ASC Halts Trading in ULTI Securities

    CALGARY, June 11 /CNW/ - The Alberta Securities Commission (ASC) has
issued 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) that prohibits all trading in
securities of ULTI. The order also prohibits ULTI and the individual
Respondents from trading in any securities or relying on any exemptions. The
order is in effect until June 22, 2007, when a hearing will be held to
determine whether the order should be extended.
    The ASC panel issued the interim cease trade order after reviewing
evidence that ULTI and the individual Respondents had engaged, 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 Notice of Hearing outlining the allegations is available on
the ASC website at

    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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