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

             U.S. Securities and Exchange Commission

Litigation Release No. 15293  / March 14, 1997  

SEC v. TransAmerica Wireless Systems, Inc., Intercontinental
Telecommunications Corp., and Danny Sterk,                  
(S.D. Fl., Civil Action No. 94-6805-CIV-GONZALEZ)

     The Securities and Exchange Commission announced today that
on March 4, 1997, the Honorable Jose A. Gonzalez, U.S. District
Judge for the Southern District of Florida, entered an Order
Adjudicating Defendant Danny Sterk In Civil Contempt and Ordering
His Incarceration Under Certain Circumstances and Referring the
Matter to U.S. Attorney's Office.  The Court entered the Order
after three hearings were held in January and February 1997 on
the Court's August 6, 1996 and September 19, 1996 Orders to Show
Cause why the defendant Danny Sterk ("Sterk") should not be held
in civil contempt for violating the Court's previous orders of
November 28, 1995 and May 17, 1996 requiring Sterk to pay a
contempt fine of $175,000; to file a sworn accounting of his
finances; and to pay disgorgement in the amount of $1,007,783.87.

     The actions arise from the complaint filed on August 23,
1994 by the Commission alleging that Sterk, as chief executive
officer of TransAmerica Wireless Systems and a principal of
Intercontinental Telecommunications Corp., obtained funds from
investors by misrepresenting or failing to disclose material
facts in connection with the sale of general partnership
interests in ventures formed to create "wireless cable"
television systems.  On November 28, 1995, without admitting or
denying the allegations against him, Sterk consented to the entry
of a judgment of permanent injunction and other relief.  On
December 14, 1995, the Court ordered Sterk and others held in
civil contempt for violating previous Court orders freezing the
assets of Sterk and his wife.  The Court ordered a compensatory
fine of $175,000 be paid be Sterk and others for violating the
Court orders.  On May 17, 1996, Sterk was directed by the Court
to pay disgorgement and prejudgment interest in the amount of
$1,007,783.87 within 45 days of the date of the order. 
     Prior to the January and February 1997 hearings, Sterk
transferred his residence and certain items of personal property
to the Receiver appointed by the Court in partial compliance with
the Court's disgorgement order.  The Court found that the
transfer was insufficient to satisy the Disgorgement Order. The
Court determined that Sterk had failed to show an inability to
comply with the Orders while finding that the Receiver and the
Commission had presented a prima facie case that Sterk had the
means to pay the moneys owed under the Disgorgement and Contempt
Orders. The Court found that there was clear and convincing
evidence that Sterk was in civil contempt of the Court's
Disgorgement Order and of the Court's December 1995 Contempt
Order.
==========================================START OF PAGE 2======




     Judge Gonzalez ordered Sterk to pay the Receiver the sum of
$25,000 on or before March 15, 1997, and to begin monthly
payments of $2,000 on April 30, 1997, until the disgorgement was
paid in full.  If Sterk fails to make a payment, he is subject to
arrest and incarceration upon the Receiver's notification to the
Court.  The matter was also referred to the U.S. Attorney's
Office for the Southern District of Florida for further
investigation of possible perjury by Sterk concerning sworn
statements made by Sterk concerning his finances.  
     See also: L.R. 14921 (May 29, 1996), L.R. 15089 
               (September 27, 1996)