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April 19, 2015 12:33 PM ET

Electronic Equipment, Instruments and Components

Company Overview of TransNet Corp.

Company Overview

Transnet Corporation provides communication and information technology (IT) products and solutions, and technology management services in the United States. The company offers IT equipment and related software for voice over Internet protocol (VoIP) systems, network products, physical security solutions, wide-area networks (WANs), local area network (LANs), desktop and laptop computers, and video surveillance products. It also provides IT solutions comprising various networks, such as VoIP systems, LANs, and WANs; and network infrastructure solutions include network routing and switching, wireless networks, and network security solutions. In addition, the company offers network electronics, ...

45 Columbia Road

Somerville, NJ 08876-3576

United States

Founded in 1969

85 Employees

Phone:

908-253-0500

Fax:

908-253-0600

Key Executives for TransNet Corp.

Chairman, Chief Financial & Accounting Officer and Treasurer
Age: 86
Vice President of Operations and Director
Age: 58
Secretary, Legal Counsel and Director
Compensation as of Fiscal Year 2014.

TransNet Corp. Key Developments

SEC Revokes Registration Of Securities Of TransNet

An Administrative Law Judge has issued an Order Making Findings and Revoking Registration by Default as to TransNet Corp. The Order Instituting Proceeding (OIP) alleged that the company repeatedly failed to file timely periodic reports while its securities were registered with the Securities and Exchange Commission (SEC). The Default Order finds these allegations to be true and revokes the registration of each class of the registered securities, pursuant to Section 12(j) of the Securities Exchange Act of 1934.

SEC Orders Hearing On Registration Suspension Or Revocation Against TransNet

In conjunction with trading suspension, the Securities and Exchange Commission (SEC) also instituted a public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of TransNet Corp. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company is 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 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/or 13a-13 there under, are true. The 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 the proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

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