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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
CYRUS REPORTS OIP COMMON STOCK SECURITIES COMMISSION PROCEEDING PURSUANT QUARTERLY REPORTS VIOLATIONS INVESTORS CYRUS INDUSTRIES ADMINISTRATIVE LAW JUDGE SANCTION ACCURATE FINANCIAL INFORMATION CONGRESS WASHINGTON RESPONDENT FINDINGS REVOKES REVOCATION PERIODIC REPORTS FAILING PROTECTION CIR DOCKET COMMISSION PRECEDENT SANCTION CONSIDERATIONS SET CORPORATIONS VIOLATED EXCHANGE |
United States of America
before the
Securities and Exchange Commission
Washington, D.C. 20549
Securities Exchange Act of 1934
Release No. 48523 / September 23, 2003
Administrative Proceeding
File No. 3-11221
_________________________________________________________________
In the Matter of
CYRUS INDUSTRIES, INC.
Respondent.
_________________________________________________________________
ORDER MAKING FINDINGS AND REVOKING REGISTRATION BY DEFAULT
SUMMARY
This Order revokes the registration of the common stock of Cyrus
Industries, Inc. (Cyrus). The revocation is based on Cyrus's repeated
failure to file required periodic reports with the Securities and
Exchange Commission (Commission).
I. BACKGROUND
The Commission initiated this proceeding on August 14, 2003, with an
Order Instituting Proceedings (OIP), pursuant to Section 12(j) of the
Securities Exchange Act of 1934 (Exchange Act). The OIP alleges that
Cyrus's common stock was registered under Section 12(g) of the
Exchange Act in 2000, and that Cyrus failed to file required annual
and quarterly reports since then. Cyrus was served with the OIP on
August 29, 2003. Cyrus failed to file an answer, due on September 22.
A Respondent that fails to file an answer to the OIP may be deemed to
be in default, and the administrative law judge may determine the
proceeding against it. 17 C.F.R. §§ 201.155(a), .220(f). Thus, Cyrus
is in default, and the undersigned finds that the allegations in the
OIP are true.
II. FINDINGS OF FACT
Cyrus registered its common stock pursuant to Section 12(g) of the
Exchange Act on Form 10-SB on June 22, 2000. The registration became
effective on August 21, 2000. Since that date Cyrus has not filed any
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