UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Securities Exchange Act of 1934
Release No. 47475 / March 10, 2003
File No. 3-11059
SEC INSTITUTES PROCEEDINGS AGAINST HEXAGON CONSOLIDATED COMPANIES OF AMERICA, INC. BASED ON DELINQUENT FILINGS
The Securities and Exchange Commission ("Commission") announced that it has instituted public administrative proceedings against Hexagon Consolidated Companies of America, Inc. ("HCCA"), a Nevada corporation, pursuant to Section 12(j) of the Securities Exchange Act of 1934, to determine whether it is necessary and appropriate for the protection of investors to suspend or revoke the registration of HCCA's common stock.
The Order Instituting Public Administrative Proceedings and Notice of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934 ("Order") alleges that HCCA's common stock was first registered with the Commission in February 1997. The Order further alleges that, from the quarter ended December 31, 1999, to the present time, HCCA has failed to file annual and quarterly reports, as required by Section 13(a) of the Securities Exchange Act of 1934 and Rules 13a-1 and 13a-13 thereunder.
A hearing will be scheduled before an administrative law judge to determine whether the allegations contained in the Order are true, to provide HCCA an opportunity to dispute these allegations, and to determine whether it is necessary and appropriate for the protection of investors to suspend or revoke the registration of HCCA's common stock pursuant to Section 12(g) of the Securities Exchange Act of 1934.