R.S.O. 1990, c. S.5, AS AMENDED (the "Act")
IN THE MATTER OF
ADRIAN BEALE, DOMINIQUE BOITER, MICHAEL BUSUTTIL, PETER S. CROMBIE, PAUL CURLEY, TOM DE FAYE, ALAN GANE, LARRY HALEY, PHIL HEMBRUFF, RAYMOND V. HESSION, ROLAND HORST, TONY JOHNSTON, BOB LO, TERENCE J. McCONNELL, GARY M. MUNSINGER, SCOTT NELSON, ANDY A. RYBAK, JAY SARKAR, THEODORE M. WELP, AND RESEARCH CORPORATION TECHNOLOGIES, INC.
WHEREAS it appears to the Ontario Securities Commission ("the Commission") that:
1. IDS Intelligent Detection Systems Inc. ("IDS") is incorporated under the laws of Canada and is a reporting issuer in the Province of Ontario.
2. Each of Adrian Beale, Dominique Boiter, Michael Busuttil, Peter S. Crombie, Paul Curley, Tom De Faye, Alan Gane, Larry Haley, Phil Hembruff, Raymond V. Hession, Roland Horst, Tony Johnston, Bob Lo, Terence J. McConnell, Gary M. Munsinger, Scott Nelson, Andy A. Rybak, Jay Sarkar, Theodore M. Welp, and Research Corporation Technologies, Inc. (individually, a "Respondent" and collectively, the "Respondents") is, or was during the six-month period ended June 30, 2000, a director, officer or significant shareholder (beneficial ownership of 10% or more of the voting rights of IDS or individual that has, or may have, access to material undisclosed information of IDS).
3. IDS failed to file interim financial statements for the six-month period ended June 30, 2000 (the "Interim Financial Statements") on or before August 29, 2000, contrary to subsection 78(1) of the Securities Act (Ontario).
4. As of the date of this order, IDS has not filed its Interim Financial Statements.
5. By virtue of his/her/its relationship, each Respondent has, or may have access to, information regarding the affairs of IDS that has not been generally disclosed.
AND WHEREAS the Commission is of the opinion that is in the public interest to make this order;
AND WHEREAS the Commission is of the opinion that the length of time required to conclude a hearing could be prejudicial to the public interest;
IT IS ORDERED pursuant to paragraph 2 of subsection 127(1) and subsection 127(5) of the Act that:
A. all trading, whether direct or indirect, by the Respondents in the securities of IDS shall cease until two full business days following the receipt by the Commission of all filings IDS is required to make pursuant to Ontario securities law; and
B. this order shall take effect immediately and shall expire on the fifteenth day after its making unless extended by the Commission.
September 12th, 2000.