Release:#3921-96 (Civ 95-6221 SD Fla.)

For Release:June 20, 1996

CFTC CHARGES OSTER COMMUNICATIONS INC. d/b/a FUTURE SOURCE WITH
    COMMITTING FRAUD AND WITH REGISTRATION VIOLATIONS IN CONNECTION WITH SALE
    AND MARKETING OF JDI LIMITED'S "MICRO-TRADING SYSTEM"

Florida District Court Judge Grants CFTC a Permanent Injunction
    Against Oster Whereby Oster Agrees to Disgorge at Least $670,000 of Funds
    Received from Customers Related to the Sale of JDI's Computerized Trading
    Program

CFTC, Simultaneous with the Civil Settlement, Files Administrative
    Order

WASHINGTON -- The Commodity Futures Trading Commission (CFTC) and the
    Florida Attorney General announced today that they filed an amended civil
    complaint in CFTC vs. JDI Limited Inc. d/b/a Future Vision et al.,
    charging Oster Communications Inc., an Iowa corporation based in
    Cedar Falls, Iowa, d/b/a Future Source and Future Source Information
    Systems, Inc. (FSIS), with acting as an unregistered commodity trading
    advisor (CTA) and violating the anti-fraud provisions of the Commodity
    Exchange Act (CEA) and CFTC regulations by joining with and aiding and
    abetting JDI Limited of Fort Lauderdale, Florida, d/b/a Future Vision, in
    the sale, marketing, and support of JDI's computerized trading program --
    the "Micro-Trading System" (MTS).

FSIS is headquartered in Lombard, Illinois, and is a wholly owned
    subsidiary of Oster Communications Inc. (Oster). FSIS leases computer
    software systems for trading commodity futures contracts, and supplies
    traders with electronic access to commodity quotes. Prior to September
    1995, Oster conducted these operations through an unincorporated division
    of the company called Future Source. Oster also publishes the trade journal
    FUTURES magazine and was registered with the CFTC as a commodity
    trading advisor (CTA) from June 1982 to June 1990. Neither FSIS nor Future
    Source has ever been registered with the CFTC.

Simultaneous with the filing of the amended complaint, Oster agreed to
    settle the action by consenting to an order of permanent injunction, which
    was entered on June 19, 1996, by the Honorable Jose A. Gonzalez, U.S.
    District Judge for the Southern District of Florida. The CFTC case against
    JDI and the individual defendants is still being litigated.

The original complaint, filed in March 1995 (see CFTC News Release
    3824-95), charges that JDI and two individual defendants solicited
    customers to purchase the MTS to trade Swiss franc currency futures without
    registering as CTAs and that JDI's customers were falsely told that
    defendants, and others who had purchased the MTS, had made substantial
    profits using the system, including that customers could expect 80 percent
    of their commodity trades to be successful, thereby earning daily profits
    of between $625 and $1,250.

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Specifically, the permanent injunction enjoins Oster and its affiliates
    and subsidiaries, including FSIS, from violating CEA provisions and CFTC
    regulations that

1) require persons who provide advice to others regarding the trading of
    commodity futures contracts to register with the CFTC as CTAs, and 2)
    prohibit fraud in connection with the dissemination of that advice and the
    purchase and sale of commodity futures contracts. The court's order also
    compels Oster to disgorge all funds it received from customers in the JDI
    complaint to the CFTC and the Florida Attorney General for the benefit of
    customers, totalling at least $670,000. Oster also is ordered to pay
    $30,000 in attorneys fees and costs to the Florida Attorney General.

CFTC Administrative Order Finds that Oster, d/b/a Future Source, Was
    Required to Register as a CTA and Violated the Anti-fraud Provisions of the
    CEA

In addition to the civil litigation and settlement, the CFTC issued an
    administrative order against Oster concluding that Oster violated the CEA's
    anti-fraud provisions and failed to register as a CTA, as required by the
    CEA. The Commission's order finds that from at least February 1994 to March
    1995, Oster effectively joined JDI in the sale, marketing and support of
    MTS by, among other things:

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supplying JDI with computer hardware and software and commodity quotes
    at no charge for demonstrations and training;

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distributing MTS promotional material and collecting the names and
    addresses of prospective customers;

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permitting JDI to retain customer security deposits to defray marketing
    expenses;

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providing post training support, technical and otherwise, to customers
    for MTS and Oster's own products; and

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leading customers to believe that both JDI and Oster were engaged in the
    development and marketing of MTS.

To settle the administrative complaint, Oster, without admitting or
    denying the charges and the findings, agreed to:

cease and desist from violating the CEA and CFTC regulations charged;
    and

not to directly or jointly with others provide advice concerning
    commodity futures and options contracts without being registered with the
    Commission as a CTA.

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Also Available: full text of the
    Commission's Action.