ASC Sanctions Calgary Residents and Executive Marketing & Strategies Ltd.



    CALGARY, June 17 /CNW/ - The Alberta Securities Commission (ASC) has
imposed trading bans and administrative penalties on Executive Marketing &
Strategies Ltd. (EMS) and Calgary residents Carol Jean Sayers, Jennifer Dawn
Sayers and Ryan Kristen Sayers for the illegal selling of EMS securities. The
Sayers and EMS raised roughly $10 million from over 300 investors without
complying with Alberta securities laws. Approximately 90% of these investors
were residents of Alberta.
    During an ASC hearing, the Sayers admitted that they solicited
investments in EMS characterized as loan agreements without being registered
to do so and without filing a prospectus with the ASC. The Sayers also
acknowledged that they withheld information reasonably required for an ASC
investigation and that their conduct was contrary to the public interest.

    An ASC panel ordered the following sanctions and costs:

    
    -   EMS - permanent cease-trade and denial of exemptions orders and an
        administrative penalty of $100,000;

    -   Carol Jean Sayers - 10-year cease-trade, denial of exemptions orders
        and director and officer bans, an administrative penalty of $100,000
        and costs of $15,000;

    -   Jennifer Dawn Sayers - 7-year cease-trade, denial of exemptions
        orders and director and officer bans, an administrative penalty of
        $40,000 and costs of $10,000; and

    -   Ryan Kristen Sayers - 15-year cease-trade, denial of exemptions
        orders and director and officer bans, an administrative penalty of
        $250,000 and costs of $30,000.
    

    A copy of this decision can be found 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: Mark Dickey, Senior
Communications Advisor, (403) 297-4481; For Investor Inquiries: ASC Public
Inquiries, Toll Free 1-877-355-4488


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