==========================================START OF PAGE 1====== UNITED STATES SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 15087 / September 27, 1996 SEC v. Telecom Marketing, Inc., Telecom Industries, Inc., Barry Smith, Midas Media, Inc., Jeffrey Jolcover, Century Wireless Communications Corp., Ron Schroeder, Tri-Star Communications, Inc., Paul Iwankowski, Brixel, Inc., and John Field, IV (N.D. Ga., Civil Action No. 1:95-CV-0804-ODE) The Securities and Exchange Commission announced today that on September 17, 1996, the Honorable Orinda D. Evans, United States District Judge for the Northern District of Georgia, entered orders of permanent injunction enjoining Barry Smith ("Smith"), Paul Iwankowski ("Iwankowski") and Tri-Star Communications, Inc. ("Tri-Star") from violating the anti-fraud provisions of the Securities Act of 1933 ("Securities Act") and the Securities Exchange Act of 1934 ("Exchange Act"). The Court permanently enjoined Smith from violating Sections 5 and 17(a) of the Securities Act, and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. Iwankowski and Tri-Star were each enjoined by the Court from violations of Sections 5 and 17(a) of the Securities Act, and Sections 15(a)(1) and 10(b) of the Exchange Act and Rule 10b-5 thereunder. Each defendant consented to the relief without admitting or denying the allegations set forth in a complaint filed by the Commission on March 28, 1995. The Court further ordered disgorgement of the ill-gotten gains amassed by each of the three defendants along with prejudgment interest thereon. The Court ordered Smith to pay disgorgement in the amount of $280,000 representing the proceeds he received from the sale of interests in wireless cable projects, and to disgorge all ownership interests held by Smith in the Mobile Wireless Partners General Partnership and the Wisconsin Wireless Partners General Partnership. Based upon sworn representations by Smith concerning his inability to pay the entire disgorgement, the Court waived payment of all but $10,800 of the disgorgement, along with any partnership interests and prejudgment interest. No civil penalties were imposed. Iwankowski was ordered to pay $73,326.12 representing the proceeds he received from the sale of interests in wireless cable projects. Based upon sworn representations by Iwankowski concerning his inability to pay the entire disgorgement, the Court waived payment of all but $40,414.98 of the disgorgement and prejudgment interest. Civil penalties were not imposed by the Court. The Court also ordered Tri-Star to pay disgorgement in the amount of $1,075,130.31 but then waived payment of the disgorgement and prejudgment interest based upon sworn representations by Tri-Star concerning its inability to pay. ==========================================START OF PAGE 2====== In its complaint, the Commission alleged that Smith, Iwankowski and Tri-Star obtained funds from investors by misrepresenting or failing to disclose material facts in connection with the promotion, offer and sale of general partnership interests in ventures formed to create "wireless cable" television systems.