ASC Extends Cease Trade Order Against University Lab Technologies Inc.

    CALGARY, June 22 /CNW/ - The Alberta Securities Commission (ASC) has
extended an Interim Cease Trade Order against University Lab Technologies Inc.
(ULTI), George Theodore, Dr. Jarret Morrow, Kenneth Dunn, Maria Anselmo-Preede
and Bill D. Ross (individual Respondents). The Interim Order will remain in
effect until a hearing is concluded and a decision rendered and prohibits all
trading in securities of ULTI. The Interim Order also prohibits ULTI and all
the individual Respondents from trading in any securities or relying on any
    The ASC panel issued the Interim Order after reviewing ASC staff
presented evidence that ULTI and the individual Respondents had engaged in and
may still be engaged in illegal trading of securities of ULTI and the making
of prohibited representations to Alberta investors.
    The ASC encourages anyone with concerns regarding trading of securities
of ULTI to report or forward this information to the ASC immediately by
calling its Public Inquiries office at 1-877-355-4488.
    A copy of the Interim Cease Trade Order is available on the ASC website

    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

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