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 SYSTEMATECH SOLUTIONS INC.,
APRIL VUONG AND HAO QUACH

NOTICE OF HEARING
(Sections 127 and 127(1))



    WHEREAS on December 15, 2011, the Ontario Securities Commission (the “Commission”) issued a temporary order pursuant to subsections 127(1) and 127(5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) that Systematech Solutions Inc. (“Systematech”), April Vuong (“Vuong”) and Hao Quach (“Quach”) (collectively the “Respondents”) cease all trading in securities and that all trading cease in the securities of Systematech (“the “Temporary Order”);

    TAKE NOTICE THAT the Commission will hold a Hearing (the “Hearing”) pursuant to subsections 127(7) and (8) of the Act at the offices of the Commission at 20 Queen Street West, 17th Floor Hearing Room on December 11, 2012 at 9:00 a.m. or as soon thereafter as the Hearing can be held to consider whether, in the opinion of the Commission, it is in the public interest for the Commission:

  1. to extend the Temporary Order, pursuant to subsections 127(7) and (8) of the Act, until the conclusion of the Hearing or until such further time as is ordered by the Commission;
  2. pursuant to sections 127 and 127.1 of the Act to order that:
    1. trading in any securities by the Respondents cease permanently or for such period as is specified by the Commission;
    2. the acquisition of any securities by the Respondents is prohibited permanently or for such period as is specified by the Commission;
    3. any exemptions contained in Ontario securities law do not apply to the Respondents permanently or for such period as is specified by the Commission;
    4. the Respondents disgorge to the Commission any amounts obtained as a result of non-compliance by that Respondent with Ontario securities law;
    5. the Respondents be reprimanded;
    6. the individual Respondents resign one or more positions that they hold as a director or officer of any issuer, registrant or investment fund manager;
    7. the individual Respondents be prohibited from becoming or acting as a director or officer of any issuer, registrant and investment fund manager;
    8. the individual Respondents be prohibited from becoming or acting as a registrant, as an investment fund manager and as a promoter;
    9. the Respondents each pay an administrative penalty of not more than $1 million for each failure by that Respondents to comply with Ontario securities law; and
    10. the Respondents be ordered to pay the costs of the Commission investigation and the hearing; and
  3. whether to make such further orders as the Commission considers appropriate.

    BY REASON OF the allegations as set out in the Statement of Allegations of Staff of the Commission dated October 31, 2012 and such further additional allegations as counsel may advise and the Commission may permit;

    AND TAKE FURTHER NOTICE that any party to the proceeding may be represented by counsel at the Hearing;

    AND TAKE FURTHER NOTICE that upon failure of any party to attend at the time and place aforesaid, the Hearing may proceed in the absence of that party and such party is not entitled to any further notice of the proceedings.

    DATED at Toronto this 31st day of October, 2012

 

" John Stevenson "
John Stevenson
                    Secretary to the Commission

 

 

To:          Systematech Solutions Inc. and April Vuong
               c/o Jay Naster, counsel for Systematech Solutions Inc. and April Vuong
               Rosen Naster LLP
               Suite 504, 330 University Avenue
               Toronto, ON M5G 1R7

And to:   Hao Quach