UNITED STATES SECURITIES AND EXCHANGE COMMISSION


          Litigation Release No. 15701 / April 8, 1998


          SECURITIES AND EXCHANGE COMMISSION v. INTERACTIVE MEDICAL
          TECHNOLOGIES LTD., WILLIAM E. SHELL, AND CLARK M. HOLCOMB,
          97 Civ. 6027 (JSM) (S.D.N.Y.)


               The Securities and Exchange Commission announced that on
          March 23, 1998, the United States District Court for the Southern
          District of New York entered a Final Judgment of Permanent
          Injunction By Consent against William E. Shell in connection with
          an offering of approximately 2.5 million shares of IMT common
          stock to the public during 1992 and 1993.  Without admitting or
          denying the allegations of the Commission's Complaint, Shell has
          consented to the entry of a final judgment which will (i)
          permanently restrain and enjoin Shell from future violation of
          the registration provisions of the federal securities laws
          (Sections 5(a) and 5(c) of the Securities Act of 1933); and (ii)
          order Shell to pay a penalty of $35,000.

               The Commission's Complaint alleged that from approximately
          April 1992 through at least June 1993, Shell and others raised
          approximately $5 million from the sale of IMT stock to
          approximately 300 investors.  No registration statement was in
          effect with respect to these shares of IMT stock.  Shell was
          previously enjoined from violating the antifraud and registration
          provisions, based upon a prior offering of IMT securities.  See
          SEC v. Interactive Medical Technologies, Ltd., 92 Civ. 6409
          (S.D.N.Y. 1992), Lit. Rel. No. 13354.

               Final judgments have previously been entered against each of
          the other defendants.  See Litigation Release No. 15441.