EMPLOYMENT AGREEMENT WITH MICHAEL P. McANDREWS

EMPLOYMENT AGREEMENT ("Agreement") made and entered into as of the 3rd 
day of September, 1997 by and between Sigma Alpha Group, Ltd., a Delaware 
corporation  ("Company"), and Mike McAndrews  ("Executive").  

WHEREAS, Company desires to employ Executive as its President and 
Executive desires to be employed by Company, upon the terms and conditions 
hereinafter set forth.  

NOW, THEREFORE, in consideration of the mutual covenants and agreements 
set forth and the mutual benefits to be derived herefrom, and intending to be 
legally bound hereby, the Company and the Executive agree as follows:  

	1.	Employment and Term.  Company hereby employs Executive and 
Executive hereby accepts employment for a term commencing on October 1, 1997 
and continuing until September 30, 2000, unless sooner terminated as provided 
for in this Agreement.  Company and Executive have the option to renegotiate 
this Agreement beyond the three-year period.  Executive hereby warrants and 
represents to Company that he is free to enter into this Agreement and is not a
party to any agreement, written or otherwise, or bound by any restrictions, 
which limit or restrict him from entering into this Agreement or performing the
services, duties and responsibilities called for hereunder.    

	2.	Duties.  
 		
            2.1     Executive shall perform the duties of the President of the 
Company and such additional executive duties of Company and its affiliates as 
may be, from time to time, requested of him by the Company's Board of Directors
or the Chairman and/or Chief Executive Officer of the Company.  As President of
the Company, the Executive shall report to the Chairman/CEO of the Company.

	    	2.1.1  The duties as President of the Company shall include but not 
be limited to (i) having general and active management of the business of the 
Company (ii) seeing that all orders and resolutions of the Board are carried 
into effect, subject however, to the right of the directors to delegate any 
specific powers, except such as may be by statute exclusively conferred on the 
President, to any other officer or officers of the Company (iii) executing 
bonds, mortgages and other contracts requiring a seal, under the seal of the 
Company (iv) be Ex-Offico a member of all committees (v) have the general 
powers and duties of supervision and management usually vested in the office of 
President of the a Company (vi) assist the Board of Directors, Chairman/CEO in 
formulating the business plan, goals and objectives for the Company's future 
growth.
   
            2.2  Executive shall devote his full professional time and best 
efforts to the performance of his duties and responsibilities hereunder to 
advance the interests of the Company and shall not during the term of this 
Agreement (as defined in Section 1 hereof) be employed, involved or otherwise 
engaged in, either directly or indirectly, any other employment for gain, 
profit or other pecuniary advantage, without prior written consent of Company.
At no time 



<PAGE>

shall Executive engage in any activity that conflicts with the business of the 
Company or its affiliates.  Nothing set forth in this section 2.2 shall be 
construed to prevent Executive from (i) acting as a member of Board of Trustees
or a member of Board of Directors of any other corporation, or as a member of 
the Board of Trustees of any organization or entity which is not a competitor 
of the Company or (ii) devoting of such of Executive's time and attention to 
philanthropic, charitable, civic, community or other activities or endeavors as
Executive shall reasonably determine but only to the extent that Executive's 
pursuance of any activities or endeavors does not materially and adversely 
effect the Executive's ability to perform and discharge Executive's duties and 
objectives to the Company hereunder.

            2.3	Except for required travel on Company business or unless 
Company agrees otherwise, Executive shall perform his duties and 
responsibilities at the Company's principal executive offices located in the 
greater Philadelphia area.  The Company shall furnish Executive with office 
space, secretarial assistance, a personal computer, and such other facilities 
and services as shall be suitable to Executive's position and adequate for the 
performance of his duties hereunder.

            2.4	Within one (1) year from the date of this Agreement, the 
Company shall submit Executive's name for consideration to be appointed to the 
Board of Directors of the Company; and support Executive's nomination for a 
Board of Directors position at the next scheduled annual meeting of Company 
shareholders.

	3.	Compensation.  For all duties and responsibilities to be performed 
and/or assumed by Executive hereunder, Executive shall be entitled to receive 
an annual salary as set forth below ("Base Salary").  The Base Salary, less any
sums required to be withheld by law, shall be payable in equal monthly 
installments or such other more frequent regular installments as the Company 
may, from time to time, determine.  For purposes hereof, Base Salary shall be:

			3.1.1	For the twelve-month period commencing with the date 
hereof, the Base Salary shall be Two Hundred and Forty Thousand Dollars 
($240,000).  

			3.1.2	For each year thereafter, the Base Salary shall be 
increased by an amount determined by the Board of Directors but in no event 
less than (i) nine percent (9%) after the first year, ten percent (10%) after 
the second year and each year thereafter upon mutual agreement to extend the 
term.  Each percentage increase for a particular year shall be based on the 
Base Salary for the immediately preceding year.  

      4.	Fringe Benefits.  Company shall pay for or provide Executive with 
the following benefits:  

		4.1	For the first year, Executive shall be entitled to three (3) 
weeks paid vacation to be used at the Executive's discretion.  Thereafter, 
Executive shall be entitled to four (4) weeks paid vacation during each full 
year of this Agreement to be used at the Executives discretion.  Vacation time 
shall accrue on a pro-rata basis during each year of this Agreement.  Any 
unused vacation shall be cumulative from year to year unless otherwise agreed 
upon by the parties.  




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		4.2	Health and hospitalization insurance established and 
maintained by the Company for its senior executives and key management 
personnel.  Since the Company presently does not have, in effect, a plan for 
health and hospitalization insurance, Company shall reimburse Executive for all
COBRA payments made by Executive to his previous employer for health and 
hospitalization coverage for Executive and his family.  Thereafter, Company 
shall either secure and maintain health and hospitalization insurance for 
Executive and his dependents or reimburse Executive for coverage comparable to 
Pennsylvania Blue Shield/Blue Cross for Executive and his dependents. 
		
            4.3  Such other employee benefits maintained by the Company for its
senior executives and key management employees, including, all pension, profit 
sharing, retirement, stock bonus and stock option plans, to the extent 
Executive is eligible to participate pursuant to the terms and conditions of 
such plans.  

            4.4  Executive shall be reimbursed in a timely manner for all items
of travel, entertainment and miscellaneous expenses which Executive reasonably 
incurs in connection with the performance of his duties hereunder, provided 
that the Executive submits to the Company such statements and other evidence 
supporting said expenses as the Company my reasonably require.  Executive, when
traveling on Company business, shall be permitted to fly first class on all 
domestic flights and business class on all international flights. 

            4.5	Executive shall be reimbursed in a timely manner for all 
reasonable moving expenses actually incurred by Executive in relocating the 
Executive and his family to the Philadelphia area ("Relocation Expenses").  The
Relocation Expenses shall include the cost of temporary residence, a moving 
company and related expenses.  The total Relocation Expenses for which 
Executive shall be reimbursed shall not exceed $50,000 and shall be approved in
writing, in advance, by the Company.  In addition, the Company will pay cost of
furnished 2-bedroom apartment in Philadelphia area (Residence Inn) for a period
of time prior to Executive establishing a Philadelphia area residence. 

      5.	Stock Options.

		5.1	As part of Executive's compensation for services to be 
rendered hereunder, Executive shall have the right and option to purchase from 
Company voting common stock in Company ("Option").  The total number of shares 
available to Consultant under this Option is Five Hundred Thousand Shares 
(500,000) at a purchase price per share based on the market price of Company 
shares on the date of this Agreement (Option Shares").  The Option Shares are 
available for purchase in installments as listed in Column A below and each 
installment shall become vested on the corresponding date listed in Column B, 
as follows:   
                 Column A                            Column B
             Number of Shares	                 Date Option Shares 
         Available for Purchase                   Become Vested 

                  125,000                  Upon the commencement of
                                           Executive's employment pursuant to 
                                           the terms of this Agreement

                  175,000                  First anniversary date of
                                           this agreement	

                  200,000                  Second anniversary date of
                                           this agreement
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In order for the Option Shares to become vested as provided for above, 
Executive must be employed by the Company under the terms of this Agreement as 
of the vesting date set forth in Column B above.  

		5.2	Except as otherwise provided for below, the term of the 
Option granted shall remain in effect for ten (10) years from the date on which
such Option Shares become vested.  If the Executive's employment with the 
Company is terminated by the Company for Cause (as defined herein) or by the 
act of Executive, the Executive's right to exercise vested Option Shares shall 
cease and become null and void within thirty (30) days of the date employment 
terminated, except as otherwise provided in Section 5.3 hereof.  All unvested 
Option Shares will terminate immediately as of the date of such termination of 
employment.  In the event the Company receives, accepts and consummates a 
tender offer for all of its outstanding common stock prior to the vesting of 
the Option Shares, the vesting rights shall be accelerated so as to allow 
Executive to exercise the Option to purchase all of the Option Shares 
immediately prior to the consummation of such tender offer.  

		5.3	Notwithstanding anything in this Section 5 to the contrary, 
if the Executive's employment is terminated for Cause, as set forth in Section 
6.3, the Company shall have the right to terminate and withdraw any vested or 
unvested Options under this Agreement.  

      	5.4	The purchase price of the Option Shares shall be paid in full 
upon the exercise of the Option, and Company shall not be required to deliver 
certificates for such Option Shares until payment has been made.  In addition 
to, and at the time of payment of the purchase price for such Option Shares, 
Executive shall be responsible for all federal and state withholding or other 
employment taxes applicable to the taxable income of such Executive and any 
other fees resulting from the exercise of the Executive.  
       
		5.5	Each share of Option Stock purchased pursuant to the terms 
hereof shall carry all appropriate registration and/or restrictions on sale and
notices as determined from time to time by Company's securities counsel.  
Executive shall cooperate with Company and Company's counsel in complying with 
all applicable securities laws.  

	6.	Termination of Employment.  The employment of Executive and
Company's liability and obligations hereunder shall terminate as follows:  

		6.1	This Agreement shall terminate immediately upon the death of 
Executive.  In such event, Company shall pay to such person as Executive may 
designate in a written notice filed with the Company, or if no such person 
shall be designated, to Executive's estate, a lump sum death benefit in an 
amount equal to twelve (12) months of Executive's Base Salary as in effect on 
the date of Executive's death and double indemnity in event Executive's death 
occurs while traveling on Company business.  

            6.2   This Agreement shall terminate immediately upon the 
Disability of Executive.  Disability shall exist if due to a mental or physical
condition, Executive is determined to be unable to perform his duties and 
responsibilities hereunder for a continuous period of two (2) months.  
Disability shall be conclusively established by written certification by two 
(2) licensed, disinterested physicians selected as mutually agreed upon between
Company and Executive.  In the event the two (2) physicians



<PAGE>

disagree, a third physician shall be selected by the two physicians to break 
such impasse.  The costs associated with the determination of Disability shall 
be borne equally between Company and Executive.  In the event of Disability, 
Executive shall be entitled to receive his Base Salary in accordance with 
Section 3 for a period of six (6) months following the onset of Disability.  

	6.3	The Company may discharge the Executive for Cause and thereby 
immediately terminate his employment under this Agreement.  For purposes of 
this Agreement, Company shall have "Cause" to terminate the Executive's 
employment if the Executive, in the reasonable judgment of the Company: 

			6.3.1	Willfully fails to perform any reasonable directive of 
the Company's Board of Directors, Chairman or Chief Executive Officer.  

			6.3.2	Materially breaches any of the agreements, duties, 
responsibilities or obligations under this Agreement.

			6.3.3	Embezzles or converts to his own use any funds or 
property of the Company or any client or customer of the Company.

			6.3.4	Is convicted of a felony or any crime involving 
larceny, embezzlement or moral turpitude.  

		6.4	In the event that Executive's employment is terminated by the 
Company without Cause, as defined in Section 6.3, above, for a reason other 
than death or Disability, or  Executive shall resign for "Good Reason", as 
defined below, then, in such event:  

			6.4.1	Executive's Base Salary, as defined in Section 3 as 
then in effect, shall continue to be paid for a period of twelve (12) months 
("Payment Period") or balance of Agreement whichever is longer.  

			6.4.2	Company shall maintain in effect during the Payment 
Period, for the continued benefit of the Executive, all of the employee benefit
plans and programs in which the Executive was entitled to participate 
immediately prior to the Executive's termination provided same is possible 
under the general terms and provisions of such benefit plans and programs.  
Moreover, during the Payment Period the Company shall provide the Executive 
with such reasonable administrative and secretarial support services as may be 
necessary or appropriate in order to assist Executive in finding new employment
or Executive may select an out-placement service to be paid for by the Company 
at a cost not to exceed Five Thousand Dollars ($5,000).


For purposes of this Section 6.4, "Good Reason" shall mean: 
	
			(i) An assignment to the Executive of any duties inconsistent 
with, or a material change in the nature or scope of, Executive's 
responsibilities, authority or duties hereunder.

			(ii) Failure by the Company to comply with the provisions of 
this Agreement.  

			(iii) Ill health of Executive or a member of his family, or 
any other compelling personal circumstance which, in the mutual discretion of 
the Executive and the Chairman of the Company, makes the Executive's continued 
employment hereunder impossible, or inappropriate. 

<PAGE> 

		6.5	Executive may voluntarily terminate his employment under this 
Agreement without Good Reason, as defined in Section  6.4 above, by giving the 
Company ninety (90) days prior written notice thereof, and upon the expiration 
of such ninety (90) day period, Executive's employment under this Agreement 
shall terminate, and Company shall have no further obligation or liabilities 
under this Agreement except to pay the Executive the portion, if any, that 
remains unpaid of the Base Salary and unpaid accrued prorated vacation for the 
period up to the date of termination.  Resignation as defined herein must be in
written form to the Board, witnessed and signed by the Executive.  

	7.	Surrender of Books and Records.  Executive acknowledges that all 
lists, books, records, literature, products and any other materials owned by 
Company or its affiliates or used by them in connection with the conduct of 
their business, shall at all times remain the property of Company and its 
affiliates and that upon termination of employment hereunder, irrespective of 
the time, manner or cause of said termination, Executive will surrender to 
Company and its affiliates all such lists, books, records, literature, products
and other materials. 
	

      8.	Miscellaneous.  

		8.1	Any notice, demand or communication required or permitted 
under this Agreement shall be in writing and shall be sufficient when delivered
personally, or three (3) days after mailing by registered or certified mail, 
return receipt requested, or the next day if sent by nationally recognized 
overnight courier with proof of delivery, in each case postage prepaid, 
addressed as follows: 

			If to the Company: 
			
   Sigma Alpha Group, Ltd.
			1341 N. Delaware Avenue
			Philadelphia, PA 19125
			Attn.: Peter S. Pelullo, Chairman/CEO

			If to the Executive: 

			Mike McAndrews 
			2020 Parkside Circle South
			Boca Raton, FL.  33486

The foregoing addressees may be changed at any time by notice given in the 
manner herein provided.  

		8.2	This Agreement constitutes the entire understanding and 
agreement between Company and Executive regarding its subject matter and 
supersedes all prior negotiations and agreements, whether oral or written, 
between them with respect to its subject matter.  This Agreement may not be 
modified except by a written agreement signed by the Executive and the Company.

		8.3	This Agreement shall be binding upon and inure to the benefit 
of the parties and their respective heirs, executors, successors and assigns, 
except that this Agreement may not be assigned by the Executive. 




<PAGE>

		8.4	No waiver by either party of any condition or of the breach 
by the other of any term or covenant contained in this Agreement, whether by 
conduct or otherwise, in any one or more instances shall be deemed or construed
as a further or continuing waiver of any such condition or breach or a waiver 
of any other condition, or the breach of any other term or covenant set forth 
in this Agreement.  Moreover, the failure of either party to exercise any right
hereunder shall not bar the later exercise thereof.  

		8.5	This Agreement shall be governed by the statutes and common 
laws of the Commonwealth of Pennsylvania, excluding it's choice of law statutes
or common law.  

		8.6	The headings of the various sections and paragraphs have been 
included herein for convenience only and shall not be construed in interpreting
this Agreement. 

		8.7	If any provision of this Agreement shall be held invalid or 
unenforceable, the remainder of this Agreement shall, nevertheless, remain in 
full force and effect.  If any provision is held invalid or unenforceable with 
respect to particular circumstances, it shall, nevertheless, remain in full 
force and effect in all other circumstances.  

		8.8 	This Agreement may be executed in several counterparts, each 
of which shall be deemed to be an original but all of which together will 
constitute one and the same instrument.  

IN WITNESS WHEREOF, this Agreement has been executed by the Executive and on 
behalf of the Company by its duly authorized officer on the date first above 
written.  

ATTEST:                                       SIGMA ALPHA GROUP, INC.
      s/Ernest Cimadamore                     s/Peter S. Pelullo
By:   _______________________           By:   __________________________
      Ernest Cimadamore                       Peter S. Pelullo
      Secretary                               Chairman/CEO


                                              s/Michael P. McAndrews
                                              __________________________
                                              Michael P. McAndrews