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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,
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To: SEC-ond-chance who wrote (88744)12/15/2004 3:58:05 PM
From: StockDung  Read Replies (1) of 122087
 
SEC suspends trades of two companies Halts Aimsi, Absolute Health shares until Dec. 29
By Robert Schroeder, CBS MarketWatch
Last Update: 10:46 AM ET Dec. 15, 2004


WASHINGTON (CBS.MW) -- U.S. securities regulators on Wednesday temporarily suspended trading of two companies' stocks after the agency raised questions about their financial reporting.

Trading in shares of Aimsi Technologies Inc. (AIMT) and Absolute Health & Fitness Inc. (AHFI) will be suspended through 11:59 p.m. EST on Dec. 29, the Securities and Exchange Commission said.

The commission said there is a lack of accurate and current information about Aimsi's securities due to questions about the company's contract with a Chinese firm. Oak Ridge, Tenn., Aimsi has a contract with China Global Distribution Corp. to distribute Aimsi's automatic large area remote mapper device.

Regulators are temporarily suspending trading of Absolute Health's securities over concerns about the accuracy of information regarding the company's corporate status and its ownership of certain health and fitness facilities. Absolute Health is based in Carson City, Nevada.

The agency made the announcements shortly after the market opened Wednesday.
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