| |
| | Xaibe, Inc., Lowell Nicholas: Admin. Proc. Rel. No. 48359 / August 18, 2003 |
 | | Xaibe, Inc. ("Xaibe"), a Nevada corporation headquartered in Houston, Texas, is registered pursuant to Section 12(g) of the Exchange Act (file no. 0-27647). |
 | | Xaibe's assets, which were held by its subsidiary, PolarShield, Inc., were liquidated in Chapter 7 bankruptcy proceedings that were concluded in March 2003. |
 | | While its stock was registered with the Commission, Xaibe failed to file its annual report on Form 10-KSB for the year ended June 30, 2002, and quarterly reports on Forms 10-QSB for the quarters ended March 31, 2002, September 30, 2002, December 31, 2002, and March 31, 2003. |
| www.sec.gov /litigation/admin/34-48359.htm (759 words) |
|