Dear Moderator.;

Here is information about University Lab Technologies & George Theodore you have asked for. Most of this information is found on the net, and can be viewed by anyone. Other information was given to me, simply by asking. I hope this helps you.

If I am proven wrong, please forgive me, and correct the matter.


1. Saskatchewan Financial services press release claims they have violated securities law. They have no prospectus, and are not licensed to sell stock in the ULT company, therefore they are Cease Traded. See press release as proof.

ULT: Cease trading order issued

University Lab Technologies: Cease trading order issued
The Leader-Post
Published: Saturday, April 14, 2007
The Saskatchewan Financial Services Commission (SFSC) has issued a temporary cease-trade order against University Lab Technologies Inc. (ULT) and six of its sales representatives.
University Lab Technologies Inc. of Boca Raton, Fla., holds itself out as manufacturing and selling natural products that address common health complaints, the commission said in a press release Friday.
George Theodore, Dan Iwanski, Steve Axelrod, Sy Schaiken, Bill Ross, and Richard Green, who act as salespersons for ULT, have contacted residents of Saskatchewan by telephone, e-mail and mail, and offered to sell them common shares of ULT. Some Saskatchewan residents have purchased shares in ULT, the commission said.
Neither these men nor ULT have been registered to trade in securities in Saskatchewan, nor has the commission received a prospectus from ULT. As a result, they have contravened both the registration and prospectus requirements of Saskatchewan securities laws.
Ed Rodonets, deputy director of enforcement for the commission's securities division, said ULT and its sales reps are not abiding by the rules governing the sale of securities in Saskatchewan.
"They're not following the Saskatchewan rules and regulations,'' Rodonets said. "They're making some promises that we're concerned about.''
For example, one of the respondents reportedly told several Saskatchewan residents that ULT shares could increase from 50 cents a share to $8 or $10 in the space of a year.
"The biggest concern we have though is ... that the company is denying having any Saskatchewan investors in ULT. We know otherwise.''
Rodonets said 21 Saskatchewan residents have contacted the commission about receiving calls from ULT representatives, with five or six investing in the company. "They're asking $25,000 minimum. There are some $25,000 investments, we know that for sure.''
Rodonets said ULT sales reps have contacted anywhere from 250 to 2,000 individuals across Canada. "So it's big,'' Rodonets said, adding that "they're not registered to operate in any province or in the state of Florida."
If anyone has been contacted by a person acting on behalf of ULT, call the commission at 306-787-5936. The complete decision is available on the commission's Web site at Saskatchewan Financial Services Commission.
© The Leader-Post (Regina) 2007



2. The Cease Trade Order has been extended indefinitely as of April 26/2007. This due to ULT delinquency, not providing the requested documentation regarding their stock sales activity, and not requesting a “securities hearing” respecting the facts set out in the temporary cease trade orde. See below;


NEWS RELEASE - APRIL 27, 2007
CEASE TRADE ORDERS EXTENDED ON UNIVERSITY LAB TECHNOLOGIES
The Saskatchewan Financial Services Commission (SFSC) had issued a temporary cease trade order on April 11, 2007, against University Lab Technologies Inc. (ULT), which also included certain individual representatives - George Theodore, Dan Iwanski, Steve Axelrod, Sy Schaiken, Bill Ross, and Richard L. Green. That cease trade order has now been extended until the SFSC is provided with satisfactory information with respect to this matter.
The SFSC is working closely in this investigation with several other provincial Securities Commissions who have an identified interest in ULT and are also being assisted by the Office of Financial Regulation in Florida.

University Lab Technologies Inc., based in Boca Raton, Florida, holds itself out as manufacturing and selling natural products that address common complaints among specific groups of people.
Since the Temporary Order was issued, a seventh individual, David Sewell, has been identified as a salesperson for ULT. Sewell made contact with residents of Saskatchewan by telephone, email and mail, and offered to sell them common shares of ULT. As a result, some Saskatchewan residents have purchased shares in ULT.

None of the individuals mentioned, nor ULT, have been or are registered to trade in securities in Saskatchewan. The SFSC has also not issued a prospectus receipt to ULT. Therefore, they have contravened both the registration and prospectus requirements of Saskatchewan securities laws.
If anyone has been contacted by a person acting on behalf of ULT, please call the SFSC at 306-787-5936.
The complete decision is available at the Commission web site at Saskatchewan Financial Services Commission.
-30-

For more information, contact:
Ed Rodonets
Saskatchewan Financial Services Commission
Regina
Phone: 306-787-5850
Email: erodonets@justice.gov.sk.ca


3. Another cease trade order issued due to ULT continuing to sell unregistered stock, and ignoring the original cease trade order. This is very bad for investor confidence, or anyone planning to purchase ULT stock. University Lab Technologies may never go public due to these early violations. George Theodore just damaged the young doctors hope of ever serving on a public board. How will the SEC ever allow securities violators to ever be a director on a public company… see link below;

http://www.sfsc.gov.sk.ca/ssc/files/...april26-07.pdf


4. More medical claims that may not be proven. See press release, quote; “Clinical studies have demonstrated that two ingredients in our formulation provide the same level of pain relief as Vioxx™ or Celebrex™, without any significant side effects.
See link;
http://eon.businesswire.com/releases...rweb498147.htm


However, the ULT website quotes a contradiction to their claims.;

“These statements have not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure, or prevent any disease.”

See ULT link;
Arthroleve - Same ULT - Zenstral PMS

So I ask, which one is it? Does it CURE, or is it NOT intended to treat, cure any disease.?

Now, they claim, their product is a replacement for Vioxx... Are they trying to cure people, or create hype for selling stock?
See link ;
Arthroleve - University Lab Technologies



5. Only recently their website added a disclaimer about their vitamins. Dr. Morrow explains the reason was, they voluntarily added the disclaimer, because they had an FDA attorney review the products.

Poppycock! That is ONE MAJOR disclaimer. It’s a complete reverse of all claims being made thus far. So the Attorney had to explain “About Medicine” to the young doctor.

So, we have here a doctor, with years of study, who prescribes drugs, knows how drugs work, knows about active and non-active ingredients. Has done research, and is manufacturing a supplemental vitamin, but had no idea, you can not make claims about any supplement that are un-proven. He had no idea, he really must tell people, his vitamin is, ”not intended to diagnose, treat, cure, or prevent any disease.” Does that sound right to anyone? The doctor just didn’t know!!

I think they just wanted to sell stock, and the authorities FORCED them to put a disclaimer.


6. University Lab Technologies employs six stock sales staff. Who pays for their salaries? ULT has no money, so Activecore pays for their salaries. Activecore is a public company unrelated to ULT. Activecore is a public company, paying for ULT startup. ULT can not prove it pays Rent. ULT can not prove it pays Salaries, or Startup costs, Vitamin production, Labeling, Graphics design, etc. All monies are being diverted from a public company, for the use of Dr. Jarret Morrow, and ULT. Go ahead, ask ULT for proof they pay rent, ask for proof they pay salaries to their sales staff since January 2007. All their expenses are paid by a public company, because George Theodore has access to these funds, and diverts them to ULT. Sounds like theft to me, can someone please prove me wrong…so ULT can go in peace.



Well I’m happy to see the public has a contact number to verify the patent pending claims…this is good progress. Take note, patent pendings, don’t always get approved. So, the investor has to decide to take a leap of faith and trust George Theodore with their investment, or wait till the patent is, at least, published in the USA patent data base.

Take note; George Theodore was the chairman of a public company in Toronto, at Infolink technologies for quite some time. He also works at Activecore, another public company. Now he is the CEO of ULT, and his stock trading actions have resulted in an indefinite Cease Trade Order, by the Canadian Government….such an embarrassment, and so damaging to credibility for a brand new company. Is George stupid, and forgot how stocks work, or did he violate securities law purposely, to “line his pockets”, quick.

From my readings, I think he understands “stocks” very well, but chose to purposely sell unregistered stock to unsuspecting individuals….just my opinion.

Bryan Swan.