Proceedings

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IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c.S.5, AS AMENDED

– and –

IN THE MATTER OF
AiT ADVANCED INFORMATION TECHNOLOGIES CORPORATION
BERNARD JUDE ASHE and
DEBORAH WEINSTEIN

ORDER
(Sections 127 and 127.1)


        WHEREAS on February 12, 2007, the Commission issued a Notice of Hearing (the “Notice of Hearing”) pursuant to sections 127 and 127.1 of the Securities Act, R.S.O. 1990, c.S.5, as amended (the “Act”) in respect of AiT Advanced Information Technologies Corporation (the “Respondent”);

        AND WHEREAS the Respondent entered into a settlement agreement dated February 19, 2007 (the “Settlement Agreement”), in which the Respondent agreed to a proposed settlement of the proceeding commenced by a Notice of Hearing, subject to the approval of the Commission;

        AND UPON reviewing the Settlement Agreement and upon hearing submissions from the counsel for the Respondent and from Staff of the Commission;

        AND WHEREAS the Commission is of the opinion that it is in the public interest to make this Order;

        IT IS HEREBY ORDERED THAT:
  1. the Settlement Agreement dated February 19, 2007, attached to this Order as Schedule “1”, is hereby approved;
  2. that the Commission make an order pursuant to section 127.1 of the Act that the Respondent pay costs to the Commission in the amount of $60,000.00; and
  3. AiT agrees to make a payment to the Commission of $40,000, to be made by certified cheque, to be allocated by the Commission for allocation to or for the benefit of third parties in accordance with section 3.4(2) of the Act.

DATED at Toronto this 26th day of February, 2007.

"Wendell S. Wigle"
Wendell S. Wigle
"David L. Knight"
David L. Knight