Company Overview of Magic Lantern Group Inc.
Magic Lantern Group, Inc. engages in the marketing and distribution of educational and learning content in video and other electronic formats in Canada. Tutorbuddy, Inc., a 100% owned subsidiary of Magic Lantern, provides Internet-enabled content and related educational services to students, teachers, and parents. Sonoptic Technologies, Inc., a 75% owned subsidiary of Magic Lantern, provides digital video encoding services and offers proprietary videobase indexing software that allows users to aggregate, bookmark, re-sort, and add their own comment boxes to existing content. The company's customers are primarily educational institutions, family resource centers, and public libraries in Canad...
1075 North Service Road West
Oakville, ON L6M 2G2
Founded in 1975
Key Executives for Magic Lantern Group Inc.
Chief Executive Officer and President
President of Sonoptic Technologies Inc
Senior Vice President of Educational Relations
Executive Assistant To Chief Executive Officer
Compensation as of Fiscal Year 2012.
Magic Lantern Group Inc. Key Developments
SEC Revokes Registration Of Securities Of Magic Lantern Group
Sep 26 11
An Administrative Law Judge has issued an Order Making Findings and Revoking Registrations by Default (Default Order) of Magic Lantern Group Inc. The Order Instituting Proceeding alleged that the Company repeatedly failed to file required annual and quarterly reports while its 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 registrations of each class of its registered securities, pursuant to Section 12(j) of the Securities Exchange Act of 1934.
SEC Orders Hearing On Registration Suspension Or Revocation Against Magic Lantern Group
Aug 24 11
On August 24, 2011, the Securities and Exchange Commission (SEC) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registrations of each class of the securities of Magic Lantern Group Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company is delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the Administrative Law 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 or 13a-16 there under, are true. The Administrative Law Judge in the proceeding 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 this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.
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