News Release

Vancouver – The British Columbia Securities Commission banned a B.C. man from the securities market after he admitted to fraud and illegally selling securities.

In a settlement, William Ronald Moll agreed to pay $10,000 and he is barred from buying or selling securities, acting as a director or officer of any issuer, and engaging in investor relations activities for 10 years.

In September 1999, Moll was a director of 592087 BC Ltd., a company that carried on business as North American Marketing and North American Enterprises. During the next 10 months, Moll breached the Securities Act when he illegally sold securities to three B.C. investors without a prospectus or registration, raising about $30,000. In selling the shares, Moll committed fraud under the Act when he lied to the investors telling them that North American had the exclusive rights to manufacture, market and distribute a tire-cleaning formula called “Tire-Glo” and “Tire-Tux” and that the company’s shares would be listed on a stock exchange.

In spring of 2001, Moll was a director of Sniper Sports Ltd., a company supposedly in the business of manufacturing and selling hockey sticks. During that time, he breached the Act when he illegally sold Sniper shares to two B.C. investors without a prospectus or registration, raising about $20,000. In selling the shares, Moll committed fraud under the Act when he lied to the investors by telling them the shares would be listed on a stock exchange and would increase in value.

The B.C. Securities Commission is an independent provincial government agency responsible for regulating trading in securities within the province. You may view the settlement on our website www.bcsc.bc.ca by typing in the search box, William Ronald Moll or 2004 BCSECCOM 657. If you have questions, contact Andrew Poon, Media Relations, 604-899-6880.