The Alberta Securities Commission has ordered 786387 Alberta Ltd. (carrying on business as LED Innovations.com) and Charles Mass of Medicine Hat, Alta., 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 www.albertasecurities.com.