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To: mmmary who wrote (2493)2/15/2002 11:43:17 AM
From: StockDung  Respond to of 12465
 
re:spadeboy->Eagle Building Share Trading Suspended by SEC Until March 1
By Miles Weiss

Washington, Feb. 15 (Bloomberg) -- The Securities and Exchange Commission suspended trading in the securities of Eagle Building Technologies Inc. for two weeks.

The agency ordered the suspension after questioning the accuracy and adequacy of information disseminated on Eagle Building, according to an SEC release.

The questions pertain in part to the company's foreign operations and its marketing of security measures after the terrorist attacks last September. These security measures include an airport baggage security system, mail sterilization technology, and money laundering detection software, the SEC release said.

Eagle Building, a Boca Raton, Florida, manufacturer of concrete blocks and doors for construction projects, yesterday announced that it would ask the SEC to suspend trading in company shares. The company also said it will restate earnings for at least the past two years.

Company shares fell $3.07 yesterday to $1.44 each. Eagle Building shares traded as high as $12.40 each last month.

The SEC trading suspension began today at 9:30 a.m. Washington time and will end at 11:59 p.m. on March 1, the SEC release said.