CEASE TRADE ORDER ISSUED ON UNIVERSITY LAB TECHNOLOGIES
April 13
The Saskatchewan Financial Services Commission (SFSC) issued a temporary cease trade order on April 11, against University Lab Technologies Inc, (ULT) and certain individual salespersons.
University Lab Technologies Inc., based in Boca Raton, Florida, holds itself out as manufacturing and selling natural products that address common complaints among specific groups of people.
George Theodore, Dan Iwanski, Steve Axelrod, Sy Schaiken, Bill Ross, and Richard L. Green act as salespersons for ULT. These individuals have had contact with residents of Saskatchewan by telephone, email and mail, and offered to sell them common shares of ULT. Some Saskatchewan residents have purchased shares in ULT.
Neither these men, nor ULT, have been or are registered to trade in securities in Saskatchewan. The SFSC has also not issued a prospectus receipt to ULT. Therefore, they have contravened both the registration and prospectus requirements of Saskatchewan securities laws.
If anyone has been contacted by a person acting on behalf of ULT, please call the SFSC at 306-787-5936.
The complete decision is available on the Commission's web site at www.sfsc. Gov. Sk.ca.
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For more information, contact:
Ed Rodonets
Financial Services Commission
Regina
Phone: 306-787-5850
Email: erodonets@sfsc. Gov. Sk.ca
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