SECURITIES AND EXCHANGE COMMISSION
                                   Washington, D.C.

             Litigation Release No.  16018  /  January 7, 1999

             SECURITIES AND EXCHANGE COMMISSION v. WAYNE F. GORSEK,
             LYNDELL PARKS, P. BRENDEN GEBBEN, AND TROY JUSTUS, United
             States District Court for the District of Columbia, Civil
             Action No.: 99CV00033 (EGS) (D.D.C. January 7, 1999).

             SEC CHARGES STOCK PROMOTERS WITH FRAUD, CONTINUING ITS FIGHT
             AGAINST INTERNET AND MICROCAP ABUSES

                  The Securities and Exchange Commission today filed
             fraud charges against former owners and associates of stock
             promoter Strategic Investment Advisory, Inc. ("SIA") for
             providing ostensibly independent recommendations about
             microcap companies that were actually bought and paid for.
             The SEC alleges that the defendants distributed their
             recommendations through tout sheets, scripted conference
             calls, Internet promotion, and extensive fax and telephone
             campaigns.

                  In its complaint, the Commission alleges that between
             1993 and 1997, in exchange for cash and securities in excess
             of $700,000, the defendants fraudulently promoted
             approximately 20 microcap companies through SIA, a
             Springfield, Illinois-based company.  The SEC alleges that
             SIA deceived investors into believing that it was an
             independent securities research firm providing objective
             investment advice about "undiscovered" companies.  In fact,
             the SEC alleges, SIA was merely a paid promotional firm that
             uncritically published glowingly optimistic recommendations
             of the securities of its clients in exchange for cash and
             securities.  The SEC alleges that in some instances SIA
             secretly sold the securities it received from its microcap
             clients at the same time it was recommending that the public
             buy the securities, an illegal practice known as "scalping."

                  The defendants, charged in the United States District
             Court for the District of Columbia, are Wayne F. Gorsek, the
             former owner, CEO, and President of SIA, Lyndell Parks, the
             former Chief Operating Officer and part-owner of SIA, P.
             Brenden Gebben, a former Lead Analyst and Assistant Director
             of Research for SIA, and Troy Justus, a former member of
             SIAs Financial Communications Department and a registered
             broker at Strategic Investments, Inc. ("Strategic
             Investments"), a broker-dealer owned by Gorsek and Parks.

                  According to the SEC, in consideration for its
             services, SIA typically received a block of company stock
             from its issuer-clients and often negotiated extra stock
             payouts if SIA was successful in pushing the price of the
             stock to certain pre-set target prices.  To inflate the
             price of its clients stock, and in turn maximize its own
             compensation, the defendants distributed tout sheets
             disguised as independent research reports, ran their
             "recommendations" to buy the stock in the financial press,
             promoted the securities through postings on Internet
             bulletin boards and financial news pages, hosted scripted
             "analyst" conference calls, and conducted extensive fax and
             telephone campaigns.  In each instance, the SEC alleges, the
             defendants failed to disclose adequately that they had
             received compensation paid from their issuer-clients or the
             fact that they were selling the securities they were
             recommending to the investing public.  The SEC also alleges
             that Gorsek published information that he knew, or was
             reckless in not knowing, was false and misleading.


                  The SEC alleges that at the same time they were engaged
             in SIAs promotional scheme, Gorsek, Parks and Justus worked
             as registered representatives at Strategic Investments.  As
             brokers at Strategic Investments, Gorsek, Parks and Justus
             defrauded their customers by pushing the highly-speculative
             microcap stocks of SIA clients on their brokerage customers
             without disclosing that they received cash and securities
             from the issuers of the securities that they were
             recommending; to further the scheme, Gorsek, Parks and
             Justus provided their customers with SIAs mock research
             reports and other false and misleading information.

                  The SEC alleges that the defendants conduct violated
             the antifraud provisions of the federal securities laws,
             Section 17(a) of the Securities Act of 1933 and Section
             10(b) of the Securities Exchange Act of 1934 and Rule 10b-5
             thereunder.  The Commission further alleges that the
             defendants violated the prohibition against touting
             securities while failing to adequately disclose that such
             activity was paid for by the issuers of the securities,
             Section 17(b) of the Securities Act of 1933.

                  The Commissions action asks the court to permanently
             restrain and enjoin the defendants from future violations of
             Sections 17(a) and 17(b) of the Securities Act, and Section
             10(b) and Rule 10b-5 of the Exchange Act, and further seeks
             an order requiring the defendants to pay disgorgement, with
             prejudgment interest, and civil penalties.

                  As the SEC also alleges that SIA spread some of its
             bogus promotions over the Internet, investors are advised to
             read the SECs "Cyberspace" Alert before purchasing any
             investment promoted on the Internet.  The free publication,
             which alerts investors to the telltale signs of online
             investment fraud, is available on the Investor Assistance
             link on the SECs Home page on the World Wide Wed
             <www.sec.gov>.  To receive a copy of this useful publication
             call 800-SEC-0330.

                  Investors are encouraged to report suspicious Internet
             offerings (or other suspicious offerings) via e-mail to
             <enforcement@sec.gov>.  A user-friendly form to assist in
             making a report is available at the Enforcement Complaint
             Center on the Enforcement Division link on the SEC Home Page
             <www.sec.gov>.  Investors can also mail a report to the
             SECs Enforcement Complaint Center, Mail Stop 8-4, 450 Fifth
             Street, Washington, D.C.  20549.

                  This Enforcement action is also part of the
             Commissions four-pronged approach to minimizing Microcap
             fraud:  enforcement, inspections, investor education and
             regulation.  For more information about the SECs response
             to Microcap fraud, visit the SECs Microcap Fraud
             Information Center at http://www.sec.gov/news/extra/microcap.htm.