UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     LITIGATION RELEASE NO. 15582 / December 8, 1997

     SECURITIES AND EXCHANGE COMMISSION V. TRINITY GAS CORPORATION AND SIDNEY W.
     SERS, Civil Action No.4-97CV-1018Y (N.D. Tex., Fort Worth Division)

          The Securities and Exchange Commission today announced it has filed a
     civil action against Trinity Gas Corporation ( Trinity USA ) and its
     President and Chief Executive Officer, Sidney W. Sers ( Sers ), alleging
     violations of the antifraud and securities registration provisions of the
     federal securities laws, as well as five additional defendants named solely
     for purposes of relief ( Relief Defendants ).  The Commission is seeking
     temporary and permanent injunctive relief against Trinity USA and Sers, the
     appointment of a Temporary Receiver to operate and manage Trinity USA, and
     disgorgement of proceeds of securities sales from all defendants, as well
     as civil penalties from Trinity USA and Sers.

          The Commission's Complaint alleged that, from mid 1996 to the present,
     Trinity USA and Sers have violated Sections 5(a), 5(c), and 17(a) of the
     Securities Act and Section 10(b) of the Securities Exchange Act, as well as
     Rule 10b-5 thereunder, through the fraudulent sale of approximately $11
     million of Trinity USA securities to at least 250 investors residing in at
     least 13 states. In addition, the Complaint alleges that Sers violated the
     same provisions when he sold, on his own behalf and on behalf of the Relief
     Defendants, at least $5.8 million of Trinity USA securities by means of the
     Bulletin Board trading system of the National Association of Securities
     Dealers; and an additional 7.8 million shares through unlicensed salesmen.

          According to the Complaint, Trinity USA, a Brownwood, Texas oil and
     gas company, and Sers, have misrepresented to investors the financial
     condition of Trinity USA; the title to and conditions surrounding certain
     oil and gas drilling rights located near Cali, Colombia; the performance of
     two exploratory gas wells and the gas reserves claimed to be found at the
     drilling location; and efforts of Trinity USA to become a reporting
     company.  Trinity USA and Sers have failed to disclose, the Complaint
     alleges, the actual number of shares of Trinity USA issued and outstanding,
     the issuance to Sers and the Relief Defendants of millions of shares of the
     company for little, if any, consideration; or the use of at least $1
     million of Trinity USA funds for the personal benefit of Sers.

          On November 6, 1997, the Commission suspended trading in the
     securities of Trinity USA for a single ten day period.  Among the
     representations made by Trinity USA, alleged in the Complaint to be false
     and misleading, is the claim, made in a press release issued on November
     14, 1997, that "the company will continue, as it has in the past, to
     disclose accurate, material information to shareholders and other
     interested parties as soon as it becomes available.

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