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         UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 15317 / April 7, 1997

SECURITIES AND EXCHANGE COMMISSION v. NVID INTERNATIONAL, INC.,
MATTHEW E. KLENOVIC, and ROBERT F. BUNTE, DEFENDANTS and MARILEE
KLINE KLENOVIC and ANDREW ARATA, relief defendants, United States
District Court for the Middle District of Florida, No.97-758-CIV-
T-25E. 

     The Securities and Exchange Commission announced that it
obtained an Order of temporary restraint against NVID
International, Inc. (NVID), Matthew E. Klenovic (Klenovic) and
Robert F. Bunte (Bunte).  The Order restrains NVID, Klenovic and
Bunte from continuing to engage in violations of Section 17(a) of
the Securities Act of 1933 (Securities Act) and Section 10(b) of
the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5
promulgated thereunder.  The Commission also received an order
freezing all of the assets of NVID, including its wholly owned
subsidiary, Aqu Bio Technologies (Aqu Bio), Klenovic and Bunte. 
Finally, the Court issued an Order freezing the assets of two
related individuals: 1) Marilee Kline Klenovic, Klenovic's wife
and the Treasurer of NVID; and 2) Andrew Arata, an NVID officer.

     Since at least January 1996, NVID, Klenovic and Bunte,
NVID's president and a director of the company, have been engaged
in a scheme to defraud investors by misstating the company's use
of investor proceeds and business activities.  The defendants
received over $2.4 million in investor funds and used nearly $1
million to buy three homes in Sarasota, Florida: one for Bunte,
one for the Klenovics and one for Arrata.  Klenovic also received
$128,000 in cash payments through Aqu Bio and NVID and Bunte
received $45,000 from NVID.  Investors were told that NVID
manufactures water ionization units at a plant in Ohio and
distributes the units.  In fact, NVID does not manufacture any
units and has been selling units previously obtained from another
supplier.  Investors were not told that their money would be used
to purchase homes. 

     The Commission acknowledges the assistance of the Florida
Office of Comptroller, West Central Division, Department of
Banking and Finance for their assistance in this matter.  The
Commission also acknowledges the cooperation of the United States
Attorney for the Middle District of Florida.  The U.S. Attorney
has filed a criminal complaint and obtained search and arrest
warrants against Bunte and Klenovic for the same conduct upon
which the Commission based its action.

     Klenovic is the subject of an Order of Permanent Injunction,
issued December 24, 1996, prohibiting him from, among other
things, violating the registration and antifraud provisions of
the Securities Act and the antifraud and reporting provisions of
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the Exchange Act.  Klenovic consented to the entry of the
injunction and neither admitted or denied the allegations. 
Klenovic was 

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further enjoined from serving as an officer or director of a
public company for a period of five years.  The previous
injunction was entered against Klenovic in connection with a
multi-faceted scheme designed to mislead the public regarding,
among other things, the financial status of Standard Oil and
Exploration of Delaware, Inc. ("STDO"), an oil and gas drilling
company not associated with Standard Oil of Delaware that he
engaged in between December 1987 and April 1991.  Finally,
Klenovic was denied the privilege of appearing or practicing as
an accountant with the Commission for a period of 5 years
beginning in January 1997.  For further information See Lit Rel.
No. 14128 (June 15, 1994); Lit.Rel. 15206, and Accounting and
Auditing Enforcement Rel. 868 (January 6, 1997).