Phil Maritime and Ocean Institute of Technology, Inc. (PMOIT)

September 13, 2022 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY The Commission has received information that individuals or group of persons representing an entity named PHIL MARITIME AND OCEAN INSTITUTE OF TECHNOLOGY, INC. (PMOIT) are enticing the public to invest in said entity. Information gathered from reports received by the Commission show that PMOIT is inviting the public to invest as its "Venture Capitalist" for a minimum capital of Php350,000.00 with a promise of receiving a 60/40 sharing on profits, a potential annual income of at least Php206,000.00 or quarterly income of at least Php51,000.00 and a return of investment within a period of 2 years . It was further reported that the company's sources of revenues are the following: 1.) Revenues from the school; 2.) Earnings from the training center; 3.) Revenues from the dormitory; and 4.) Earnings from its the commercial center. In a document entitled Memorandum of Agreement which was presented to the Commission, PMOIT guarantees that a Venture Capitalist will receive a Deed of Assignment and a Stock Certificate. In the same document, it was stipulated that the capital contribution of a Venture Capitalist shall be Php350,000.00 and the Venture Capitalist will receive 40% as a profit of the net monthly revenue of the school and its training center, all the earnings from school facilities such as student dormitory and the commercial establishment will be released and distributed every 3 months to the partner. In a PDF file document which was also presented to the Commission, PMOIT advertised the investment opportunity below: In its Facebook Page, PMOIT posted an advertisement enticing the public to be a Venture Capitalist for an amount of Php350,000.00 per seat. The public is hereby informed that PHIL MARITIME AND OCEAN INSTITUTE OF TECHNOLOGY, INC. (PMOIT) is not authorized to solicit investments from the public as it has not secured prior registration and/or license to sell securities or solicit investments from the Commission as prescribed under Sections 8 and 12 of the Securities Regulation Code (SRC). In view thereof, the public is hereby advised to exercise caution in dealing with any individual or group of persons soliciting investments for and on behalf of PHIL MARITIME AND OCEAN INSTITUTE OF TECHNOLOGY, INC. (PMOIT) . The public is further advised NOT TO INVEST or to STOP INVESTING in the investment scheme being offered by the subject entity or its representatives. Those who act as salesmen, brokers, dealers or agents of the said entity in selling or convincing people to invest in the investment scheme it is being offered including soliciting investments or recruiting investors through the internet may be held criminally liable under Section 28 of the SRC and penalized with a maximum fine of Five Million Pesos (Php5,000,000.00) or imprisonment of Twenty One (21) years or both pursuant to Section 73 of the SRC (SEC vs. Oudine Santos, G.R. No. 195542, 19 March 2014) . Furthermore, the names of all those involved will be reported to the Bureau of Internal Revenue (BIR) so that the appropriate penalties and/or taxes be correspondingly assessed. Should you have any information regarding the operation of the subject entity, please send your reports to the Enforcement and Investor Protection Department (EIPD) at email at [emailprotected] or visit the EIPD at the 9th Floor, SEC Headquarters, 7907 Makati Avenue, Barangay Bel-Air, Makati City. For the guidance of the public. Makati City, September 13, 2022.