SECURITIES EXCHANGE ACT OF 1934
RELEASE NO. 54772 / November 17, 2006
The Securities and Exchange Commission today announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of Digital Gas, Inc. (“Digital”) (stock symbol DIGG), at 9:30 a.m. EST on November 17, 2006, and terminating at 11:59 p.m. EST on December 4, 2006.
The Commission temporarily suspended trading in the securities of Digital because of questions raised regarding the accuracy and adequacy of publicly disseminated information concerning, among other things, Digital’s announced agreement with Techno Rubber, Inc. and Digital’s assets.
The Commission cautions brokers, 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 Digital.
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 in the Division of Market Regulation, Office of Interpretation and Guidance, at (202) 551-5760. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to Digital’s securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. 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 which may relate to this matter, they are invited to call Gerald A. Gross, Assistant Regional Director, in the Northeast Regional Office of the Securities and Exchange Commission at (212) 336-0085 or by e-mail at [email protected]