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Microcap & Penny Stocks : AREE - Formerly TVSI -- Ignore unavailable to you. Want to Upgrade?

To: s martin who wrote (633)	2/13/1998 12:06:00 AM
From: Ellen	Respond to of 6528

sec.gov ITEM 3. LEGAL PROCEEDINGS The SEC notified the Company of an investigation in 1994. In November 1996, the SEC filed an administrative action against the Company (SEC Case No. 3-9186), charging primarily that the Company (1) issued misleading press releases in March 1994 concerning a proposed agreement between Disney and Consumer Products; (2) overstated the value of engineering drawings in financial statements contained in periodic SEC reports; and (3) failed to file periodic reports since the quarter ended June 30, 1995. The SEC and the Company settled all charges against the Company, without payment of any money by the Company, by a consent decree, entered April 1, 1997, whereby the Company neither admitted nor denied the charges and agreed to the entry of a "cease and desist" order that it not violate federal securities laws in the future.