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U.S. Securities and Exchange Commission

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

Securities Exchange Act of 1934
Release No. 48856/December 1, 2003

Administrative Proceedings
File No. 3-11279


In the Matter of

PROFESSIONAL TRANSPORTATION GROUP LTD., INC.

Respondent.   


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ORDER MAKING FINDINGS AND IMPOSING REMEDIAL SANCTION BY DEFAULT

The Securities and Exchange Commission (Commission) initiated this proceeding on September 29, 2003, pursuant to Section 12(j) of the Securities Exchange Act of 1934 (Exchange Act). Respondent Professional Transportation Group Ltd., Inc. (PTG), was served with the Order Instituting Proceedings (OIP) on October 8, 2003. As of December 1, 2003, PTG has failed to file an Answer, due on October 28, 2003. See 17 C.F.R. 201.220(b); OIP at 2. PTG also failed to appear at a telephonic prehearing conference held on November 3, 2003.

The Division of Enforcement (Division) filed a Motion for Default against PTG on November 10, 2003. On November 12, 2003, I ordered PTG to show cause on or by November 21, 2003, why it should not be held in default and why the registration of its stock should not be revoked. On November 25, 2003, the Division renewed its motion for default. As of December 1, 2003, PTG has failed to file an Answer to the OIP, failed to appear at a scheduled telephonic prehearing conference, and has not responded to my Order to show cause. Accordingly, PTG is in default within the meaning of Rules 155(a) and 220(f) of the Commission's Rules of Practice, 17 C.F.R. 201.155(a), .220(f), and I may determine the proceeding against it upon consideration of the record, including the OIP, the allegations of which may be deemed to be true.

I find the following allegations in the OIP to be true:

PTG was a Georgia corporation headquartered in Marietta, Georgia, that formerly provided truckload delivery services. On November 9, 2002, the Georgia Secretary of State administratively dissolved PTG for failure to file its annual corporation registration.

PTG's common stock has been registered with the Commission pursuant to Section 12(g) of the Exchange Act since May 15, 1997. PTG failed to file its required annual reports on Form 10-K for the years ended December 31, 2000, December 31, 2001, and December 31, 2002. PTG also failed to file its required quarterly reports on Form 10-Q for the quarters ended September 30, 2000; March 31, 2001; June 30, 2001; September 30, 2001; March 31, 2002; June 30, 2002; September 30, 2002; March 31, 2003; and June 30, 2003.

As a result of its failure to file these required annual and quarterly reports, PTG violated Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder. These violations were recurrent, egregious, and deprived the investing public of current and accurate financial information on which to make informed decisions.

Accordingly, I find that revocation of the registration of PTG common stock is necessary and appropriate for the protection of investors.

IT IS ORDERED that, pursuant to Section 12(j) of the Exchange Act, the registration of the common stock of Professional Transportation Group Ltd., Inc. is hereby REVOKED.

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Lillian A. McEwen
Administrative Law Judge


http://www.sec.gov/litigation/admin/34-48856.htm


Modified: 12/01/2003