ORDER INSTITUTING ADMINISTRATIVE PROCEEDINGS AND NOTICE OF HEARING
In the Matter of
Enclaves Group, Inc., Energytec, Inc., Entrada Networks, Inc., Epic Financial Corp., Equisure, Inc., and Equus Gaming Co.,
Respondents.
I.
The Securities and Exchange Commission (“Commission”) deems it necessary and appropriate for the protection of investors that public administrative proceedings be, and hereby are, instituted pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Exchange Act”) against Respondents Enclaves Group, Inc., Energytec, Inc., Entrada Networks, Inc., Epic Financial Corp., Equisure, Inc., and Equus Gaming Co.
II.
After an investigation, the Division of Enforcement alleges that:
A. RESPONDENTS
1. Enclaves Group, Inc. (CIK No. 1045260) is a void Delaware corporation located in Carrollton, Texas with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). Enclaves Group is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-QSB for the period ended September 30, 2006, which reported a net loss of over $1 million for the prior nine months. As of November 3, 2010, the company’s stock (symbol “ECGR”) was quoted on the Pink Sheets, had five market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).
2.
Energytec, Inc. (CIK No. 1202963) is a Nevada corporation located in Plano, Texas with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). Energytec is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ended September 30, 2007, which reported a loss of over $5.9 million for the prior nine months. On May 13, 2009, the company filed a Chapter 11 petition in the U.S. Bankruptcy Court for the Northern District of Texas, which was still pending as of September 29, 2010. As of November 3, 2010, the company’s stock (symbol “EYTCQ”) was quoted on the Pink Sheets, had five market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).
3.
Entrada Networks, Inc. (CIK No. 1000695) is a void Delaware corporation located in San Diego, California with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). Entrada Networks is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-QSB for the period ended April 30, 2005, which reported a net loss of $824,000 for the prior three months. On July 20, 2006, the company filed a Chapter 7 petition in the
U.S. Bankruptcy Court for the Southern District of California, which was still pending as of September 29, 2010. As of November 3, 2010, the company’s stock (symbol “ ESAN”) was quoted on the Pink Sheets, had eight market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).
4.
Epic Financial Corp. (CIK No. 1144892) is a revoked Nevada corporation located in Fresno, California with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). Epic Financial is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-QSB for the period ended July 31, 2005, which reported a net loss of $119,825 for the prior nine months. As of November 3, 2010, the company’s stock (symbol “EPFL”) was quoted on the Pink Sheets, had seven market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).
5.
Equisure, Inc. (CIK No. 917246) is an inactive Minnesota corporation located in Herts, England with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). Equisure is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-QSB for the period ended September 30, 1997. Equisure is also in violation of an October 6, 1999 permanent injunction entered by the District Court for the District of Columbia that enjoined it from future violations of Section 13(a) and Exchange Act Rules 13a-1 and 13a-13 thereunder. As of November 3, 2010, the company’s stock (symbol “EQEU”) was quoted on the Pink Sheets, had three market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).
6.
Equus Gaming Company L.P. (CIK No. 928423) is a cancelled Virginia corporation located in Canovanas, Puerto Rico with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). Equus Gaming is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-K for the period ended December 31, 2002, which reported a net loss of
over $16 million for the prior year. As of November 3, 2010, the company’s stock (symbol “EQUUS”) was quoted on the Pink Sheets, had five market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).
[…]
IT IS HEREBY FURTHER ORDERED that Respondents shall file an Answer to the allegations contained in this Order within ten (10) days after service of this Order, as provided by Rule 220(b) of the Commission’s Rules of Practice [17 C.F.R. § 201.220(b)].
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