ASC Permanently Bans Florida Based University Lab Technologies Inc.

    CALGARY, Feb. 12 /CNW/ - The Alberta Securities Commission (ASC) has
permanently banned University Lab Technologies Inc., University Health
Industries Inc., and George Theodoropoulos (a.k.a. George Theodore) from the
Alberta capital market. The ASC panel order prohibits them from trading in or
purchasing securities and from relying on any exemptions under Alberta
securities laws.
    Evidence presented to the ASC panel showed that 15 Alberta residents
invested approximately $250,000 in University Lab Technologies through
Theodore and others.
    The ASC panel decision is based on an October 9, 2007 New Brunswick
Securities Commission (NBSC) order that permanently banned University Lab
Technologies, University Health Industries, and Theodore from trading in
securities or relying on any exemptions under New Brunswick securities laws.
The NBSC order found that University Lab Technologies and Theodore sold
securities to investors without registration and made prohibited
    A copy of this decision can be found 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: Mark Dickey, Senior
Communications Advisor, (403) 297-4481,; For Investor
Inquiries: ASC Public Inquiries, Toll Free 1-877-355-4488

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