FOR IMMEDIATE RELEASE                             2002-38

          SEC SUSPENDS TRADING IN NYSE-LISTED ACLN

     Washington, D.C., March 18, 2002 -- The Securities and
Exchange Commission today announced the temporary suspension
of trading of securities of A.C.L.N. Ltd., of Limassol, Cy
prus, and Antwerp, Belgium. The company’s stock has been
trading on the New York Stock Exchange since July 18, 2001.
Options in ACLN’s stock are traded through the Amex system.
The Commission suspended trading in ACLN’s stock because of
concerns about the accuracy of publicly available
information about the company. The suspension will run from
9:30 a.m. EST on March 18, 2002, until 11:59 p.m. EST on
April 1, 2002.
     Among other things, the Commission’s Order cited the
following areas of concern:

     · ACLN’s claims concerning the revenue and income
       obtained from its new car wholesale business, the 
       volume of that business and the source of the cars 
       sold;
     · ACLN’s claim to ownership and its valuation of a
       shipping vessel that documents of title indicate are 
       jointly owned by persons or entities other than ACLN;
     · ACLN’s claims concerning the revenue and income
       obtained from arranging the transportation of used cars,
       including its reported dramatic increase in revenue 
       from this source during 2001;
     · statements in an ACLN press release announcing that
       it had acquired an ownership interest in five companies,
       each of which owns a car carrier vessel;
     · the business relationship and the nature of financial
       transactions between ACLN and Matina Forwarding and 
       Trading, a related entity;
     · the source of funds claimed by ACLN as a corporate
       asset and deposited at the BNP Paribas Bank, Luxembourg; 
       and
     · ACLN’s nondisclosure of the existence of a warrant
       issued by Tunisian authorities for the arrest of 
       Abderrazak Labiadh, ACLN’s president, CEO, and managing 
       director, for allegedly misappropriating funds from a 
       Tunisian company he founded.

     “This action reflects the commitment of the Commission
to police the accuracy and completeness of the information
provided to the investing public, whether by a domestic or
foreign issuer,” said Paul R. Berger, Associate Director of
Enforcement.
     The Commission acknowledges the assistance of the New
York Stock Exchange in this matter.

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Contact:  Paul R. Berger (202) 942-4560 or Richard C. Sauer
(202) 942-4777