Proceedings

PDF Version

PDF Version



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

ORDER
(Subsections 127(1), (7) & (8) of the Act)



    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:

  1. pursuant to clause 2 of subsection 127(1) of the Act that all trading in securities by the Respondents shall cease; and
  2. 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 adjourned the hearing to consider the extension of the Temporary Order to January 30, 2012;

    AND WHEREAS on January 30, 2012, the Commission extended the Temporary Order to March 8, 2012, on consent of all the parties, and adjourned the hearing to consider the extension of the Temporary Order to March 7, 2012;

    AND WHEREAS on March 8, 2012, the Commission extended the Temporary Order to June 8, 2012, on consent of all the parties and adjourned the hearing to consider the extension of the Temporary Order to June 7, 2012;

    AND WHEREAS on June 7, 2012, Staff of the Commission (“Staff”) appeared before the Commission and made submissions;

    AND WHEREAS counsel for Vuong and Systematech sent correspondence advising that his clients consented to the extension of the Temporary Order and advising that he was informed that Quach also consented to the extension of the Temporary Order;

    AND WHEREAS on June 7, 2012, the Commission extended the Temporary Order to September 12, 2012 on consent of all the parties and adjourned the hearing to consider the extension of the Temporary Order to September 11, 2012;

    AND WHEREAS on September 11, 2012, Staff appeared before the Commission, advised that Staff’s investigation was complete and requested an extension of the Temporary Order to December 12, 2012;

    AND WHEREAS Staff informed the Commission that Quach and counsel for Vuong and Systematech sent correspondence to Staff advising that: (i) Quach and counsel were not appearing before the Commission on September 11, 2012; and (ii) the Respondents consent to the Temporary Order being extended to December 12, 2012;

    AND WHEREAS the Commission is of the opinion that it is in the public interest to extend the Temporary Order;

    IT IS ORDERED that the Temporary Order is extended until December 12, 2012;

    IT IS FURTHER ORDERED that the hearing to consider the extension of the Temporary Order is adjourned until December 11, 2012 at 9:00 a.m. 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 11th day of September, 2012.

 

" Edward P. Kerwin "
Edward P. Kerwin