SEC Comment Letter for XIOM CORP (CIK 0001160479) — May 31, 2005
XIOM CORP (CIK 0001160479)
Date: May 31, 2005 · CIK: 0001160479 · Accession: 0000000000-05-026538
AI Filing Summary & Sentiment
File numbers found in text: 333-124704
Letter
May 9, 2005 MAIL STOP 0511 Andrew Mazzone, President Xiom Corp. 68A Lamar Street West Babylon NY 11704
Re: Xiom Corp. (formerly: Panama Industries Ltd.) Form SB-2 filed May 6, 2005 File No. 333-124704
Dear Mr. Mazzone:
We have completed a preliminary reading of your registration statement. It appears that your document fails in a number of material respects to comply with the requirements of the Securities Act of 1933, the rules and regulations under that Act, and the requirements of the Form. For this reason, we will not perform a detailed examination of the registration statement and will not issue comments until these material deficiencies, indicated below, are addressed:
1) Financial statements of the registrant are out of date and should be updated in accordance with Item 310 of Regulation S-B.
2) The disclosure required by Item 303 of Regulation S-B, Management`s Discussion & Analysis, has not been included; see Commission Release 33-8350, effective December 29, 2003, for guidance concerning this disclosure.
3) Disclosure concerning the selling stockholders required by Item 507 of Regulation S-B has not been made.
As long as it remains in its current form, we will not recommend acceleration of the effective date of the registration statement. Also note that should the registration statement become effective in its present form, we would be required to consider what recommendation, if any, we should make to the Commission. We suggest that you consider submitting a substantive amendment to correct the deficiencies or a request for withdrawal of the filing.
Please understand that the purpose of our review process is to assist you in your compliance with the applicable disclosure requirements and to enhance the overall disclosure in your filing. Feel free to call Donald J. Rinehart at (202) 551-3235 with any questions. We look forward to working with you to address these concerns.
Sincerely,
John D. Reynolds, Assistant Director
Office of Emerging Growth Companies
Show Raw Text
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May 9, 2005
MAIL STOP 0511
Andrew Mazzone, President
Xiom Corp.
68A Lamar Street
West Babylon NY 11704
Re: Xiom Corp. (formerly: Panama Industries Ltd.)
Form SB-2 filed May 6, 2005
File No. 333-124704
Dear Mr. Mazzone:
We have completed a preliminary reading of your registration
statement. It appears that your document fails in a number of
material respects to comply with the requirements of the
Securities
Act of 1933, the rules and regulations under that Act, and the
requirements of the Form. For this reason, we will not perform a
detailed examination of the registration statement and will not
issue
comments until these material deficiencies, indicated below, are
addressed:
1) Financial statements of the registrant are out of date and
should
be updated in accordance with Item 310 of Regulation S-B.
2) The disclosure required by Item 303 of Regulation S-B,
Management`s Discussion & Analysis, has not been included; see
Commission Release 33-8350, effective December 29, 2003, for
guidance
concerning this disclosure.
3) Disclosure concerning the selling stockholders required by Item
507 of Regulation S-B has not been made.
As long as it remains in its current form, we will not
recommend
acceleration of the effective date of the registration statement.
Also note that should the registration statement become effective
in
its present form, we would be required to consider what
recommendation, if any, we should make to the Commission. We
suggest that you consider submitting a substantive amendment to
correct the deficiencies or a request for withdrawal of the
filing.
Please understand that the purpose of our review process is
to
assist you in your compliance with the applicable disclosure
requirements and to enhance the overall disclosure in your filing.
Feel free to call Donald J. Rinehart at (202) 551-3235 with any
questions. We look forward to working with you to address these
concerns.
Sincerely,
John D. Reynolds, Assistant Director
Office of Emerging Growth Companies
cc: Michael S. Krome, Esq.
FAX (631) 737-8382
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Andrew Mazzone
Xiom Corp.
2
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