CALGARY, June 29 /CNW/ - The Alberta Securities Commission (ASC) has
issued an interim cease trade order against Kustom Design Group Inc., Hightide
Management Inc., Kustom Design Financial Services Inc., and Michael Edward
Lepitre. The Interim Cease Trade Order prohibits all trading in securities of
Kustom Design Group, Hightide Management, and Kustom Design Financial
Services. The Interim Cease Trade Order also prohibits Lepitre, Kustom Design
Group, Hightide Management and Kustom Design Financial Services from trading
in any securities or using any exemptions under Alberta securities laws.
The ASC issued the Interim Cease Trade Order after reviewing evidence
that Kustom Design Group, Hightide Management, and Kustom Design Financial
Services had engaged, and may still be engaged in, trading securities without
complying with the registration and prospectus requirements of Alberta
The Interim Cease Trade Order is in effect until July 13, 2007. A hearing
will be held on July 12, 2007 to determine whether the Interim Cease Trade
Order should be extended.
A copy of the Interim Cease Trade Order and the Notice of Hearing is
available on the ASC website at www.albertasecurities.com.
The ASC is the regulatory agency responsible for administering the
province's securities laws. It is entrusted to foster a fair and efficient
capital market in Alberta and to protect investors. As a member of the
Canadian Securities Administrators, the ASC works to improve, coordinate and
harmonize the regulation of Canada's capital markets.
For further information:
For further information: For Media Inquiries: Tamera Van Brunt,
Director, Communications and Investor Education, (403) 297-2664; For Investor
Inquiries: ASC Public Inquiries, (403) 297-4296, Toll Free 1-877-355-4488