The Alberta Securities Commission (ASC) has issued trading bans against Ontario-based Momentas Corp., its de facto officers and directors Howard Rash and Alexander Funt, its CEO and director Malcolm Rogers and its president, CFO and director Suzanne Morrison.

An ASC panel decision reciprocates orders issued by the Ontario Securities Commission against the same parties on April 4, 2006 and July 23, 2007.

The ASC orders:

> permanently ban Momentas Corporation from trading in securities and using securities law exemptions;

> permanently ban Rash and Funt from trading in securities, using securities law exemptions and acting as directors of any issuer;

> ban Morrison from trading in securities, using securities law exemptions and acting as a director or officer of any issuer for 10 years from April 4, 2006; and

> ban Rogers from acting as a director or officer of any issuer for three years from April 4, 2006.

The ASC panel noted that Momentas, Rash, Funt, Morrison and Rogers had been active in the capital markets of several Canadian jurisdictions, including Alberta, and ruled that “we are persuaded that Alberta investors and the Alberta capital market would be at risk of harm by the Respondents were we not to make reciprocal orders against them.”

IE