ASC extends cease trade order against Calgary businessman Hugo Pittoors and
Humanus Initiative

CALGARY, Sept. 1 /CNW/ - September 1, 2010 - The Alberta Securities Commission (ASC) has extended an Interim Cease Trade Order against Calgary businessman Hugo Pittoors and Panamanian company Humanus Initiative Inc. until February 24, 2011.

The Interim Cease Trade Order prohibits all trading in any securities issued by Pittoors or Humanus Initiative. The order also prohibits Pittoors and Humanus Initiative from trading in any securities or using any Alberta securities laws exemptions. An ASC panel extended the Interim Cease Trade Order based on evidence that Pittoors and Humanus Initiative are illegally selling securities to Alberta investors.

Copies of the extended Interim Cease Trade Order, the original Interim Cease Trade Order and Notice of Hearing can be found on the ASC website at www.albertasecurities.com.

ASC Staff are continuing their investigation into this matter. Anyone who has been contacted by someone from or on behalf of Hugo Pittoors or Humanus Initiative Inc. is asked to contact the ASC Public Inquiries Office at 403-355-4151 or 1-877-355-4488. Investors are cautioned against sending money for securities or investment purposes to either of the above named parties while the extended Interim Cease Trade Order is in effect.

The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted to foster a fair and efficient capital market in Alberta and to protect investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

For further information: For Media Inquiries: Mark Dickey, Senior Communications Advisor, 403.297.4481; For Investor Inquiries: ASC Public Inquiries, Toll Free 1.877.355.4488