[Federal Register Volume 67, Number 240 (Friday, December 13, 2002)]
[Notices]
[Page 76770]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-31400]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application To Withdraw From Listing 
and Registration on the Pacific Exchange, Inc. (Telesoft Corp., Common 
Stock, No Par Value) File No. 1-13830

December 6, 2002.
    Telesolf Corp., an Arizona corporation, (``Issuer''), has filed an 
application with the Securities and Exchange Commission 
(``Commission''), pursuant 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, no par value (``Security''), from listing and 
registration on the Pacific Exchange, Inc. (``PCX'' or ``Exchange'').
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
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    The Board of Directors (``Board'') of the Issuer approved a 
resolution on November 4, 2002, to withdraw its Security from listing 
on the Exchange. In making the decision to withdraw its Security from 
the PCX, the Board considered the following: (i) The number of 
stockholders of record (54 holders of record as of October 14, 2002), 
(ii) the limited trading volume in the Security; and (iii) the cost 
associated with maintaining a listing on the Exchange. The Issuer's 
Security has traded on the OTC Bulletin Board since October 24, 2002.
    The Issuer stated in its application that it has met the 
requirements of PCX rule 5.4(b) by complying with all applicable laws 
in effect in the State of Arizona, in which it is incorporated, and 
with the PCX's rules that govern the removal of securities from listing 
and registration on the Exchange. The Issuer's application relates 
solely to the withdrawal of the Security from listing on the PCX and 
shall not affect its obligation to be registered under section 12(g) of 
the Act.\3\
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    \3\ 15 U.S.C. 78l(g).
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    Any interested person may, on or before December 30, 2002, 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 PCX 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. 02-31400 Filed 12-12-02; 8:45 am]
BILLING CODE 8010-01-M