==========================================START OF PAGE 1======

         UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 15212 / January 9, 1997   

SEC v. James S. Faller II and Rolan Colon,
(S.D. Fla., Civil Action No. 96-7125-CIV-Nesbitt)

     The Securities and Exchange Commission announced today that
on December 18, 1996, the Honorable Lenore C. Nesbitt, United
States District Judge for the Southern District of Florida,
entered an order of permanent injunction enjoining James S.
Faller II ("Faller") from violating Section 17(a) of the
Securities Act of 1933 and Section 10(b) of the Securities
Exchange Act of 1934 and Rule 10b-5 thereunder.

     The Court further ordered Faller to pay disgorgement in the
amount of $9,028, plus prejudgment interest thereon, representing
gains alleged to have been received by Faller following his
purchase of 20,000 shares of Evro Corporation ("Evro") common
stock while in possession of material non-public information
concerning Evro.

     Faller consented to the relief without admitting or denying
the allegations set forth in a complaint filed by the Commission
on September 30, 1996.  The complaint alleged that Faller and his
co-defendant, Rolan Colon ("Colon"), while acting as consultants
for Evro, caused the corporation to issue a false press statement
stating that Evro had obtained a $30 million loan commitment from
a European trust to finance the development and sale of Evro
products.  The complaint further alleged that Faller and Colon
knew that the purported loan commitment was fictitious and that
no such loan was ever made to Evro.  The press release caused an
immediate and positive rise in the price of Evro common stock at
which time Faller sold his shares of the corporation's stock.