ASC Orders LED Innovations.Com and Charles Mass to Pay $21,000 for Illegal Distribution

    CALGARY, June 19 /CNW/ - The Alberta Securities Commission (ASC) has
ordered 786387 Alberta Ltd. (carrying on business as LED and
Charles Mass of Medicine Hat to pay $15,000 in administrative penalties and
$6,000 in costs for breaching Alberta securities laws. Based on a joint
submission by ASC Staff and the respondents, an ASC panel concluded that
during 2004 and 2005, LED Innovations and Mass raised approximately $700,000
from 113 Alberta investors through the illegal promotion and sale of LED
Innovation securities.
    The panel also ordered LED Innovations to cease trading in securities
until a prospectus is filed with the ASC. Furthermore, for a period of five
years, the panel ordered Mass to cease trading in or purchasing securities
(with limited exceptions). The panel also ordered him not to act as a director
or officer of any reporting issuer and denied him the use of any exemptions
under Alberta securities laws for five years.
    A copy of the decision in its entirety is posted 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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