==========================================START OF PAGE 1====== SECURITIES AND EXCHANGE COMMISSION Washington, D.C. Litigation Release No. 15014 / August 12, 1996 SECURITIES AND EXCHANGE COMMISSION v. ANGELO A. CORONATO, LAURENCE W. CORONATO, ROBERT ROGOFF AND JOSEPH V. CUSENZA, Civil Action No. 95-357 (District of New Jersey)(JEI)(JBR) The Securities and Exchange Commission ("Commission") announced that Angelo A. Coronato ("Coronato") and Laurence W. Coronato ("LW Coronato"), without admitting or denying the allegations contained in the January 24, 1995 Commission's Complaint in this matter, consented to the entry of an Order of Final Judgment of Permanent Injunction and Other Equitable Relief as to Coronato and LW Coronato, which permanently restrains and enjoins them from violating Section 10(b) of the Exchange Act of 1934 ("Exchange Act") and Rule 10b-5 promulgated thereunder. Coronato also agreed to disgorge the sum of two hundred thousand dollars ($200,000), representing losses avoided from transactions in RCM Technologies, Inc. ("RCM") common stock by Coronato, as alleged in the Complaint, plus prejudgment interest. Similarly, LW Coronato agreed to disgorge the sum of $18,367.00, representing losses avoided by his sale of RCM securities as alleged in the Complaint, together with prejudgment interest of $6,351.40, for a total of $24,718.40. Furthermore, LW Coronato agreed to pay a civil penalty pursuant to the Insider Trading Sanctions Act of 1984 [15 U.S.C. 78u(d)(2)(a)]. The Complaint alleges that Angelo A. Coronato, Laurence W. Coronato, Robert Rogoff and Cusenza sold the securities of RCM while in possession of material nonpublic information concerning the preliminary results of an independent study which concluded that a pollution control process developed by RCM, known as "System 99," was not technically feasible or commercially viable. Each of the defendants sold RCM stock after the preliminary results of the study first became known to any of them on June 18, 1992 and prior to the public disclosure of the adverse news on July 6, 1992, thereby avoiding losses. Previously, Robert Rogoff and Joseph V. Cusenza, without admitting or denying the allegations contained in the Commission's Complaint, consented to the entry of an Order of Final Judgment of Permanent Injunction and Other Equitable Relief, including the disgorgement of losses avoided.