ASC Settles With Concrete Equities Executive Club Inc.



    CALGARY, Dec. 23 /CNW/ - The Alberta Securities Commission (ASC) has
concluded a settlement with Concrete Equities Executive Club Inc. regarding
allegations that it breached Alberta securities laws. As of June 2, 2008,
Concrete Equities Executive Club promoted and sold Class B shares to 18
Alberta investors, raising $1,620,000. Concrete Equities Executive Club
admitted it breached Alberta securities laws when it engaged in an illegal
distribution by distributing its Class B shares to 13 of these investors
without a prospectus and without being registered to trade in them.
    Concrete Equities Executive Club paid $80,000 to settle the allegations
and $2,000 toward investigation costs. In addition, Concrete Equities
Executive Club has offered to recind and refund all investors who purchased
its Class B shares and has undertaken to refund the investments of the 13
unqualified Alberta investors.
    A copy of the Settlement Agreement is posted 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 & Investor Education, (403) 297-2664; For Investor
Inquiries: ASC Public Inquiries, Toll Free 1-877-355-4488


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