U.S. SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
RELEASE NO. 34-51180 / February 10, 2005
U.S. SECURITIES AND EXCHANGE COMMISSION SUSPENDS TRADING IN GREENTECH USA, INC., INFORMATION ARCHITECTS CORPORATION AND TEKRON, INC. FOR FRAUDULENT FILINGS
The United States Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (“Exchange Act”), of trading of the securities of Greentech USA, Inc. (“Greentech”) (stock symbol GTEI), Information Architects Corporation (“IA”) (stock symbol IACH) and Tekron, Inc. (“Tekron”) (stock symbol TKRN), commencing at 9:30 a.m. EST on February 10, 2005 through 11:59 p.m. EST, on February 24, 2005.
The Commission temporarily suspended trading in Greentech’s, IA’s and Tekron’s securities because of questions regarding (i) the authenticity of the Report of Independent Certified Public Accountants included in the most recent Forms 10-KSB filed with the Commission by Greentech, IA and Tekron, including whether the audit report accompanying the financial statements was prepared and issued by the auditors identified; and (ii) the accuracy of statements made by Greentech and IA in amended Forms 10-KSB/A for the year ended December 31, 2003, filed with the Commission on October 15, 2004, including the statement by Greentech and IA that a second review of their financial statements is being performed by the companies’ auditors.
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 Greentech, IA and Tekron.
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, DC. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to Greentech’s, IA’s and Tekron’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 that may relate to this matter, they should communicate it immediately to Jeffrey A. Cohen, Assistant District Administrator of the Fort Worth District Office of the Securities and Exchange Commission, at (817) 978-6480.