An Administrative Law Judge has issued an Order Making Findings and Revoking Registration by Default as to Rahaxi, Inc. The Order Instituting Proceedings (OIP) alleged that the Company repeatedly failed to file timely periodic reports while their securities were registered with the Securities and Exchange Commission (SEC). The Default Order finds these allegations to be true as to the Company and revokes the registration of each class of registered securities, pursuant to Section 12(j) of the Securities Exchange Act of 1934.

In conjunction with trading suspension, Securities and Exchange Commission (SEC or the Commission) also instituted public administrative proceedings to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of Rahaxi, Inc for failure to make required periodic filings with the Commission. In Order, the Division of Enforcement (Division) alleged that the company was delinquent in its required periodic filings with the Commission. In these proceedings, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceedings will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in the proceedings issue an initial decision not later than 120 days from the date of service of the order instituting proceedings.

Rahaxi, Inc has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock, par value $0.001 per share under the Securities Exchange Act of 1934, as amended.