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                SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 15114 / October 9, 1996

S.E.C. v. Axiom Security Solutions, Inc. and Paul L. Parshall,
Civil Action No. 2:96CV-0825J (USDC UT).

     The Commission announced that on October 1, 1996, the
Honorable Bruce S. Jenkins of the U.S. District Court for the
District of Utah entered Final Judgments of Permanent Injunction
against Axiom Security Solutions, Inc. (Axiom) and Paul L.
Parshall (Parshall). The defendants were enjoined from further
violations of Section 17(a) of the Securities Act of 1933 and
Section 10(b) of the Securities Exchange Act of 1934 and Rule
10b-5 promulgated thereunder.  Axiom and Parshall consented to
the injunctions without admitting or denying the Commission's
allegations.

     Parshall was also barred from serving as an officer or
director of a company filing reports with the Commission.  In
addition he must disgorge $150,000 and $7,594 in prejudgment
interest, and pay a civil penalty of $100,000.

     The Commission alleged that Parshall set up a new Utah
corporation, Republic International Corporation (New Republic),
to assume the identity of a defunct, but publicly traded, Utah
corporation with the same name (Old Republic).  Through his own
transfer agent, TransGlobal Securities, Inc., and working from a
shareholder list for Old Republic, Parshall issued common stock
in New Republic in the names of the shareholders of the defunct
Old Republic and then sold the newly created shell corporation to
Axiom, a private company, as a vehicle for taking it public.

     In addition, Parshall had New Republic assume the identity
of Old Republic for purposes of delivering information to market
makers and making filings with the Commission.  Parshall prepared
filings on Forms 10-K and 10-Q and caused New Republic to file
them with the Commission.  These filings falsely represented that
New Republic was, in fact, Old Republic.

     Finally, after its merger with the New Republic shell, Axiom
made filings on Forms 8-K and S-8 which contained material
misrepresentations regarding the use of proceeds from the S-8
offering.
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