UNITED STATES OF AMERICA
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 49493 / March 29, 2004
File No. 3-11443
PUBLIC ADMINISTRATIVE PROCEEDINGS INSTITUTED AGAINST UNCOMMON MEDIA GROUP, INC.
On March 29, 2004, the Commission entered an Order Instituting Public Proceedings and Notice of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934 ("Order") against Uncommon Media Group, Inc. ("UMDA" or "Respondent"), a Florida corporation with its principal place of business in New York, New York, which purportedly created and delivered targeted marketing and advertising using multimedia technology, software, and the Internet. UMDA registered common stock with the Commission.
The Order alleges that UMDA has failed to comply with Section 13(a) of the Securities Exchange Act of 1934 and Rules 13a-1 and 13a-13 thereunder by failing to file annual and quarterly reports with the Commission. Specifically, the Order alleges that UMDA failed to file annual reports on Form 10 KSB for the year ended December 31, 2002. Additionally, UMDA failed to file quarterly reports on Form 10-QSB for the quarters ended: June 31, 2002; September 30, 2002; March 31, 2003; June 30, 2003; and September 30, 2003.
A hearing will be scheduled before an administrative law judge to determine whether the allegations contained in the Order are true, to provide the Respondent an opportunity to dispute these allegations, and to determine what remedial sanctions, if any, are appropriate and in the public interest. The Commission directed that an administrative law judge issue an initial decision in this matter within 120 days from the date of service of the Order Instituting Proceedings.