December 21, 2014 12:49 AM ET

Diversified Financial Services

Company Overview of Genuity Inc.

Company Overview

On December 2, 2003, Genuity, Inc went out of business as per its Chapter 11 liquidation filing under bankruptcy. Genuity Inc. provided Internet access services that included dial-up, dedicated, and broadband access and voice-over-Inter protocol for service providers and enterprise customers; hosting and value-added services, such as security services, including virtual private networks for secure data transmissions and managed firewall services; and transport services, which included services, such as asynchronous transfer mode and private line services. As of September 30, 2002, Genuity operated six data centers in the United States and one in Amsterdam, the Netherlands. The company was fo...

235 Presidential Way

Woburn, MA 01801

United States

Founded in 1995

101 Employees

Phone:

800-436-8489

Fax:

617-873-6023

Key Executives for Genuity Inc.

Genuity Inc. does not have any Key Executives recorded.

Genuity Inc. Key Developments

SEC Revokes Registration Of Securities Of Genuity

The registrations of the registered securities of Genuity, Inc. have been revoked. The company had repeatedly failed to file required annual and quarterly 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 revocations were ordered in an administrative proceeding before an administrative law judge.

SEC Orders Hearing On Registration Suspension Or Revocation Against Genuity For Failure To Make Required Periodic Filings

Securities and Exchange Commission (SEC or the commission) instituted public administrative proceedings to determine whether to revoke or suspend for a period not exceeding twelve months the registrations of each class of the securities of Genuity, Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was 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 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 proceedings.

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