Exhibit 10.74

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                            STOCK PURCHASE AGREEMENT

     AGREEMENT dated this 24th day of March,  1997 between URT INDUSTRIES,  INC.
("URT"),  a Florida  corporation  with  offices  at 1180 East  Hallandale  Beach
Boulevard,  Hallandale,  Florida 33009,  and PEACHES  ENTERTAINMENT  CORPORATION
("PEC"),  a Florida  corporation  with  offices  at 1180 East  Hallandale  Beach
Boulevard, Hallandale, Florida 33009.

          WHEREAS,  in January of 1996, PEC, all of whose outstanding  shares of
          Series  A and  Series B  preferred  stock  and more  than 85% of whose
          outstanding  shares of common stock are owned by URT, filed a petition
          for  reorganization  under  Chapter  11 of the  Bankruptcy Code in the
          U.S. District Court for the Southern District of Florida; and

          WHEREAS, a plan of reorganization  formulated by PEC, as modified (the
          "Plan") was approved by its creditors and was thereafter  confirmed on
          January 17, 1997 by the Court; and

          WHEREAS, in order to enable the Plan to be approved and confirmed,  it
          was necessary for URT to lend $700,000 to PEC upon the effective  date
          of  the  Plan,  to pay  $350,000  to PEC on  such  effective  date  as
          additional  capital  to  enable  it to  make a  portion  of  the  cash
          distributions  which  were  required  to be made  under the  Plan,  to
          guarantee  certain Allowed Claim Notes issued by PEC under the Plan to
          certain suppliers and to execute and deliver a subordination agreement
          among URT, PEC and such  suppliers  under which URT would  subordinate
          all  of its  rights  as a  creditor  of PEC  to  the  rights  of  such
          suppliers; and

          WHEREAS, in order to assist PEC during the  post-confirmation  period,
          URT also  agreed to waive its right to receive  dividends  from PEC at
          the  rate of 11%  per  annum  on the  2,500  shares  of the  Series  A
          preferred  stock of PEC  owned by URT and at the rate of 13% per annum
          on the 2,500  shares of the Series B  preferred  stock of PEC owned by
          URT,  for the period  from  January 1, 1996  through  March 31,  1997,
          amounting to a total of $75,000; and


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          WHEREAS,  URT agreed to provide all of the foregoing cash and benefits
          (the  "Consideration")  to PEC in exchange  for the issuance by PEC to
          URT of  additional  shares of common  stock of PEC having an aggregate
          value equal to the value of the Consideration; and

          WHEREAS,  the directors of each of the  corporations  have  determined
          that the value of the  Consideration  equals no less than $500,000 and
          that in exchange therefor,  URT should receive from PEC such number of
          additional  authorized  shares of the  common  stock of PEC  having an
          aggregate value of no less than such amount; and

          WHEREAS, it has been determined, based on various factors by the Board
          of Directors of each of such  corporations,  that 20,000,000 shares of
          the authorized common stock of PEC should be issued to URT in exchange
          for the Consideration; and

          WHEREAS,  the  parties  wish to set  forth  in this  document  certain
          agreements between them relating thereto,

          IT IS, THEREFORE, AGREED:

     1. Sale of Shares/Purchase Price.

     (a) URT agrees to  purchase  from PEC and PEC agrees to sell to URT for the
purchase price set forth herein,  20,000,000  shares of the common stock of PEC,
$.01 par value (the "Purchased  Shares").  Such sale shall be consummated by the
delivery to URT as promptly as practicable  after the date hereof of one or more
stock certificates representing the Purchased Shares.

     (b) The purchase  price for the Purchased  Shares is two and one half cents
($.025) per share, or an aggregate purchase price of $500,000.

     2. Consideration.

     PEC acknowledges  that the value of the Consideration is not less than Five
Hundred Thousand Dollars ($500,000) and that it has received all of the

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Consideration.

     3. PEC's Representations and Warranties.

     PEC  represents  and warrants that the execution of and  performance of its
obligations  under this  Agreement  have been duly  authorized  by all necessary
corporate  action and that upon their  issuance,  the  Purchased  Shares will be
fully paid and non-assessable.

     4. URT's Representations and Warranties.

     URT  represents  and  warrants  that  the  Purchased  Shares  have not been
registered or qualified for public  offering or sale under the Securities Act of
1933,  as  amended  (the  "Act")  or any  state  securities  laws and that it is
acquiring such Shares for investment only and solely for its own account and not
with a view to the offer or sale in connection with any distribution thereof and
that it will not sell or transfer or otherwise  dispose of any of the  Purchased
Shares  except  in  compliance  with  the  Act  and the  rules  and  regulations
promulgated  thereunder  or pursuant  to an  exemption  therefrom  and except in
compliance with applicable state securities laws.

     5. Legend.

     Both parties agree that the stock certificate or certificates  representing
the  Purchased  Shares  shall  bear an  appropriate  legend  in such form as the
Continental  Stock  Transfer & Trust Company shall deem  appropriate in order to
carry out the provisions of paragraph 4.

     6. Other Documents.

     Each party agrees to execute and deliver such other and further instruments
and take such other and further action as either party may reasonably request in
order to effectuate the provisions of this Agreement.

     7. Governing Law.

     This Agreement contains the entire agreement of the parties with respect to
its subject matter and shall be governed by the law of the State of Florida.

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     IN WITNESS WHEREOF,  each of the undersigned has executed this agreement as
of the date and year set forth above.

                                             URT INDUSTRIES, INC.

                                             By:     s/Brian Wolk
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                                             PEACHES ENTERTAINMENT CORPORATION

                                             By:     s/Jason Wolk
                                                  -------------------------


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