Asconi Corporation produces wine in Moldova, primarily for export.

The Complaint alleges that the Defendants made material misrepresentations and omissions of material facts concerning the Company's business performance during the relevant time. According to the Complaint, throughout the relevant time period, Defendants misrepresented the financial condition of the Asconi and failed to disclose certain related party transactions, thereby overstating the financial condition of Asconi. The Company delayed the filing of its annual Report on Form 10-K with the SEC, its stock price collapsed and the stock then ceased trading.

According to the Order entered on October 1, 2004, on September 14, 2004, the Plaintiff was ordered to file an amended Complaint no later than September 30, 2004. No amended Complaint was filed. This case was dismissed without prejudice for failure to prosecute. The clerk was directed to close the file.