In re Talbot and Reese, Inc.

May 31, 2010 SEC ADMINISTRATIVE CASE NO. 05-10-116 IN THE MATTER OF TALBOT AND REESE, INC. ENFORCEMENT AND PROSECUTION DEPARTMENT , petitioner . FOR : Revocation of Corporate Registration ORDER The findings of petitioner Enforcement and Prosecution Department ("EPD," for brevity) that all the addresses provided by the incorporators of Talbot and Reese, Inc. ("Talbot," for brevity) in their Articles of Incorporation are fictitious, upon verification by EPD, as evidenced by the following Certifications and notations from the Summary Report on Field Investigation and the Notice Requiring Appearance issued by the EPD: 1. Talbot and Reese, Inc. "no information of any person/individual in the name of Jan William Moran residing at Unit 5E, 5th Floor, Burbank Tower 3 of California Garden Square and of Talbot & Reese, Inc. having office at the said unit 06/28/07 (signed)" 2. Woodnell C. Venganio "there exist no person in the name of Woodnell C. Venganio, allegedly residing at #89 Lavender St., Greenheights Subdivision, Newtown, Barangay Mayamot, Antipolo City, nor such address specified exists (sic) . 04/01/08 (signed)" 3. Respicio A. Noellanosa "not a known resident of Barangay 677, Zone 74, District V, Paco, Manila. 05/07/10 (signed)" 4. Talberto B. Santiago "the address of 409 E. Rodriguez Sr. Ave. cannot be located and Mr. Talberto B. Santiago is not resident of this Barangay (sic) . (signed)" 5. Jan William P. Moran "not a resident of the above mentioned address (sic) . 05/13/10 (signed)" 6. Liberty O. Santos "no longer resident of Brgy. San Juan, Cainta, Rizal (sic) . 05/11/10 (signed)" TAECaD This Office concludes that any attempt to personally serve the summons upon Talbot or its incorporators at the aforesaid addresses would be a waste of time and effort by the Commission's process servers. Considering the foregoing, and the fact that this petition was filed in behalf of the Commission, service by publication under Section 4-9 of Rule IV of the 2006 Rules of Procedure of the Commission is justified. WHEREFORE, let the SUMMONS dated 31 May 2010, together with this ORDER and a copy of the PETITION for Revocation of Corporate Registration dated 25 May 2010, be immediately posted in the Commission's website (www.sec.gov.ph) for thirty (30) days. Also, let a copy of this Order and the Summons dated 31 May 2010 be published once in a newspaper of general circulation. Respondents may avail of the copy of the petition from the Office of the General Counsel of this Commission during office hours. Accordingly, all publication expenses shall be borne by the petitioner. Let the Enforcement and Prosecution Department be furnished a copy of this Order and the Summons for its appropriate action. SO ORDERED. Mandaluyong City, May 31, 2010. By Authority of the Commission: (SGD.) VERNETTE G. UMALI-PACO General Counsel