U.S. Securities and Exchange Commission


Litigation Release No. 15232 / January 30, 1997    

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 January 10, 1997, the Honorable Orinda D. Evans, United States
District Judge for the Northern District of Georgia, entered
separate orders of permanent injunction enjoining defendants,
Telecom Marketing, Inc. ("TMI"), Telecom Industries, Inc.
("TII"), Midas Media, Inc. ("Midas"), Brixel, Inc. ("Brixel") and
John Field, IV ("Field") 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 TMI, TII and Midas from violating Sections 5
and 17(a) of the Securities Act, and Section 10(b) of the
Exchange Act and Rule 10b-5 thereunder.  Brixel and Field were
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 which alleged that the defendants
misrepresented or failed to disclose material facts to investors
in connection with the promotion, offer and sale of general
partnership interests in ventures formed to create "wireless
cable" television systems.
     The Court further ordered the five defendants to pay
disgorgement, plus prejudgment interest, on the gains alleged to
have been received by each of them from the scheme.  The Court
ordered payment of disgorgement from TMI, TII and Midas as
follows: TMI to pay $1,653,000; TII to pay $2,306,000; and Midas
to pay $10,200,000, with the disgorgement representing the
alleged proceeds received from the sale of interests in wireless
cable projects, along with prejudgment interest thereon.  Each of
the three defendants was ordered to disgorge any ownership
interests held in the Mobile Wireless Partners General
Partnership and the Wisconsin Wireless Partners General
Partnership.  Upon sworn representations of an inability to pay
the disgorgement by TMI, TII and Midas, the Court waived payment
of the disgorgement and prejudgment interest thereon.  Civil
penalties were not imposed on the three corporations by the
Court.
     Defendant Brixel was ordered by the Court to pay
disgorgement in the amount of $310,392, along with prejudgment
interest thereon.  Payment of all but $1,500 of the disgorgement
and prejudgment interest was waived based upon Brixel's sworn
financial statement attesting to its inability to pay the entire
amount.  Field was ordered to pay disgorgement in the amount of
$255,569.23, along with prejudgment interest thereon, with all
but $15,000 of the disgorgement and prejudgment interest waived
by the Court upon Field's sworn statements and his inability to
pay the entire disgorgement.  No civil penalties were imposed on
Brixel and Field.
See also, L.R. No. 14451 (March 29, 1995) and L.R. No. 15087
(September 27, 1996)