SECURITIES AND EXCHANGE COMMISSION
Securities Exchange Act of 1934
Enterprises Solutions, Inc.
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 trading of the securities of Enterprises Solutions, Inc. (stock symbol EPSO.OB), of Canton, Massachusetts, at 9:30 a.m. on March 30, 2000 and terminating at 11:59 p.m. on April 12, 2000.
The Commission temporarily suspended trading in the securities of Enterprises Solutions, Inc. because of questions concerning the accuracy and completeness of assertions made by Enterprises Solutions, Inc. in its filings with the Commission, in its recent press releases, and on its Internet website, including questions about the identity of persons in control of the operations and management of the company.
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 Enterprises Solutions, Inc. 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 that is in violation of the rule, the Commission will consider the need for prompt enforcement action.
Any broker-dealer or other person with information relating to this matter is invited to call Leo J. Kane, Senior Counsel, in the Washington, D.C. office of the Securities and Exchange Commission, at (202) 942-4766.