SECURITIES EXCHANGE ACT OF 1934
RELEASE NO. 52787 / November 21, 2005
The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading of the securities of Allixon International Corp. (“AXCP”), a Delaware corporation based in Seoul, South Korea, at 9:30 a.m. EST on November 17, 2005, and terminating at 11:59 p.m. EST on December 1, 2005.
The Commission temporarily suspended trading in the securities of AXCP because of questions that have been raised that AXCP and/or certain of its shareholders may have unjustifiably relied on Rule 504 of Regulation D and/or provisions of Regulation S of the Securities Act of 1933 (“Securities Act”) in conducting an unlawful distribution of AXCP securities that failed to comply with the resale restrictions of Rule 144 and/or Regulation S of the Securities Act. AXCP, a company that has made no public filings with the Commission or the NASD, is quoted on the Pink Sheets, under the symbol AXCP, and has been the subject of spam e-mail touting the company’s shares.
The Commission cautions broker dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff of the Securities and Exchange Commission in Washington, D.C. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to AXCP’s securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. For questions related to the operation of Rule 15c2-11, please contact the Division of Market Regulation, Office of Interpretation and Guidance, at 202-551-5760. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker dealer or other person has any information that may relate to this matter, they should immediately contact Stephen Webster (websters@sec.gov) or Robert C. Hannan (hannanr@sec.gov), at the Fort Worth Office of the Securities and Exchange Commission, at 817-978-3821.
