SEC News Digest (Issue 2008-207; October 24, 2008)

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ENFORCEMENT PROCEEDINGS

In the Matter of Cat-A-Tonic Beverage Corp.

An Administrative Law Judge has issued an Order Making Findings and Revoking Registrations by Default (Default Order) in Cat-A-Tonic Beverage Corp., Administrative Proceeding No. 3-13223. The Order Instituting Proceedings alleged that Respondents failed repeatedly to file required annual and quarterly reports while their securities were registered with the Securities and Exchange Commission. The Default Order finds these allegations to be true as to Respondents Cat-A-Tonic Beverage Corp., Chlorophyllix, Inc., Clem's Stox, Inc., Fashion Barn, Inc., and Merlin Software Technologies International, Inc., and revokes the registrations of each class of registered securities of these Respondents, pursuant to Section 12(j) of the Securities Exchange Act of 1934. (Rel. 34-58835; File No. 3-13223)

In the Matter of Alamo Financial Services, Inc.

An Administrative Law Judge has issued an Order Making Findings and Revoking Registrations by Default (Default Order) in Alamo Financial Services, Inc., Administrative Proceeding No. 3-13180. The Order Instituting Proceedings alleged that Respondents failed repeatedly to file required annual and quarterly reports while their securities were registered with the Securities and Exchange Commission. The Default Order finds these allegations to be true as to Respondents Alamo Financial Services, Inc., Incubus Acquisitions, Inc. (n/k/a ECS Industries, Inc.), Particle 1, Inc., Particle 2, Inc., Particle 3, Inc., Particle 4, Inc., Particle 5, Inc., Particle 6, Inc., Source One, Inc., and 2TheMax.Com, Inc., and revokes the registrations of each class of registered securities of these Respondents, pursuant to Section 12(j) of the Securities Exchange Act of 1934. (Rel. 34-58836; File No. 3-13180)

In the Matter of American Environmental Corp.

An Administrative Law Judge has issued an Order Making Findings and Revoking Registrations by Default as to Two Respondents (Default Order) in (n/k/a TrackBets Int'l, Inc.), Administrative Proceeding No. 3-13185. The Order Instituting Proceedings alleged that three Respondents each failed repeatedly to file required annual and quarterly reports while their securities were registered with the Securities and Exchange Commission.

The Default Order finds these allegations to be true as to two Respondents. It revokes the registrations of each class of registered securities of American Environmental Corp. (n/k/a TrackBets International, Inc.) and Bam! Entertainment, Inc., pursuant to Section 12(j) of the Securities Exchange Act of 1934. The proceeding remains pending as to the third Respondent, Rudy Nutrition. (Rel. 34-58837; File No. 3-13185)

Commission Revokes Registration of Securities of Russian Athena, Inc. for Failure to Make Required Periodic Filings

On October 24, the Commission revoked the registration of each class of registered securities of Russian Athena, Inc. (Russian Athena) for failure to make required periodic filings with the Commission.

Without admitting or denying the findings in the Order, except as to jurisdiction, which it admitted, Russian Athena consented to the entry of an Order Making Findings and Revoking Registration of Securities Pursuant to Section 12(j) of the Securities Exchange Act of 1934 as to Russian Athena, Inc. finding that it had failed to comply with Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) and Rules 13a-1 and 13a-13 thereunder and revoking the registration of each class of Russian Athena's securities pursuant to Section 12(j) of the Exchange Act. This order settled the charges brought against Russian Athena in In the Matter of Nicole Industries, Inc., et al., Administrative Proceeding File No. 3-13191.

Brokers and dealers should be alert to the fact that Exchange Act Section 12(j) provides, in pertinent part, as follows:

No member of a national securities exchange, broker, or dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, any security the registration of which has been and is suspended or revoked . . . .

For further information see Order Instituting Administrative Proceedings and Notice of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934, In the Matter of Nicole Industries, Inc., et al., Administrative Proceeding File No. 3-13191, Exchange Act Release No. 58535 (Sept. 12, 2008). (Rel. 34-58841; File No. 3-13191)

Commission Revokes Registration of Securities of Skyframes, Inc. (n/k/a Helsinki Scientific, Inc.) (Cik No. 919602) for Failure to Make Required Periodic Filings

On October 24, the Commission revoked the registration of each class of registered securities of Skyframes, Inc. (n/k/a Helsinki Scientific, Inc.) (CIK No. 919602) (Skyframes) for failure to make required periodic filings with the Commission.

Without admitting or denying the findings in the Order, except as to jurisdiction, which it admitted, Skyframes consented to the entry of an Order Making Findings and Revoking Registration of Securities Pursuant to Section 12(j) of the Securities Exchange Act of 1934 as to Skyframes, Inc. (n/k/a Helsinki Scientific, Inc.) (CIK No. 919602) finding that it had failed to comply with Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) and Rules 13a-1 and 13a-13 thereunder and revoking the registration of each class of Skyframes's securities pursuant to Section 12(j) of the Exchange Act. This order settled the charges brought against Skyframes in In the Matter of Nicole Industries, Inc., et al., Administrative Proceeding File No. 3-13191.

Brokers and dealers should be alert to the fact that Exchange Act Section 12(j) provides, in pertinent part, as follows:

Commission Revokes Registration of Securities of California Service Stations, Inc. for Failure to Make Required Periodic Filings

On October 24, the Commission revoked the registration of each class of registered securities of California Service Stations, Inc. (California Service Stations) for failure to make required periodic filings with the Commission.

Without admitting or denying the findings in the Order, except as to jurisdiction, which it admitted, California Service Stations consented to the entry of an Order Making Findings and Revoking Registration of Securities Pursuant to Section 12(j) of the Securities Exchange Act of 1934 as to California Service Stations, Inc. finding that it had failed to comply with Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) and Rules 13a-1 and 13a-13 thereunder and revoking the registration of each class of California Service Stations's securities pursuant to Section 12(j) of the Exchange Act. This order settled the charges brought against California Service Stations in In the Matter of California Service Stations, et al., Administrative Proceeding File No. 3-13184.

Brokers and dealers should be alert to the fact that Exchange Act Section 12(j) provides, in pertinent part, as follows:

For further information see Order Instituting Administrative Proceedings and Notice of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934, In the Matter of California Service Stations, et al., Administrative Proceeding File No. 3-13184, Exchange Act Release No. 58525 (Sept. 11, 2008). (Rel. 34-58843; File No. 3-13184)

Commission Revokes Registration of Securities of Sonoma Marine Technologies, Inc. for Failure to Make Required Periodic Filings

On October 24, the Commission revoked the registration of each class of registered securities of Sonoma Marine Technologies, Inc. (Sonoma Marine) for failure to make required periodic filings with the Commission.

Without admitting or denying the findings in the Order, except as to jurisdiction, which it admitted, Sonoma Marine consented to the entry of an Order Making Findings and Revoking Registration of Securities Pursuant to Section 12(j) of the Securities Exchange Act of 1934 as to Sonoma Marine Technologies, Inc. finding that it had failed to comply with Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) and Rules 13a-1 and 13a-13 thereunder and revoking the registration of each class of Sonoma Marine's securities pursuant to Section 12(j) of the Exchange Act. This order settled the charges brought against Sonoma Marine in In the Matter of Nicole Industries, Inc., et al., Administrative Proceeding File No. 3-13191.

Brokers and dealers should be alert to the fact that Exchange Act Section 12(j) provides, in pertinent part, as follows:

In the Matter of Entertainment Technologies & Programs, Inc.

An Administrative Law Judge has issued an Order Making Findings and Revoking Registrations by Default as to Four Respondents (Default Order) in Entertainment Technologies & Programs, Inc., Administrative Proceeding No. 3-13186. The Order Instituting Proceedings alleged that five Respondents each failed repeatedly to file required annual and quarterly reports while their securities were registered with the Securities and Exchange Commission.

The Default Order finds these allegations to be true as to four Respondents. It revokes the registrations of each class of registered securities of Entertainment Technologies & Programs, Inc., Trans Global Services, Inc., XCL Ltd., and ZymeTx, Inc., pursuant to Section 12(j) of the Securities Exchange Act of 1934. The proceeding remains pending as to the fifth Respondent, Inter-Con/PC, Inc. (Rel. 34-58846; File No. 3-13186)

In the Matter of Scott B. Hollenbeck

An Administrative Law Judge has issued an Order Making Findings and Imposing Sanction by Default (Default Order) in Scott B. Hollenbeck, Administrative Proceeding No. 3-13117. The Order Instituting Proceedings alleged Scott B. Hollenbeck has been permanently enjoined from future violations of Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933, Sections 10(b) and 15(a) of the Securities Exchange Act of 1934 (Exchange Act), and Exchange Act Rule 10b-5, by the U.S. District Court for the Northern District of Georgia. The Default Order finds the allegation to be true, and bars Hollenbeck from association with any broker or dealer pursuant to Section 15(b) of the Exchange Act. (Rel. 34-58847; File No. 3-13117)

In the Matter of AD Art Electronic Sign Corp.

An Administrative Law Judge has issued an Order Making Findings and Revoking Registrations by Default (Default Order) in AD Art Electronic Sign Corp., Administrative Proceeding No. 3-13188. The Order Instituting Proceedings alleged that Respondents failed repeatedly to file required annual and quarterly reports while their securities were registered with the Securities and Exchange Commission. The Default Order finds these allegations to be true as to Respondents AD Art Electronic Sign Corp., Homenet Corp., Little River Ventures, Inc., and Webquest International, Inc., and revokes the registrations of each class of registered securities of these Respondents, pursuant to Section 12(j) of the Securities Exchange Act of 1934. (Rel. 34-58848; File No. 3-13188)

In the Matter of Barry Schechter, C.A.

On October 24, the Commission issued an Order Instituting Administrative Proceedings Pursuant To Rule 102(e) of the Commission's Rules of Practice, Making Findings, and Imposing Remedial Sanctions (Order) against Barry Schechter (Schechter). The Order finds that on Oct. 16, 2008, a final judgment was entered against Schechter, permanently enjoining him from future violations of Section 17(a) of the Securities Act of 1933, and Sections 10(b) and 13(b)(5) of the Securities Exchange Act of 1934 (Exchange Act), and Rules 10b-5, 13b2-1 and 13b2-2 thereunder, and from aiding and abetting any violation of Section 13(a) of the Exchange Act, and Rules 12b-20, 13a-1 and 13a-13 thereunder, in the civil action entitled Securities and Exchange Commission v. Retail Pro, Inc. (fka Island Pacific, Inc.) et al., Civil Action Number 08 CV 1620 WQH (RBB), in the United States District Court for the Southern District of California.

Based on the above, the Order suspends Schechter from appearing or practicing before the Commission as an accountant. Schechter consented to the issuance of the Order without admitting or denying any of findings in the Order, except he admitted the entry of the injunction. (Rel. 34-58849; AAE Rel. 2896; File No. 3-13278)

SECURITIES ACT REGISTRATIONS

Latest Securities Act registrations (TXT)

RECENT 8K FILINGS

Latest 8-K filings (TXT)

http://www.sec.gov/news/digest/2008/dig102408.htm

SEC News Digest

ENFORCEMENT PROCEEDINGS

In the Matter of Cat-A-Tonic Beverage Corp.

In the Matter of Alamo Financial Services, Inc.

In the Matter of American Environmental Corp.

Commission Revokes Registration of Securities of Russian Athena, Inc. for Failure to Make Required Periodic Filings

Commission Revokes Registration of Securities of Skyframes, Inc. (n/k/a Helsinki Scientific, Inc.) (Cik No. 919602) for Failure to Make Required Periodic Filings

Commission Revokes Registration of Securities of California Service Stations, Inc. for Failure to Make Required Periodic Filings

Commission Revokes Registration of Securities of Sonoma Marine Technologies, Inc. for Failure to Make Required Periodic Filings

In the Matter of Entertainment Technologies & Programs, Inc.

In the Matter of Scott B. Hollenbeck

In the Matter of AD Art Electronic Sign Corp.

In the Matter of Barry Schechter, C.A.

SECURITIES ACT REGISTRATIONS

RECENT 8K FILINGS

Modified: 10/24/2008