SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
Securities Exchange Act of 1934
Release No. 41932 / September 28, 1999
Accounting and Auditing Enforcement
Release No. 1181 / September 28, 1999
IN THE MATTER OF MODEL IMPERIAL, INC.,
Administrative Proceeding File No. 3-10043
Administrative Proceedings Initiated to Revoke Registration of Model
Imperial Common Stock
The Securities and Exchange Commission announced today that it has instituted
public administrative proceedings, pursuant to Section 12(j) of the Securities
Exchange Act of 1934, to determine whether to revoke the registration with the
Commission of the common stock of Model Imperial, Inc. ("Model
Imperial").
Model Imperial, a Florida corporation headquartered in Boca Raton, is a
wholesale distributor of brand name fragrances and cosmetics to discount
retailers, drugstore and supermarket chains and other mass merchants. Model
Imperial's common stock is registered with the Commission pursuant to Section
12(g) of the Exchange Act and was traded on the National Association of
Securities Dealers Automated Quotation System ("NASDAQ") until April
10, 1996, when it was delisted. On July 18, 1996, Model Imperial filed for
protection under Chapter 11 of the Bankruptcy Code. All of its common stock was
subsequently acquired by a private company. Model Imperial has made no periodic
filings with the Commission subsequent to its filing of a quarterly report on
Form 10-Q for the quarter ending September 30, 1995.
A hearing will be held before an Administrative Law Judge to determine
whether the staff's allegations in the Order Instituting Proceedings are true
and, if so, whether the company's registration should be revoked.
http://www.sec.gov/litigation/admin/34-41932.htm