| THE SECURITIES ACT | ) |
Order No. 3354 |
) |
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| Section 148 | ) |
June 1, 2001 |
SACO SMARTVISION INC.
WHEREAS:
(A) Saco Smartvision Inc. (the "Issuer") is subject to the requirements of Part XII of The Securities Act (the "Act");
(B) The Issuer has a financial year end of November 30th;
(C) The Issuer has failed to file with The Manitoba Securities Commission (the "Commission") a copy of its Annual financial statements (the "Financial Statements") for the year ended November 30, 2000 as required by section 120(1)[annual] of the Act;
(D) On the basis of the foregoing, I am of the opinion that it is in the public interest that trading in the securities of the Issuer should cease forthwith for a period of fifteen days and I am further of the opinion that the holding of a hearing would cause a delay which would be prejudicial to the public interest.
I HEREBY ORDER pursuant to a delegation to me by the Commission under subsection 4(1) of the Act of the powers in that behalf:
1. THAT, pursuant to section 148(1) of the Act, trading in the securities of the Issuer shall cease forthwith for a period of fifteen days from June 1, 2001 to June 14, 2001, both dates inclusive, or until such earlier date as:
(a) the Issuer files a copy of the Financial Statements and pays all outstanding filing fees to the Commission; and
(b) the Issuer submits a written request to the Commission to have this order revoked.
DIRECTOR