On Friday, January 27, 2012, Onyx Service & Solutions, Inc. (OTCBB: ONYX) received an “Order of Suspension of Trading” from the Securities and Exchange Commission. The effect of the order was a complete suspension of trading of the Company’s common stock prior to market open on January 27, 2012. The order is in effect until 11:59 pm on February 9 th.
Per the Order, the SEC is concerned about “the accuracy and adequacy of publicly disseminated information concerning, among other things, the company’s business projects and prospects.”
At this time, the Company has no knowledge as to any specific grievance of the SEC, nor has it received any subsequent communication from the SEC. The Company has engaged Whitley LLP Attorneys at Law as counsel in this matter in order to obtain further information regarding the reasons behind the suspension order. Once the Company receives additional information pertaining to the suspension it will be made available on the Company’s website. Once the Company has obtained the reasons for the SEC’s suspension order, the Company may decide to appeal the order so that trading may resume in the Company’s securities.
The order can be found on the SEC website at:http://www.sec.gov/litigation/suspensions.shtml About Onyx Service & Solutions, Inc. (OTCQB: ONYX) Onyx Service & Solutions, Inc. is a for-profit corporation that focuses on alternative energy solutions including large-scale solar construction projects, cutting edge solar technology development, new to market solar product development, worldwide solar product sales and creative financing for alternative energy related projects. For more information on the Company see: http://www.OnyxService.com Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
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