UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
December 1, 2004

ADMINISTRATIVE PROCEEDING
File No. 3-11760

I.

The Securities and Exchange Commission (“Commission”) deems it necessary and appropriate for the protection of investors that public administrative proceedings be, and hereby are, instituted pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Exchange Act”).

II.

After an investigation, the Division of Enforcement alleges that:

A. RESPONDENTS

1. American Multiplexer Corp. (“AMUT”) (CIK 1040230) is a North Carolina corporation headquartered in Sunnyvale, California with a class of securities registered with the Commission under Exchange Act Section 12(g). AMUT is delinquent in its periodic filings, having last filed a periodic report for the period ending September 30, 2000. AMUT reported assets of $14,575,000, liabilities of $6,314,000, and a net loss of $9,508,000 for the nine months ended September 30, 2000. AMUT is quoted on the Pink Sheets. For the six months ended August 24, 2004, AMUT had an average daily trading volume of 339,454 shares.

2. DMT Energy, Inc. (f/k/a 1Twoe.Com, Inc.) (“DMTY”) (CIK 798543) is a Nevada corporation headquartered in Calgary, Alberta with a class of securities registered with the Commission under Exchange Act Section 12(g). DMTY is delinquent in its periodic filings, having failed to file any periodic reports since its Form 10-SB became effective on May 21, 2000. DMTY reported assets of $3,024,159, liabilities of $1,207,856, and a net loss of $42,660 for the six months ended November 30, 1999. DMTY is quoted on the Pink Sheets. For the six months ended August 24, 2004, DMTY had an average daily trading volume of 247,854 shares.

3. JTS Corp. (“JTSC”) (CIK 941167) is a Delaware corporation with its last known headquarters in San Jose, California and two classes of securities registered with the Commission under Exchange Act Section 12(g). JTSC is delinquent in its periodic filings, having last filed a periodic report for the period ending November 2, 1997, and it has a forfeited status with the Delaware Secretary of State. JTSC reported assets of $43,922,000, liabilities of $148,679,000, and a net loss of $131,629,000 for the nine months ended November 2, 1997. On April 1, 2002, JTSC filed for bankruptcy under Chapter 11 in the United States Bankruptcy Court for the Northern District of California. The bankruptcy proceeding was later converted to a Chapter 7 proceeding and was still pending as of October 22, 2004. JTSC is quoted on the Pink Sheets, which is still technically active, though a final plan has been submitted. For the six months ended August 24, 2004, JTSC had an average daily trading volume of 38,155 shares.

4. Webvan Group, Inc. (“WBVNQ”) (CIK 1092657) is a Delaware corporation headquartered in Foster City, California with a class of securities registered with the Commission under Exchange Act Section 12(g). WBVNQ is delinquent in its periodic filings, having last filed a periodic report for the period ending March 31, 2001. WBVNQ reported assets of $1,287,463,000, liabilities of $136,009,000, and a net loss of $218,013 for the three months ended March 31, 2001. On July 13, 2001, WBVNQ filed for bankruptcy under Chapter 11 in the United States Bankruptcy Court for the District of Delaware. The bankruptcy proceeding was still pending as of October 22, 2004. WBVNQ is quoted on the Pink Sheets. For the six months ended August 24, 2004, WBVNQ had an average daily trading volume of 126,622 shares.

B. DELINQUENT PERIODIC FILINGS

5. This case concerns four companies with classes of securities registered with the Commission that are delinquent in their periodic reports with the Commission (see Chart of Delinquent Filings, attached hereto as Appendix 1). These registrants have the following things in common. First, they have been delinquent in their periodic filing obligations with the Commission since at least August 14, 2001. Second, they are quoted on the Pink Sheets. Third, they represent some of the highest volume delinquent issuers quoted on the Pink Sheets. Each of these companies had an average daily trading volume of over 100,000 shares during the six months ending April 7, 2004. Fourth, they all are headquartered in or near the Commission’s Pacific Region.

6. Exchange Act Section 13(a) and the rules promulgated thereunder require issuers with classes of securities registered pursuant to Exchange Act Section 12 to file with the Commission current and accurate information in periodic reports, even if the registration is voluntary under Section 12(g). Specifically, Rule 13a-1 requires issuers to file annual reports (Forms 10-K or 10-KSB), and Rule 13a-13 requires issuers to file quarterly reports (Forms 10-Q or 10-QSB).

7. As a result of the foregoing, all of the Respondents failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder.

III.

In view of the allegations made by the Division of Enforcement, the Commission deems it necessary and appropriate for the protection of investors to institute public administrative proceedings to determine:

A. Whether the allegations in Section II are true and, in connection therewith, to afford the Respondents an opportunity to establish any defenses to such allegations; and,

B. Whether it is necessary and appropriate for the protection of investors to suspend for a period not exceeding twelve months, or revoke the registration of each class of securities of the Respondents identified in Section II registered pursuant to Section 12 of the Exchange Act.

IV.

IT IS ORDERED that a public hearing for the purpose of taking evidence on the questions set forth in Section III hereof shall be convened at a time and place to be fixed, and before an Administrative Law Judge to be designated by further order as provided by Rule 110 of the Commission’s Rules of Practice [17 C.F.R. § 201.110].

IT IS FURTHER ORDERED that Respondents shall file Answers to the allegations contained in this Order within ten (10) days after service of this Order, as provided by Rule 220 of the Commission’s Rules of Practice [17 C.F.R. § 201.220].

If Respondents fail to file the directed Answers, or fail to appear at a hearing after being duly notified, the Respondents may be deemed in default and the proceedings may be determined against them upon consideration of this Order, the allegations of which may be deemed to be true as provided by Rules 155(a), 220(f), and 310 of the Commission’s Rules of Practice [17 C.F.R. §§ 201.155(a), 201.220(f), 201.221(f), and 201.310].

This Order shall be served forthwith upon Respondents personally or by certified mail.

IT IS FURTHER ORDERED that the Administrative Law Judge shall issue an initial decision not later than 120 days from the date of service of this Order, pursuant to Rule 360(a)(2) of the Commission’s Rules of Practice [17 C.F.R. § 201.360(a)(2)].

In the absence of an appropriate waiver, no officer or employee of the Commission engaged in the performance of investigative or prosecuting functions in this or any factually related proceeding will be permitted to participate or advise in the decision of this matter, except as witness or counsel in proceedings held pursuant to notice. Since this proceeding is not “rule making” within the meaning of Section 551 of the Administrative Procedure Act, it is not deemed subject to the provisions of Section 553 delaying the effective date of any final Commission action.

By the Commission.

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