UNITED STATES OF AMERICA

Before the

SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934

Release No. 81712 / September 25, 2017

ADMINISTRATIVE PROCEEDING

File No. 3-18210

In the Matter of 

Icon Vapor, Inc., POWRtec International 

Corp., Silvergraph International, Inc., and 

Walter Energy, Inc. (n/k/a New WEI, Inc.),

Respondents.

ORDER INSTITUTING 

ADMINISTRATIVE 

PROCEEDINGS AND NOTICE OF 

HEARING PURSUANT TO 

SECTION 12(j) OF THE 

SECURITIES EXCHANGE ACT 

OF 1934

I.

The Securities and Exchange Commission (“Commission”) deems it necessary and 

appropriate for the protection of investors that public administrative proceedings be, and hereby 

are, instituted pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Exchange 

Act”) against the Respondents named in the caption.

II.

After an investigation, the Division of Enforcement alleges that:

A. RESPONDENTS1

1. Icon Vapor, Inc. (“ICNVQ”) (CIK No. 1563915) is a defaulted Nevada

corporation located in San Diego, California with a class of securities registered with the 

Commission pursuant to Exchange Act Section 12(g). ICNVQ is delinquent in its periodic 

filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for 

the period ended September 30, 2015, which reported a net loss of $8,058,059 for the prior nine 

months. On September 27, 2016, ICNVQ filed a Chapter 7 petition in the U.S. Bankruptcy 

Court for the Southern District of California, which was still pending as of September 6, 2017. 

As of September 5, 2017, the common stock of ICNVQ was quoted on OTC Link operated by 

OTC Markets Group Inc. (formerly “Pink Sheets”) (“OTC Link”), had five market makers and 

was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).

 

1The short form of each respondent’s name is also its ticker symbol. 
2

2. POWRtec International Corp. (“POWT”) (CIK No. 1387673) is a void Delaware

corporation located in Sunnyvale, California with a class of securities registered with the 

Commission pursuant to Exchange Act Section 12(g). POWT is delinquent in its periodic filings 

with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the 

period ended September 30, 2015, which reported a net loss of $78,869 for the prior nine 

months. As of September 5, 2017, the common stock of POWT was quoted on OTC Link, had 

five market makers and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-

11(f)(3).

3. Silvergraph International, Inc. (“SVGP”) (CIK No. 1115975) is a Nevada

corporation located in San Diego, California with a class of securities registered with the 

Commission pursuant to Exchange Act Section 12(g). SVGP is delinquent in its periodic filings 

with the Commission, having not filed any periodic reports since it filed a Form 10-K for the 

period ended December 31, 2014, which reported a net loss of $65,032 for the prior year. As of 

September 5, 2017, the common stock of SVGP was quoted on OTC Link, had two market 

makers and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).

4. Walter Energy, Inc. (n/k/a New WEI, Inc.) (“WLTGQ”) (CIK No. 837173) is a 

delinquent Delaware corporation located in Birmingham, Alabama with a class of securities 

registered with the Commission pursuant to Exchange Act Section 12(g). WLTGQ is delinquent 

in its periodic filings with the Commission, having not filed any periodic reports since it filed a 

Form 10-Q for the period ended September 30, 2015, which reported a net loss of $2,693,903 for 

the prior nine months. As of September 5, 2017, the common stock of WLTGQ was quoted on 

OTC Link, had nine market makers and was eligible for the “piggyback” exception of Exchange 

Act Rule 15c2-11(f)(3).

B. DELINQUENT PERIODIC FILINGS

5. As discussed in more detail above, all of the Respondents are delinquent in their 

periodic filings with the Commission, have repeatedly failed to meet their obligations to file 

timely periodic reports, and failed to heed delinquency letters sent to them by the Division of 

Corporation Finance requesting compliance with their periodic filing obligations or, through 

their failure to maintain a valid address on file with the Commission as required by Commission 

rules, did not receive such letters.

6. Exchange Act Section 13(a) and the rules promulgated thereunder require issuers 

of securities registered pursuant to Exchange Act Section 12 to file with the Commission current 

and accurate information in periodic reports, even if the registration is voluntary under Section 

12(g). Specifically, Exchange Act Rule 13a-1 requires issuers to file annual reports, and 

Exchange Act Rule 13a-13 requires domestic issuers to file quarterly reports. 

7. As a result of the foregoing, Respondents failed to comply with Exchange Act 

Section 13(a) and Rules 13a-1 and 13a-13 thereunder.
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III.

In view of the allegations made by the Division of Enforcement, the Commission deems 

it necessary and appropriate for the protection of investors that public administrative 

proceedings be instituted to determine: 

A. Whether the allegations contained in Section II hereof are true and, in connection 

therewith, to afford the Respondents an opportunity to establish any defenses to such 

allegations; and,

B. Whether it is necessary and appropriate for the protection of investors to suspend 

for a period not exceeding twelve months, or revoke the registration of each class of securities 

registered pursuant to Section 12 of the Exchange Act of the Respondents identified in Section 

II hereof, and any successor under Exchange Act Rules 12b-2 or 12g-3, and any new corporate 

names of any Respondents.

IV.

IT IS HEREBY ORDERED that a public hearing for the purpose of taking evidence on 

the questions set forth in Section III hereof shall be convened at a time and place to be fixed, 

and before an Administrative Law Judge to be designated by further order as provided by Rule 

110 of the Commission’s Rules of Practice [17 C.F.R. § 201.110].

IT IS HEREBY FURTHER ORDERED that each Respondent shall file an Answer to 

the allegations contained in this Order within ten (10) days after service of this Order, as 

provided by Rule 220(b) of the Commission’s Rules of Practice [17 C.F.R. § 201.220(b)].

If any Respondent fails to file the directed Answer, or fails to appear at a hearing after 

being duly notified, such Respondent, and any successor under Exchange Act Rules 12b-2 or 

12g-3, and any new corporate names of such Respondent, may be deemed in default and the 

proceedings may be determined against it upon consideration of the allegations of this Order as 

to such Respondent, which may be deemed to be true as provided by Rules 155(a), 220(f), 

221(f), and 310 of the Commission’s Rules of Practice [17 C.F.R. §§ 201.155(a), 201.220(f), 

201.221(f), and 201.310].

This Order shall be served forthwith upon Respondents by any means permitted by the 

Commission Rules of Practice.

IT IS FURTHER ORDERED that, pursuant to Rule 360(a)(2) of the Commission’s 

Rules of Practice, [17 C.F.R. § 201.360(a)(2)], the Administrative Law Judge shall issue an 

initial decision no later than thirty (30) days from the occurrence of one of the following events: 

(A) The completion of post-hearing briefing in a proceeding where the hearing has been 

completed; (B) Where the hearing officer has determined that no hearing is necessary, upon 

completion of briefing on a motion pursuant to Rule 250 of the Commission’s Rules of Practice, 

[17 C.F.R. § 201.250]; or (C) The determination by the hearing officer that a party is deemed to 

be in default under Rule 155 of the Commission’s Rules of Practice, [17 C.F.R. § 201.155] and 

no hearing is necessary. 
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In the absence of an appropriate waiver, no officer or employee of the Commission 

engaged in the performance of investigative or prosecuting functions in this or any factually 

related proceeding will be permitted to participate or advise in the decision of this matter, 

except as witness or counsel in proceedings held pursuant to notice. Since this proceeding is not 

“rule making” within the meaning of Section 551 of the Administrative Procedure Act, it is not 

deemed subject to the provisions of Section 553 delaying the effective date of any final 

Commission action.

By the Commission.

Brent J. Fields

Secretary