October 1^st, 2007 Decisions and Freeze and cease trade orders Securities

Montréal – In a decision handed down on September 20, 2007, the Bureau de décision et de révision en valeurs mobilières (BDRVM) confirmed the cease trade orders issued on May 16 and June 29, 2006.

The Autorité des marchés financiers (AMF) filed applications for cease trade orders further to the forwarding of shares in United Environmental Energy Corporation by Stevens Demers to shareholders of Enviromondial inc.

In its decision, the BDRVM stated in particular:

“(translation) Overall, the facts and actions clearly demonstrate collusion among the Respondents to sidestep the law and make an illegal distribution in Québec. (…) If Stevens Demers wished to express his gratitude toward persons who invested in Enviromondial and his patent, why did he sell the patent, which was the company’s primary asset, without approval from the board of directors and without consulting shareholders. By selling the patent, Stevens Demers divested investors of an asset, since their shares no longer had any value. You cannot claim to give an asset to someone whom you previously expropriated.”

In its decision, the BDRVM prohibited Stevens Demers from carrying out any transaction in securities. The decision also prohibits any transaction in the securities of United Environmental Energy Corporation.

On March 5, 2007, the AMF filed 162 charges against Stevens Demers, for which a fine of over $1 million and a prison term are being sought. As well, on August 30, 2007, the AMF filed 184 other charges against him, for which a fine of almost $1.4 million and a prison term are being sought. Not to mention that Stevens Demers and Enviromondial inc. have been the subject of a number of court decisions and orders.

The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec’s financial sector.

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Information:

Media only:
Frédéric Alberro (514) 940-2176

Information Centre: (877) 525-0337

Additional news

• December 1^st, 2010 Enviromondial - Nathaly Demers fined $416,000
• July 5, 2010 Enviromondial - Second prison term for Stevens Demers
• January 18, 2010 Enviromondial - Stevens Demers found guilty of 64 new charges
• September 9, 2009 Enviromondial : AMF appealing sentence against Stevens Demers
• August 5, 2009 Enviromondial : Stevens Demers sentenced to
  2 1/2 years in prison and fined over $1 million
• September 29, 2008 Enviromondial Inc. - Stevens Demers guilty on all 346 charges
• September 23, 2008 Enviromondial - Provisional administrator appointed
• May 6, 2008 Enviromondial - AMF launches penal proceedings against Nathaly Demers
• February 27, 2008 Enviromondial Inc. - AMF asking for additional prison term - 64 new charges against Stevens Demers
• October 18, 2007 Enviromondial - Appeal of Stevens Demers dismissed may not act as director or officer
• August 30, 2007 Enviromondial - Further prison term sought against Stevens Demers
• June 21, 2007 Appeal by Stevens Demers dismissed
• March 5, 2007 Enviromondial - AMF files 162 charges against Stevens Demers / Seeking $1.2 million fine and prison term
• December 18, 2006 Freeze against Enviromondial lifted
• September 18, 2006 Renewal of freeze order against Enviromondial
• June 28, 2006 Renewal of freeze order against Enviromondial
• April 10, 2006 Renewal of freeze order against Enviromondial - Partial Lifting for Benefit of Shareholder
• January 11, 2006 Renewal of Freeze Order Against Enviromondial
• October 26, 2005 Freeze order against Enviromondial extended
• July 28, 2005 Freeze order against Enviromondial extended
• May 9, 2005 Freeze order against Enviromondial extended
• February 24, 2005 Court confirms legality of freeze order against Enviromondial
• December 15, 2004 Stevens Demers found guilty
• November 26, 2004 BDRVM Extends Freeze Order Against Enviromondial
• August 31, 2004 Bureau de décision et de révision en valeurs mobilières extends freeze order against Enviromondial
• June 25, 2004 Prohibition from acting as a director sought against Stevens Demers
• May 20, 2004 Stevens Demers pleads guilty to 33 counts
• April 23, 2004 The Autorité des marchés financiers puts an end to a contempt proceeding in the enviromondial file
• March 10, 2004 The Bureau de décision et de révision en valeurs mobilières extends the freeze order against Enviromondial
• March 9, 2004 Special rule ordering six people to appear to answer a contempt of court charge in the Enviromondial matter