UNITED STATES OF AMERICA
SECURITIES AND EXCHANGE COMMISSION
Securities Exchange Act of 1934
Release No. 51193 / February 11, 2005
Admin. Proc. File No. 3-11821
In the Matter of Greentech USA, Inc.
Admin. Proc. File No. 3-11822
In the Matter of Information Architects Corporation
Admin. Proc. File No. 3-11823
In the Matter of Tekron, Inc.
PROCEEDINGS INSTITUTED AGAINST GREENTECH USA, INC., INFORMATION ARCHITECTS CORPORATION AND TEKRON, INC. FOR FRAUDULENT FILINGS
The United States Securities and Exchange Commission ("Commission") instituted separate administrative proceedings pursuant to Section 12(j) of the Securities Exchange Act of 1934 ("Exchange Act") against three issuers to determine whether it is necessary and appropriate for the protection of investors to suspend or revoke the registration of their securities. The proceedings are against the following issuers:
- Greentech USA, Inc. of Fort Lauderdale, Florida
- Information Architects Corporation of Fort Lauderdale, Florida
- Tekron, Inc. of Arva, Ontario.
In each Order Instituting Proceedings ("Order"), the Division of Enforcement alleges that the issuer failed to comply with Section 17(a) of the Securities Act of 1933 and Sections 10(b) and 13(a) of the Exchange Act and Rules 10b-5, 12b-20, 13a-1 and 13a-13 thereunder, by filing an annual report containing an auditors' report not prepared or issued by the auditor identified and by filing quarterly reports containing balance sheets comparing the current quarters with the year-end balance sheet and designating the year-end period as "audited," when, in fact, it was not.
In each of these proceedings, a hearing will be scheduled before an administrative law judge to determine whether the allegations contained in the Order are true, to provide the respondent an opportunity to dispute the allegations, and to determine whether it is necessary and appropriate for the protection of investors to suspend or revoke the registration of the respondent's securities.
Each Order requires the Administrative Law Judge to issue an initial decision no later than 120 days from the date of service of the Order, pursuant to Rule 360(a)(2) of the Commission's Rules of Practice.
See also the Order in this matter (Greentech USA, Inc.)
See also the Order in this matter (Information Architects Corporation)
See also the Order in this matter (Tekron, Inc.)