PRESS RELEASE
STATE REGULATOR INVESTIGATES RAGLIN INDUSTRIES INVESTMENT PROGRAM
 
For Immediate Release
Monday, November 20, 2006 
 
Contact: Irving Faught, Administrator
  Oklahoma Department of Securities
  405-280-7700
 
 
Oklahoma City/////  Irving L. Faught, Administrator of the Oklahoma Department of
Securities, has launched an investigation into the practices of a business based in
Wagoner, Oklahoma. The investigation targets Raglin Industries, Inc., Raglin Industries,
LLC, Phillip Levaughn Raglin and Joseph Daniel Layne (Respondents).

The Department is investigating whether Respondents are involved in the
unlawful offer, sale and/or purchase of securities in and/or from the state of Oklahoma, in
the nature of membership investments in Raglin Industries, LLC. If the Department
determines that Respondents have violated the Oklahoma Uniform Securities Act of 2004
(Act), Okla. Stat. tit. 71, Sections 1-101 through 1-701 (Supp. 2003) and/or the Rules of the
Oklahoma Securities Commission and the Administrator of the Department of Securities
(Rules), action may be taken by the Department in the nature of administrative or civil
sanctions as provided by the Act.
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This press release, and related information, is available on the Securities Commission's web site at securities.ok.gov, by phone at (405) 280-7700, or in writing at:  Oklahoma Securities Commission, 204 North Robinson, Suite 400, Oklahoma City, OK 73102.