Pattinson Hayton, et al.

LITIGATION RELEASE NO. 17873 / December 3, 2002

SECURITIES AND EXCHANGE COMMISSION v. PATTINSON HAYTON, et al. Civ. No. 01-589-GLT (USDC CD Cal)

PERMANENT INJUNCTION ENTERED AGAINST PATTINSON HAYTON, ORDERS OF DISGORGEMENT ENTERED AGAINST RELIEF DEFENDANTS

The Commission announced today that on November 27, 2002, the Honorable Gary L. Taylor, United States District Judge, entered a final judgment of permanent injunction by default against Pattinson Hayton, the undisclosed control person of Tradamax Group, Inc. Tradamax formerly had an office in Newport Beach, California. Hayton, who also uses the name Pat Leslie-Hayton, recently used a business address in Newport, Rhode Island.

The final judgment enjoins Hayton from violating Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, and Sections 10(b), 13(d) and 16(a) of the Securities Exchange Act of 1934, and Exchange Act Rules 10b-5, 13d-1, 16a-2 and 16a-3. Hayton was also enjoined from aiding and abetting or causing violations of Sections 13(a) and 13(b)(2)(A) of the Exchange Act, and Exchange Act Rules 12b-20, 12b-25, 13a-1, 13a-11, and 13a-13. Hayton was also ordered to pay disgorgement of $328,516 plus interest. Further, Hayton was barred from serving as an officer or director of any publicly held company.

The Court also ordered that relief defendant Carlisle Holdings, Ltd. pay disgorgement totaling $95,509, plus prejudgment interest and that relief defendant Netvest (Ontario) Ltd., pay disgorgement totaling $62,600, plus prejudgment interest. The complaint alleged that Carlisle and Netvest were controlled by Hayton and were used to sell securities or receive funds from investors who purchased stock from Hayton.

The Commission's complaint, filed in the U.S. District Court for the Central District of California on June 21, 2001, alleged that Hayton, Tradamax and Conrad Diaz, a former Tradamax officer and director made numerous fraudulent public statements regarding: (1) the control of Tradamax by Pattinson Hayton, a recidivist securities law violator; (2) the identity of Tradamax's chief executive officer; (3) the company's business, an Internet website portal designed to facilitate coffee bean and other commodities trading; (4) Tradamax's claimed business relationships; and (5) the company's projected revenues and income. As alleged in the complaint, these fraudulent statements were made in press releases, Internet websites, Spam e-mail messages, Internet message boards, reports filed with the Commission, and promotional materials distributed to prospective investors.

For more information, see Litigation Releases No.17677 (August 13, 2002), 17046 (June 21, 2001) and 17061 (July 5, 2001).

For tips on how to avoid Internet "pump-and-dump" stock manipulation schemes, visit http://www.sec.gov/investor/online/pump.htm.

For more information about Internet fraud, visit http://www.sec.gov/divisions/enforce/internetenforce.htm.

To report suspicious activity involving possible Internet fraud, visit http://www.sec.gov/complaint.shtml.