UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     LITIGATION RELEASE NO. 15529 / October 7, 1997

     SECURITIES AND EXCHANGE COMMISSION v. ATRATECH, INC., ANTHONY GURINO,
     VINCENT SORENA, PATRICK BORELLO, AUGUSTO AUFIERO, STANLEY KAPLAN, FRANCIS
     J. O'REILLY, AND RAYMOND STANKEY, 94 Civ. 6016 (LMM) (S.D.N.Y.)

          The Securities and Exchange Commission announced the filing of a Final
     Judgment Of Permanent Injunctive And Other Relief against Anthony Gurino in
     the United States District Court for the Southern District of New York in
     this financial fraud case.  Without admitting or denying liability, Gurino
     has consented to the entry of a final judgment which will (i) permanently
     restrain and enjoin Gurino from violations of the antifraud, reporting, and
     books and records provisions of the federal securities laws (Section 17(a)
     of the Securities Act of 1933, Sections 10(b), 13(a), and 13(b) of the
     Securities Exchange Act of 1934 ("Exchange Act"), and Rules 10b-5, 12b-20,
     13a-1, 13a-13, and 13b2-1); (ii) order Gurino to pay a penalty of $25,000;
     and (iii) permanently bar him from acting as an officer or director of a
     public company.

          The Commission's complaint alleged the following: Gurino and others
     engaged in a scheme to conceal from the public the fact that Gurino
     secretly controlled Atratech, Inc., a public plumbing and heating company. 
     Gurino had previously been barred from bidding for municipal works
     contracts by New York City and federal agencies because of his failure to
     disclose that he had been indicted for obstruction of justice in connection
     with an organized crime prosecution.  Thereafter, Gurino secretly took over
     control of Atratech, which allowed Atratech to fraudulently obtain
     approximately $18 million in public works contracts that it would not
     otherwise have been able to obtain.  Atratech's public filings failed to
     disclose required information concerning Gurino's association with
     Atratech.

          Final judgments have previously been entered against each of the other
     defendants.  See Litigation Release Nos. 14201, 14862, and 15409.