IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5 AS AMENDED
- AND -
SYSTEMATECH SOLUTIONS INC., APRIL VUONG AND HAO QUACH
(Subsections 127(1) & 127(5))
WHEREAS on December 15, 2011, the Ontario Securities Commission (the “Commission”) issued a temporary cease trade order (the “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”) with respect to Systematech Solutions Inc. (“Systematech”), April Vuong (“Vuong”), and Hao Quach (“Quach”) (collectively the “Respondents”), ordering that:
- pursuant to clause 2 of subsection 127(1) of the Act that all trading in securities by the Respondents shall cease; and,
- pursuant to clause 2 of subsection 127(1) of the Act that all trading in securities of Systematech shall cease;
AND WHEREAS on December 22, 2011, the Commission extended the Temporary Order to January 31, 2012 and the hearing to consider the extension of the Temporary Order to January 30, 2012;
AND WHEREAS on January 30, 2012, Staff and counsel to the Respondents appeared before the Commission and counsel to the Respondents advised the Commission that the Respondents consent to the extension of the Temporary Order until March 8, 2012;
AND WHEREAS the investigation by Staff of the Commission (“Staff”) into alleged violations of the Act by the Respondents is ongoing;
AND WHEREAS the Commission is of the opinion that it is in the public interest to extend the Temporary Order;
IT IS HEREBY ORDERED that the Temporary Order is extended until March 8, 2012;
IT IS FURTHER ORDERED that the hearing to consider the extension of the Temporary Order is adjourned to March 7, 2012 at 10:00 am or to such other date or time as set by the Office of the Secretary and agreed to by the parties.
DATED at Toronto this 30th day of January, 2012.
James E.A. Turner