In re Rise E-Commerce Systems, Inc.

May 19, 2010 SEC ADMINISTRATIVE CASE NO. 05-10-310 IN THE MATTER OF RISE E-COMMERCE SYSTEMS, INC. ENFORCEMENT AND PROSECUTION DEPARTMENT , petitioner . FOR : Revocation of Certificate of Incorporation ORDER In view of the findings of petitioner Enforcement and Prosecution Department (EPD) regarding Rise E-Commerce Systems, Inc. (Rise), that the said corporation and its incorporators cannot be located at their last known addresses, as evidenced by the following certifications and notations from the 27 May 2009 surveillance on the said corporation and 13 July 2009 Notice of Conference: 1) Rise E-Commerce Systems, Inc. "has already moved out from the 19th floor of Galleria Corporate Center, and is not a tenant or occupant of this building since June 2003. 5/27/09 (signed)" 2) Mr. Mark Lopez, Ms. Alodia G. Setiar, Mr. Kenneth U. Teves, and Ms. Michelle P. Geange "insufficient address; cannot be located (6/15/2009)" This Office concludes that any attempt to personally serve the summons upon Rise and 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 12 May 2010, together with this ORDER and a copy of the PETITION for Revocation of Certificate of Incorporation dated 29 April 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 12 May 2010 be published once in a newspaper of general circulation. Respondents may secure a 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. cDAISC SO ORDERED. Mandaluyong City, May 19, 2010. By Authority of the Commission: (SGD.) VERNETTE G. UMALI-PACO General Counsel