[Federal Register Volume 65, Number 221 (Wednesday, November 15, 2000)]
[Notices]
[Pages 69072-69073]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-29114]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application to Withdraw from Listing 
and Registration; (Yellowave Corporation, Common Stock, $.03 Par Value) 
File No. 1-16021

November 7, 2000.
    Yellowave Corporation, which is organized under the laws of Nevada 
(``Company''), has filed an application with the Securities and 
Exchange Commission (``Commission''), pursuant

[[Page 69073]]

to section 12(d) of the Securities Exchange Act of 1934 (``Act'') \1\ 
and Rule 12d2-2(d) thereunder,\2\ to withdraw its Common Stock, $.03 
par value (``Security''), from listing and registration on the American 
Stock Exchange (``Amex'').
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
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    As reported by the Company, the Amex halted trading in the Security 
on August 23, 2000, pending a review of the facts underlying, and the 
litigation arising from, a Share Purchase Agreement dated July 5, 2000, 
between the Company and Newtech Broadwidth Ltd., et al. The Company 
believed it was acquiring under this Share Purchase Agreement a company 
that owned valuable high technology which was supported by established 
licensing agreements. On the basis of this acquisition, the Company 
applied for, and received, a listing for its Security on the Amex.
    The Company subsequently determined, however, that the technology 
and licensing agreements described above did not exist. As mentioned 
above, the Company has entered into litigation with various parties 
for, among other things, their failure to meet certain conditions of 
the Share Purchase Agreement. A description of these proceedings may be 
found in the Company's current Report on Form 8-K filed with the 
Commission on September 26, 2000. Pending the outcome of such 
litigation, and in the light of the Company's diminished eligibility 
for listing on the Amex as a result of the Share Purchase Agreement's 
conditions not having been met, the Company has determined to withdraw 
its Security voluntarily from listing and registration on the Amex and 
to use best efforts to arrange for its quotation in the unlisted over-
the-counter market.
    The Company has stated in its application that it has complied with 
the rules of the Amex governing the withdrawal of its Security and that 
its application relates solely to the withdrawal of the Security from 
listing and registration on the Amex and shall have no effect upon the 
Company's continued obligation to file reports with the Commission 
pursuant to sections 12(g) and 13 of the Act.\3\
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    \3\ 15 U.S.C. 78l(G) and 15 U.S.C. 78M.
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    Any interested person may, on or before November 30, 2000, submit 
by letter to the Secretary of the Securities and Exchange Commission, 
450 Fifth Street, NW., Washington, DC 20549-0609, facts bearing upon 
whether the application has been made in accordance with the rules of 
the Amex and what terms, if any, should be imposed by the Commission 
for the protection of investors. The Commission, based on the 
information submitted to it, will issue an order granting the 
application after the date mentioned above, unless the Commission 
determines to order a hearing on the matter.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\4\
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    \4\ 17 CFR 200.30-3(a)(1).
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Jonathan G. Katz,
Secretary.
[FR Doc. 00-29114 Filed 11-4-00; 8:45 am]
BILLING CODE 8010-01-M