September 01, 2014 7:54 PM ET

Software

Company Overview of Shannon International Inc.

Company Overview

Shannon International Inc., through its subsidiary, Logical Sequence Incorporated (LSI), develops software applications for the automotive industry. LSI’s products include automobile dealership management software that integrates back-office and front office functions with accounting, inventory control, parts, service, electronic time clock, contact management, financing and insurance, customer relationship management, and management reporting tools. It also develops Web-based dealership management software, LynXphere that consists of dealership accounting and vehicle inventory, parts inventory, service management, leasing and sales, and customer relationship management tools for automotive ...

238 A Brownlow Avenue

Suite 100

Dartmouth, NS B3B 2B4

Canada

Founded in 1999

17 Employees

Phone:

902-481-7225

Fax:

902-481-7224

Key Executives for Shannon International Inc.

Secretary and Director
Age: 58
Special Advisor
Compensation as of Fiscal Year 2014.

Shannon International Inc. Key Developments

SEC Revokes Registration Of Registered Securities Of Shannon International Inc

The registration of the registered securities of Shannon International Inc. has been revoked. The Company had repeatedly failed to file required periodic reports with the Securities and Exchange Commission (SEC). Thus, the Company violated a crucial provision of the federal securities laws that requires public corporations to publicly disclose current, accurate financial information so that investors may make informed decisions. The revocation was ordered in an administrative proceeding before an administrative law judge.

SEC Orders Hearing On Registration Suspension Or Revocation Against Shannon International

In conjunction with trading suspension, the Securities and Exchange Commission (SEC) also instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of Shannon International 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 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 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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