SEC NEWS DIGEST Issue 2002-118 June 19, 2002 ENFORCEMENT PROCEEDINGS CIVIL ACTION AGAINST MARK GATCH AND HENRY SCHMIDT The Commission announced that on June 11 the Honorable Sandra S. Beckwith of the United States District Court for the Southern District of Ohio issued an order holding Henry Benjamin Schmidt in contempt of Court for failure to make monthly disgorgement payments of $2,333.00, resulting from a disgorgement judgment of $2.9 million. Under the terms of Judge Beckwith's order Schmidt is required to deposit $48,933.00 into the Court's Registry by July 11, 2002, or be immediately incarcerated. Schmidt, age 68, resides in St. Petersburg, Florida. Schmidt co-founded, owned, and operated Ben Mar Investments, Inc. (Ben Mar), an unregistered investment adviser in the Greater Cincinnati area. Ben Mar effectively operated as a Ponzi scheme from 1992 through March 1995, resulting in investor losses in excess of $12 million. Mark Gatch, the co-founder and owner of Ben Mar, of Amelia, Ohio, previously settled the Commission's civil action against him, and was sentenced to a five-year prison term in connection with his operation of Ben Mar. For further information, see Litigation Release No. 15394 (June 25, 1997), Litigation Release No. 15530 (October 7, 1997) and Litigation Release No. 11618 (July 3, 2000). [SEC v. Mark Gatch and Henry Schmidt, Case No. C-1-97-599 (SSB) (S.D. Ohio, W.D.)] (LR-17573) HOLDING COMPANY ACT RELEASES AMERICAN ELECTRIC POWER COMPANY INC., ET AL. A notice has been issued giving interested persons until July 9, 2002, to request a hearing on a proposal by American Electric Power Company Inc. (AEP) and Central and South West Corporation, both registered holding companies located in Columbus, Ohio, and subsidiary companies, American Electric Power Service Corporation (AEPSC), Columbus Southern Power Company, Central Power and Light Company, Ohio Power Company, Southwestern Electric Power Company, and West Texas Utilities Company (Applicants). Applicants seek authority to restructure the AEP system and to carry out transactions associated with that restructuring. The application-declaration requests authority to create and capitalize certain entities, transfer generating and distribution/transmission assets, and restructure nonutility holdings. AEPSC seeks authority to render services to any direct or indirect subsidiary of any Applicant. Also requested is authority for certain companies to enter into operating agreements with respective subsidiaries for the period following receipt of respective state regulatory approvals of relevant portions of the restructuring but prior to actual restructuring. Authority is also requested to establish services entities. Applicants make a number of financing requests associated with the restructuring for a period through June 30, 2005. These include authority to enter into guarantees, engage in hedging transactions, issue securities, make intra-system advances, invest in Exempt Wholesale Generators, and engage in money pool activities. Authority is also requested to pay dividends out of capital or unearned surplus. (Rel. 35- 27540) SECURITIES ACT REGISTRATIONS The following registration statements have been filed with the SEC under the Securities Act of 1933. The reported information appears as follows: Form, Name, Address and Phone Number (if available) of the issuer of the security; Title and the number and/or face amount of the securities being offered; Name of the managing underwriter or depositor (if applicable); File number and date filed; Assigned Branch; and a designation if the statement is a New Issue. Registration statements may be obtained in person or by writing to the Commission's Public Reference Branch at 450 Fifth Street, N.W., Washington, D.C. 20549 or at the following e-mail box address: . In most cases, this information is also available on the Commission's website: . S-8 CNB BANCORP INC /NY/, 10-24 N MAIN ST, P O BOX 873, GLOVERSVILLE, NY, 12078, 5187737911 - 225,000 ($6,959,250.00) Equity, (File 333-90658 - Jun. 18) (BR. 07) SB-2 IBX GROUP INC, 350 NW 12TH AVE, DEERFIELD BEACH, FL, 33442, 9544266056 - 47,545,880 ($7,759,388.00) Equity, (File 333-90660 - Jun. 18) (BR. 05) S-8 COPPER MOUNTAIN NETWORKS INC, 2470 EMBARCADERO WAY, PALO ALTO, CA, 94303, 6506873300 - 2,681,500 ($2,279,275.00) Equity, (File 333-90662 - Jun. 18) (BR. 37) S-8 CASH TECHNOLOGIES INC, 1434 WEST 11TH STREET, LOS ANGELES, CA, 90015, 2137452000 - 0 ($75,000.00) Equity, (File 333-90664 - Jun. 18) (BR. 08) SB-2 DIOMED HOLDINGS INC, 1 DUNDEE PARK, ANDOVER, MA, 01810, 978-475-7771 - 0 ($56,257,830.72) Equity, (File 333-90666 - Jun. 18) (BR. 36) S-8 STUDENT ADVANTAGE INC, 280 SUMMER STREET, BOSTON, MA, 02210, 6179122011 - 0 ($110,000.00) Equity, (File 333-90672 - Jun. 18) (BR. 05) S-8 BIO STANDARD CORP, 301 CLEMATIS STREET, SUITE 3000, WEST PALM BEACH, FL, 33401, 561-651-7336 - 4,000,000 ($440,000.00) Equity, (File 333-90674 - Jun. 18) (BR. 07) S-8 PARADIGM GENETICS INC, 104 ALEXANDER DR, ADMINISTIVE BLDG #6, RESEARCH TRIANGLE PA, NC, 27709, 9195445578 - 1,500,000 ($1,970,373.00) Equity, (File 333-90676 - Jun. 18) (BR. 01) S-8 CONCORD EFS INC, 2525 HORIZON LAKE DR STE 120, MEMPHIS, TN, 38133, 9013718000 - 48,000,000 ($1,462,080,000.00) Equity, (File 333-90678 - Jun. 18) (BR. 03) SB-2 CASH TECHNOLOGIES INC, 1434 WEST 11TH STREET, LOS ANGELES, CA, 90015, 2137452000 - 0 ($28,187,477.00) Equity, (File 333-90680 - Jun. 18) (BR. 08) SB-2 TECHNOLOGY CONSULTING PARTNERS INC, 9282 S FORFIRE LANE, HIGHLANDS RANCH, CO, 80129, 303-683-1535 - 250,000 ($50,000.00) Equity, (File 333-90682 - Jun. 18) (BR. 09) SB-2 K TRONIK INTERNATIONAL CORP, 290 VINCENT AVE, THIRD FL, HACKENSACK, NJ, 07801, 2014884600 - 0 ($8,288,172.00) Equity, (File 333-90684 - Jun. 18) (BR. 09) F-3 KONINKLIJKE PHILIPS ELECTRONICS NV, REMBRANDT TOWER AMSTELPLEIN 1, 1096 HA AMSTERDAM, THE NETHERLANDS, 0113140791 - 0 ($1,800,000,000.00) Non-Convertible Debt, (File 333-90686 - Jun. 18) (BR. 36) SB-2 IBHAS TECHNOLOGIES INC, 1208-1080 W. GEORGIA ST, VANCOUVER, A1, V6E 2Y3, 6046627900 - 1,500,000 ($300,000.00) Equity, (File 333-90688 - Jun. 18) (BR. ) S-4 AMERICA FIRST APARTMENT INVESTORS INC, SUITE 400, 1004 FARNAM STREET, OMAHA, NE, 68102, 4024441630 - 0 ($57,486,211.00) Equity, (File 333-90690 - Jun. 18) (BR. ) S-8 ALPHARX INC, 75 EAST BEAVER CREEK, UNIT 10, RICHMOND HILL ONTARI, 9057620745 - 2,000,000 ($1,400,000.00) Equity, (File 333-90692 - Jun. 18) (BR. 01) S-8 SPSS INC, 233 S WACKER DR, CHICAGO, IL, 60606, 3123292400 - 0 ($15,170,000.00) Equity, (File 333-90694 - Jun. 18) (BR. 03) S-8 CORONADO INDUSTRIES INC, 16929 EAST ENTERPRISE DRIVE, SUITE 202, FOUNTAIN HILLS, AZ, 85268, 6028376810 - 15,000,000 ($225,000.00) Equity, (File 333-90696 - Jun. 18) (BR. 01) S-8 BBJ ENVIRONMENTAL TECHNOLOGIES INC, 6802 CITICORP BLVD SUITE 500, TAMPA, FL, 74137, 9184813339 - 5,000,000 ($1,250,000.00) Equity, (File 333-90700 - Jun. 18) (BR. 02) S-8 DREYERS GRAND ICE CREAM INC, 5929 COLLEGE AVE, OAKLAND, CA, 94618, 5106528187 - 1,696,850 ($67,712,553.01) Equity, (File 333-90702 - Jun. 18) (BR. 04) S-8 RED BUTTE ENERGY INC, 700 IOCO ROAD, ., COQUITLAM, A1, V3H2W8, (604) 461-4946 - 300,000 ($150,000.00) Equity, (File 333-90704 - Jun. 18) (BR. 09) S-8 AFC ENTERPRISES INC, SIX CONCOUSE PARKWAY SUITE 1700, ATLANTA, GA, 30328, 7703919500 - 0 ($22,631,250.00) Equity, (File 333-90706 - Jun. 18) (BR. 05) SB-2 DVD AMERICA CORP, 1,000,000 ($100,000.00) Equity, (File 333-90708 - Jun. 18) (BR. ) S-3 NU SKIN ENTERPRISES INC, 75 WEST CENTER ST, ATTN: MATT DORNY, PROVO, UT, 84601, 801-345-6100 - 0 ($243,006,500.00) Equity, (File 333-90716 - Jun. 18) (BR. 01) S-8 REDOX TECHNOLOGY CORP, 340 N SAM HOUSTON PKWY E, STE 250, HOUSTON, TX, 77060, 7134450020 - 450,000 ($58,500.00) Equity, (File 333-90718 - Jun. 18) (BR. 36) S-8 UNIVERSAL COMMUNICATION SYSTEMS INC, 407 LINCOLN ROAD, SUITE 6K, MIAMI, FL, 33139, 5108396100 - 60,000,000 ($378,000.00) Equity, (File 333-90722 - Jun. 18) (BR. 37) S-8 COMMERCIAL METALS CO, 7800 STEMMONS FRWY, P O BOX 1046, DALLAS, TX, 75221, 2146894300 - 0 ($48,909,375.00) Equity, (File 333-90724 - Jun. 18) (BR. 04) S-8 COMMERCIAL METALS CO, 7800 STEMMONS FRWY, P O BOX 1046, DALLAS, TX, 75221, 2146894300 - 0 ($21,737,500.00) Equity, (File 333-90726 - Jun. 18) (BR. 04) F-3 LION BIOSCIENCE AG, WALDHOFER STRASSE 98, HEIDELBERG GERMANY, I9, D-69123, 1,116,715 ($5,239,420.30) Equity, (File 333-90730 - Jun. 18) (BR. 01) S-8 PARADYNE NETWORKS INC, 8545 126TH AVE N, PO BOX 2826, LARGO, FL, 33773, 7275302000 - 0 ($6,104,453.00) Equity, (File 333-90732 - Jun. 18) (BR. 36) S-8 PRAECIS PHARMACEUTICALS INC, ONE HAMPSHIRE ST, CAMBRIDGE, MA, 02139-1572, 6174948400 - 3,000,000 ($8,835,000.00) Equity, (File 333-90734 - Jun. 18) (BR. 01) SB-2 BIOMODA INC/NM, 8301 WASHINGTON ST. N.E., ALBUQUERQUE, NM, 87113, 5058210875 - 5,000,000 ($15,000,000.00) Equity, (File 333-90738 - Jun. 18) (BR. ) SB-2 NETWORK PRINTING SOLUTIONS INC, 0 ($2,000,000.00) Equity, (File 333-90740 - Jun. 18) (BR. ) S-3 DESIGNS INC, 66 B STREET, NEEDHAM, MA, 02494, 7814447222 - 19,395,500 ($126,361,683.00) Equity, (File 333-90742 - Jun. 18) (BR. 02) S-1 NEW PEOPLES BANKSHARES INC, 2 GENT DR, HONAKER, VA, 24260, 5407782294 - 1,200,000 ($12,000,000.00) Equity, (File 333-90744 - Jun. 18) (BR. 01) RECENT 8K FILINGS Form 8-K is used by companies to file current reports on the following events: Item 1. Changes in Control of Registrant. Item 2. Acquisition or Disposition of Assets. Item 3. Bankruptcy or Receivership. Item 4. Changes in Registrant's Certifying Accountant. Item 5. Other Materially Important Events. Item 6. Resignations of Registrant's Directors. Item 7. Financial Statements and Exhibits. Item 8. Change in Fiscal Year. Item 9. Regulation FD Disclosure. The following companies have filed 8-K reports for the date indicated and/or amendments to 8-K reports previously filed, responding to the item(s) of the form specified. 8-K reports may be obtained in person or by writing to the Commission's Public Reference Branch at 450 Fifth Street, N.W., Washington, D.C. 20549 or at the following e-mail box address: . In most cases, this information is also available on the Commission's website: . STATE 8K ITEM NO. NAME OF ISSUER CODE 1 2 3 4 5 6 7 8 9 DATE COMMENT ------------------------------------------------------------------------------------ ADVANCED BIOTHERAPY INC NV X X 06/18/02 ADVANCED MEDICAL OPTICS INC DE X X 06/13/02 AMERICA FIRST APARTMENT INVESTORS LP DE X 06/30/02 AMERICAN MEDICAL TECHNOLOGIES INC/DE DE X X 06/13/02 AMERICAN TIRE DISTRIBUTORS INC DE X X X 06/12/02 AMYLIN PHARMACEUTICALS INC DE X X 06/17/02 APPALACHIAN BANCSHARES INC GA X 06/10/02 APPALACHIAN POWER CO VA X X 06/13/02 ASPEN TECHNOLOGY INC /DE/ DE X X 06/17/02 AVALONBAY COMMUNITIES INC MD X X 06/18/02 AVISTA CORP WA X X 06/14/02 BIOMARIN PHARMACEUTICAL INC DE X 06/11/02 AMEND BONTEX INC VA X 06/10/02 BOSTON ACOUSTICS INC MA X X 06/18/02 BOSTON BEER CO INC MA X 06/12/02 BOSTON PRIVATE FINANCIAL HOLDINGS INC MA X 06/02/02 BRE PROPERTIES INC /MD/ MD X X 06/13/02 BRIGHAM EXPLORATION CO DE X X 06/12/02 BULLET ENVIRONMENTAL TECHNOLOGIES INC DE X X 05/30/02 C2 INC WI X X 06/17/02 CABOT MICROELECTRONICS CORP DE X X 06/17/02 CASELLA WASTE SYSTEMS INC DE X X 06/13/02 CELL PATHWAYS INC /DE X X 06/14/02 CELLPOINT INC NV X X 06/16/02 CERBCO INC DE X 06/18/02 CHAMPION ENTERPRISES INC MI X X 06/18/02 CHATTEM INC TN X X 06/17/02 CHIEF CONSOLIDATED MINING CO AZ X X 06/12/02 CITICORP MORTGAGE SECURITIES INC DE X X 06/18/02 CITIZENS COMMUNICATIONS CO DE X X 06/18/02 COASTAL CARIBBEAN OILS & MINERALS LTD D0 X 06/17/02 COHESANT TECHNOLOGIES INC DE X X X 06/12/02 COLE NATIONAL CORP /DE/ DE X X 06/13/02 COLE NATIONAL GROUP INC DE X X 06/13/02 COLLEY CORP DE X 06/03/02 COMMERCIAL MORTGAGE PASS-THROUGH CERT MO X X 06/12/02 CONNECTICUT LIGHT & POWER CO CT X 06/17/02 CORNICHE GROUP INC /DE DE X X 06/18/02 COVEST BANCSHARES INC DE X X 06/18/02 CPI CORP DE X 06/13/22 CTC COMMUNICATIONS GROUP INC DE X 06/17/02 CTI GROUP HOLDINGS INC DE X X 06/11/02 DELTAGEN INC DE X X 06/18/02 DEWEY ELECTRONICS CORP NY X 06/17/02 DIGITAL RIVER INC /DE DE X X 06/13/02 DISEASE SCIENCES INC DE X 06/03/02 DISEASE SCIENCES INC DE X X 03/21/02 AMEND DISEASE SCIENCES INC DE X X 05/10/02 AMEND DOBSON COMMUNICATIONS CORP OK X X 06/04/02 DREYERS GRAND ICE CREAM INC DE X 06/16/02 DVI RECEIVABLES CORP DE X 05/31/02 DVI RECEIVABLES CORP VIII DE X 05/31/02 EDIETS COM INC DE X 06/12/02 EFJ INC DE X X 06/14/02 ELECTRO SENSORS INC MN X 05/10/02 ELOCITY NETWORKS CORP DE X X X 06/11/02 EMAGIN CORP NV X X 06/17/02 EMERGENT FINANCIAL GROUP INC DE X X 06/10/02 ENRON CORP/OR/ OR X 06/17/02 ENSCO INTERNATIONAL INC DE X 06/17/02 AMEND FLAG TELECOM HOLDINGS LTD X X 06/13/02 FLEXSTEEL INDUSTRIES INC MN X 06/10/02 FOAMEX INTERNATIONAL INC DE X X 06/18/02 GADZOOX NETWORKS INC DE X X 06/11/02 GLOBALSCAPE INC DE X X X 06/18/02 GREG MANNING AUCTIONS INC NY X X 06/17/02 GRISTEDES FOODS INC DE X 06/18/02 GUILFORD MILLS INC DE X 06/18/02 HAEMONETICS CORP DE X X 05/21/02 HEINZ H J CO PA X X 06/12/02 HEWLETT PACKARD CO DE X X 06/18/02 HPSC INC DE X X 06/18/02 HUFFY CORP OH X X 06/17/02 HUTCHINSON TECHNOLOGY INC MN X X 06/13/02 IMPROVENET INC DE X 06/17/02 INSPIRE PHARMACEUTICALS INC DE X 06/18/02 INTEGRA INC DE X 04/04/02 AMEND INTERMET CORP GA X X 06/11/02 INTEST CORP DE X X 06/17/02 JACKSONVILLE BANCORP INC TX X X 06/18/02 JAMESON INNS INC GA X X 06/18/02 KFX INC DE X X 06/18/02 KFX INC DE X X 06/29/99 AMEND KFX INC DE X X 03/07/00 AMEND KORN FERRY INTERNATIONAL DE X X 06/18/02 LAS VEGAS SANDS INC NV X X 06/04/02 LEHMAN BROTHERS HOLDINGS INC DE X X 05/31/02 LONG BEACH SECURITIES CORP ASSET BACK DE X X 06/04/02 LYNX THERAPEUTICS INC DE X X 06/17/02 MACROPORE INC DE X 06/14/02 METRIS RECEIVABLES INC DE X 05/31/02 METRIS RECEIVABLES INC DE X 05/31/02 METRIS RECEIVABLES INC DE X 06/18/02 METRIS RECEIVABLES INC DE X 06/18/02 METRO-GOLDWYN-MAYER INC DE X X 06/17/02 MEVC DRAPER FISHER JURVESTON FUND I I DE X 06/17/02 MILACRON INC DE X X 06/17/02 MISSISSIPPI VALLEY BANCSHARES INC MO X X 06/17/02 MRV COMMUNICATIONS INC DE X X 06/17/02 NATIONAL GOLF PROPERTIES INC MD X X 06/14/02 NEOTHERAPEUTICS INC DE X X 06/12/02 NEOTHERAPEUTICS INC DE X X 06/17/02 NETSMART TECHNOLOGIES INC DE X X 12/31/01 AMEND NEWMARK HOMES CORP NV X X 06/17/02 NOVAMED INC X X 06/10/02 ONEIDA FINANCIAL CORP DE X X 05/31/02 OSTEOTECH INC DE X 06/18/02 OVERSEAS PARTNERS LTD X X 06/12/02 PANACO INC DE X 06/14/02 PANERA BREAD CO DE X 06/18/02 PC CONNECTION INC DE X 04/05/02 AMEND PEABODYS COFFEE INC/NV NV X X 06/17/02 PEOPLES BANCORP INC OH X 06/17/02 PEOPLES BANK CREDIT CARD MASTER TRUST CT X X 05/31/02 PNC MORT ACCEPT CORP COMMERC MORT PAS MO X X 06/10/02 PNC MORT SEC CORP COM MORT PASS THR C MO X X 06/17/02 PNC MORTGAGE ACCEPTANCE CORP MO X X 06/12/02 PNM RESOURCES NM X X 06/18/02 AMEND POCKETSPEC TECHNOLOGIES INC CO X X 06/17/02 AMEND POINT 360 CA X 06/30/02 POST PROPERTIES INC GA X X 06/13/02 PREMIERWEST BANCORP OR X X 06/17/02 PUMATECH INC DE X X 06/17/02 QWEST COMMUNICATIONS INTERNATIONAL IN DE X X 06/16/02 R&G FINANCIAL CORP PR X X 05/09/02 RAWLINGS SPORTING GOODS CO INC DE X X 06/13/02 RECKSON ASSOCIATES REALTY CORP MD X X 06/11/02 REGENCY GROUP LTD INC NV X 06/16/02 AMEND RURAL ELECTRIC COOPERATIVE GRANTOR TR NY X X 06/17/02 SEACOAST BANKING CORP OF FLORIDA FL X 06/12/02 SEI CORP PA X X 06/14/02 SLC STUDENT LOAN ASSET BACKED NOTES S X 03/27/02 SOLUTIA INC DE X X 06/18/02 SPECTRASITE HOLDINGS INC DE X X 06/17/02 SPORTS RESORTS INTERNATIONAL INC MI X X 06/03/02 STRANDTEK INTERNATIONAL INC / DE X 06/18/02 STRATFORD AMERICAN CORP AZ X X 06/05/02 STRUCTURED ASSET MORTGAGE INVESTMENTS DE X 05/31/02 STRUCTURED ASSET SEC CORP PASS THR CE DE X 05/30/02 STRUCTURED ASSET SECURITIES CORP DE X X 06/18/02 SWIFT ENERGY CO TX X X 06/12/02 TELEMAX GLOBAL COMMUNICATIONS INC WA X X 03/28/02 TESORO PETROLEUM CORP /NEW/ DE X X 06/18/02 THERMOGENESIS CORP DE X X 06/12/02 TRANSFINANCIAL HOLDINGS INC DE X 04/19/02 AMEND UFP TECHNOLOGIES INC DE X X 06/11/02 UNIROYAL TECHNOLOGY CORP DE X 06/08/02 UNIVERSAL HEALTH REALTY INCOME TRUST MD X X 06/18/02 UNIVERSAL HEALTH SERVICES INC DE X X 06/18/02 USURF AMERICA INC NV X 06/06/02 VALERO ENERGY CORP/TX DE X X 06/12/02 VALLEY NATIONAL BANCORP NJ X 06/18/02 VESTCOM INTERNATIONAL INC NJ X 06/14/02 VISUAL NETWORKS INC DE X 06/18/02 WAUSAU MOSINEE PAPER MILLS CORP WI X X 06/18/02 WELLS FARGO ASSET SEC CORP MORT PASS NY X X 01/30/02 WELLS REAL ESTATE INVESTMENT TRUST IN MD X X 06/05/02 XAIBE INC NV X X 06/14/02 XCEL ENERGY INC MN X 06/17/02 XDOGS COM INC CO X X 06/11/02 ZIFF DAVIS MEDIA INC DE X 06/17/02