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U.S. Securities and Exchange Commission

Trading Suspension: Eagle Building Technologies, Inc.

Securities and Exchange Commission
Washington, D.C.

Securities Exchange Act of 1934
Release No. 34-45449 / February 15, 2002

The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange Act"), of over the counter trading of the securities of Eagle Building Technologies, Inc. ("Eagle Building"), of Boca Raton, Florida, at 9:30 a.m. EST, on February 15, 2002, and terminating at 11:59 p.m. EST, on March 1, 2002.

The Commission temporarily suspended trading in the securities of Eagle Building because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, (1) the company's foreign operations and (2) post-September 11 security measures marketed by Eagle Building, including an airport baggage security system, mail sterilization technology, and money laundering detection software.

The Commission cautions broker-dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.

Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff of the Securities and Exchange Commission in Washington, D.C. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to Eagle Building's securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.

If any broker-dealer or other person has any information which may be related to this matter, they should immediately communicate it to Donald M. Hoerl, Associate Regional Director, in the Central Regional Office of the United States Securities and Exchange Commission. He can be reached at (303) 844-1060 or by email, hoerld@sec.gov.

 

http://www.sec.gov/litigation/suspensions/34-45449.htm


Modified: 02/15/2002