April 23, 2010 (FinancialWire) — The Securities Exchange Commission has informed International Power Group (OTC: IPWG) that the chill is still on.

In its ruling on the administrative appeal for a stay of the Depository Trust Company chill on  public trading of International Power's stock, the SEC found that IPG did not present sufficient evidence to prove it had suffered "irreparable harm" by DTC's actions and that the chill did not appear to "negatively affect the efficiency of the market" in IPG shares.

The SEC further stated: "To the extent that investors experienced difficulties trading IPG shares after the suspension of services, it appears that the policies of their brokers, rather than any requirements of the DTC, caused such difficulties.

IPG's CEO John Benvengo vowed to continue the fight against the chill.

The SEC has set a schedule for further submissions to its administrative appellate panel. On May 13, the DTC will file its response to the questions raised by the SEC; on June 14, IPG submits its response and opposition to the DTC's response; and on June 28, the DTC will file a reply to IPG's submission.

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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