April 15, 2010 (FinancialWire) — International Power Group, Ltd. (OTC: IPWG) issued an update on its administrative appeal before the Securities Exchange Commission (SEC) of the Depository Trust Company (DTC) "chill" of the trading of its public stock. IPWG stated that the DTC has filed a request for oral argument before the SEC.

In its request, the DTC argues that oral argument is needed "to ensure that all the issues and their implications are fully explored so that the commission's decision is based on a full and complete understanding of the controlling operational and systemic concerns" and that "the issue now before the Commission threatens to impact [the DTC's relationship with third parties] and the method and operation of the DTC."

IPWG has filed a response to the DTC's request and has not opposed oral argument on the issues. IPWG reiterated the detrimental harm being caused to IPWG and its shareholders by the DTC and disputed all claims and arguments presented by the DTC in its request.

International Power Group, Ltd., is a leader in the development and implementation of new cutting-edge technologies that maximize recycling values while providing environmentally safe disposal of solid waste and hazardous materials.

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