periodic filings with the Commission. The Division of Enforcement also alleges that each of these issuers has, at times during the past twelve months, traded at volumes exceeding 100,000 shares per day, placing them among the highest volume delinquent issuers quoted on the Pink Sheets.
In the Matter of American Multiplexer Corp., et al., Administrative Proceeding File No. 3-11760
In this proceeding, the Commission instituted administrative proceedings against the following issuers:
- American Multiplexer Corp.
- DMT Energy, Inc.
- JTS Corp.
- Webvan Group, Inc.
In this Order, the Division of Enforcement alleges that the four issuers are delinquent in their required periodic filings with the Commission. The Division of Enforcement also alleges that each of these issuers has, at times during the past twelve months, traded at volumes exceeding 100,000 shares per day, placing them among the highest volume delinquent issuers quoted on the Pink Sheets.
In the Matter of Asset Equity Group, Inc., et al., Administrative Proceeding File No. 3-11761
In this proceeding, the Commission instituted administrative proceedings against the following issuers:
- Asset Equity Group, Inc.
- Household Direct, Inc.
- International Brands, Inc.
- Interspace Enterprises, Inc.
- JSJ Capital II, Inc.
- Mega Micro Technologies Group, Inc.
- S D E Holdings 2, Inc.
- Vertical Computer Systems, Inc.
- VSAT Net, Inc.
In this Order, the Division of Enforcement alleges that the nine issuers are or were affiliated with either Scott A. Deitler, of Boulder, Colorado, or Anthony N. DeMint, of Henderson, Nevada, and that they are all delinquent in their periodic filings. The Division of Enforcement also alleges that each of these issuers failed, in whole or in part, to heed delinquency letters sent to them by the Division of Corporation Finance requesting compliance with their periodic filing obligations or did not receive such letters because the last address on file with the Commission for some of the issuers was not valid.
In each of these proceedings, instituted pursuant to Section 12(j) of the Securities Exchange Act of 1934 (Exchange Act), a hearing will be scheduled before an Administrative Law Judge. At those hearings, the judge will hear evidence from the Division of Enforcement and the respondents to determine whether the allegations of the Division of Enforcement contained in the Orders, which the Division alleges constitute violations of Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder, are true. The judge will then determine whether the registrations pursuant to Exchange Act Section 12 of the securities of these respondents should be revoked, or in the alternative, suspended for a period not exceeding twelve months.
![]() | See also the Order Instituting Administrative Proceedings, In the Matter of Abacan Resources Corp., et al., Administrative Proceeding File No. 3-11759 |
![]() | See also the Order Instituting Administrative Proceedings, In the Matter of American Multiplexer Corp., et al., Administrative Proceeding File No. 3-11760 |
![]() | See also the Order Instituting Administrative Proceedings, In the Matter of Asset Equity Group, Inc., et al., Administrative Proceeding File No. 3-11761 |
![]() | See also Order of Suspension of Trading, In the Matter of Abacan Resources Corp., et al., File No. 500-1 |
![]() | See also Order of Suspension of Trading, In the Matter of Asset Equity Group, Inc., et al., File No. 500-1 |
Last Reviewed or Updated: June 27, 2023