Centennial Technologies, Inc. Insider Trading—Emanuel Pinez

On September 28, 2000, the SEC obtained a permanent injunction and other relief against Emanuel Pinez, the former chief executive officer of Centennial Technologies, Inc., for engaging in insider trading in Centennial stock and options during 1995, 1996, and 1997. The United States District Court for the District of Massachusetts ordered Pinez to transfer certain assets to a Court-appointed Receiver to satisfy a disgorgement order of approximately $5.3 million. For more information about the SEC's action, you can read Litigation Release No: 16725 (Sept. 26, 2000).

The Court appointed John Aquino as Receiver to collect and liquidate all of Pinez's disgorged assets, and to distribute the funds to aggrieved investors. The Receiver is in the process of collecting Pinez's disgorged assets and identifying all Centennial investors who traded in the securities of Centennial on the same days as Pinez. If the losses of eligible claimants exceed the funds available for distribution, then the claimants will be compensated on a pro rata basis, i.e., in accordance with the ratio of eligible claims to funds available for distribution.

You may be eligible to participate in a distribution if you traded in Centennial stock or options on the following dates that Pinez illegally traded. For Centennial stock, the dates are:

November 9, 10, and 30, 1995
December 1, 4, and 13, 1995
January 2, 3, 5 and 29, 1996
April 26, 29, and 30, 1996
May 1 and 2, 1996
September 23, 1996
February 6 and 7, 1997.

For Centennial options, the date is February 7, 1997.

If you have a question, you can contact the Receiver at:

John J. Aquino, Esq.
Anderson Aquino LLP
260 Franklin Street
Boston, MA 02110
Phone: (617) 439-3500
Fax: (617) 439-0400
Email: johnjaquino@msn.com

http://www.sec.gov/divisions/enforce/claims/centennialtech.htm