[Federal Register Volume 62, Number 41 (Monday, March 3, 1997)]
[Notices]
[Pages 9469-9470]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-5279]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


Twenty First Century Health, Inc., Order of Suspension of Trading

February 27, 1997.
    On February 10, 1997, the Securities and Exchange Commission 
(``Commission'') issued an Order pursuant to Section 12(k) of the 
Securities Exchange Act of 1934 suspending trading in the securities of 
Twenty First Century Health, Inc. (``TFCH'') for ten days. Since then, 
TFCH has made several public announcements concerning the Commission's 
investigation and business developments at the issuer. It appears to 
the Commission that as a result of those new events and circumstances 
that there are additional and separate questions concerning the 
adequacy of publicly disseminated information concerning TFCH, 
including:
    (1) The accuracy and reliability of certain press releases issued 
by TFCH since the first trading suspension was ordered on February 10, 
including: (a) the business and current customers of Modern Tea Ball 
Services, Inc. and a related business that TFCH announced on February 
14, 1997 it intended to acquire; (b) the effectiveness and 
marketability of a new line of liquid colloidal nutritional supplements 
announced by TFCH on February 13, 1997; (c) the accuracy of TFCH's 
statements concerning its plans to distribute those supplements; (d) 
the existence, status and likelihood of success of plans to complete an 
initial public offering of securities by an affiliated entity that TFCH 
announced it planned to have underwritten by

[[Page 9470]]

Investors Associates, Inc., a New Jersey broker-dealer; and
    (2) The accuracy of TFCH's February 12, 1997 pubic announcement 
that it ``welcomes'' the Commission's inquiry, offers ``full 
cooperation'' and states that company officials would be able to 
provide the Commission with the information it requires within nine 
days, when Joe Davis, who is TFCH's president, Loretta Davis, who was 
its founder and formerly its president, and Barclay Davis, who formerly 
was its secretary and director but who continues to act on behalf of 
TFCH, have all stated through counsel that they refuse to testify in 
the investigation in reliance on their Fifth Amendment privileges 
against self-incrimination.
    The Commission is of the opinion that the public interest and the 
protection of investors require a suspension of trading in the 
securities of the above-listed company.
    Therefore, it is ordered pursuant to Section 12(k) of the 
Securities Exchange Act of 1934, that trading in the above listed 
company is suspended for the period from 9:00 a.m. EST, February 27, 
1997, through 11:59 p.m. EST, March 12, 1997.

    By the Commission.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 97-5279 Filed 2-27-97; 1:41 pm]
BILLING CODE 8010-01-M