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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
EXCHANGE ACT INSTITUTING SECURITIES EXCHANGE ACT COMMISSION ADMINISTRATIVE PROCEEDING PROJECTS CORPORATION SUSPENSION STOCK ALLEGES ALLEGATIONS DEFUNCT DELAWARE CORPORATION SEEKING REVOCATION COMMON STOCK ENFORCEMENT ALLEGES QUARTERLY REPORTS MISLEADING STATEMENTS PURPORTED BUSINESS RELATIONSHIPS FINANCING COMMITMENTS THEREUNDER ADMINISTRATIVE LAW JUDGE DISPUTE PROTECTION INVESTORS REVOKE REGISTRATION PURSUANT |
Securities and Exchange Commission
SECURITIES EXCHANGE ACT OF 1934
Release. No. 47512 / March 17, 2003
Administrative Proceeding
File No. 3-11066
Proceedings Instituted against Nano World Projects Corporation
The Commission announced that it has instituted administrative
proceedings against Nano World Projects Corporation ("Nano World"),
now a defunct Delaware corporation, seeking revocation or suspension
of the registration of its common stock. In the Order Instituting
Proceedings ("Order"), the Division of Enforcement alleges, among
other things, that Nano World has failed to file mandatory annual or
quarterly reports since December 2000, and has made false and
misleading statements concerning purported business relationships and
financing commitments in several press releases and in a Form 8-K
filed with the Commission on November 22, 2000. The Order further
alleges that Nano World thereby failed to comply with Sections 10(b)
and 13(a) of the Securities Exchange Act of 1934 ("Exchange Act") and
Rules 10b-5, 12b-20, 13a-1, 13a-11 and 13a-13 thereunder. The
proceedings were instituted under Section 12(j) of the Exchange Act.
A hearing will be scheduled before an administrative law judge to
determine whether the allegations contained in the Order are true, to
provide Nano World an opportunity to dispute these allegations, and to
determine whether it is necessary and appropriate for the protection
of investors to revoke or suspend the registration pursuant to Section
12(g) of the stock of Nano World.
_________________________________________________________________
Modified 04/09/2003
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