UNITED STATES SECURITIES AND EXCHANGE
             COMMISSION

             Litigation Release No.  15927 / October 5, 1998

             SECURITIES AND EXCHANGE COMMISSION V.  FRIENDLY POWER CO.,
             LLC, FRIENDLY POWER CO., INC., FRIENDLY POWER FRANCHISE CO.,
             SCOTT J. LEVINE, SABRINA LEVINE, CYBER-TECH MARKETING &
             CONSULTING, INC., DWIGHT H. STEPHENS, PACKARD ENERGY GROUP,
             INC., AND RICH MANAGEMENT CORP., Case No. 98-1697-CIV-KING
             (S.D. Fla.)

                  The  Securities and Exchange Commission (SEC) announced
             that on Friday,  July 17,  1998,  the  Honorable  Donald  M.
             Middlebrooks  of  the  United  States District Court for the
             Southern District of Florida entered  an  order  temporarily
             halting on-going sales of unregistered securities  by  three
             Florida based boiler-rooms and a group of Florida companies.
             On  July  23  and  30,  1998,  the  Court  entered orders of
             preliminary  injunctions against all named defendants.   The
             orders  of  preliminary  injunction  as  to  Friendly  Power
             Company LLC,  Friendly  Power  Company,  Inc.,  and Friendly
             Power Franchise Company (collectively Friendly Power), Scott
             J.  Levine,  and  Sabrina  Levine,  were entered upon  their
             consent, without admitting or denying the SEC's allegations.
             The remaining defendants did not oppose  the entry of orders
             of preliminary injunction.

                  The  Court acted on an emergency motion  and  complaint
             that the SEC  filed on July 17, 1998, alleging that Friendly
             Power  Company  LLC,   Friendly  Power  Company,  Inc.,  and
             Friendly  Power  Franchise  Company  (collectively  Friendly
             Power), a newly-formed  group  of  companies run by Scott J.
             Levine and his wife, Sabrina Levine, of Plantation, Florida,
             which purported to sell electricity in California's recently
             restructured electrical market, sold unregistered securities
             to  the public in violation of the Securities  Act  of  1933
             (Securities  Act).   The  SEC's  complaint also alleges that
             Friendly Power used defendants Rich  Management  Corp. (Rich
             Management) of Miami, Florida, Packard Energy Corp. (Packard
             Energy) of Ft. Lauderdale, Florida, and Cyber-Tech Marketing
             & Consulting, Inc. (Cyber-Tech) and its President, Dwight H.
             Stephens (Stephens), both of Longwood, Florida to  sell  its
             securities  and  that  those  defendants  used high pressure
             tactics and illegal means to make those sales.  According to
             the SEC's complaint, the boiler-rooms violated the antifraud
             provisions   of  the  federal  securities  laws  by   making
             egregious misrepresentations  to  investors regarding, among
             other   things,   Friendly   Power's  risk,   profitability,
             capitalization, the need to invest  quickly  and  investors'
             returns.

                  The  SEC's  complaint  also  named  Joel  Marcus,  Inc.
             (Marcus)  and  Rich Holdings, Inc. (Rich Holdings) as Relief
             Defendants.  The  SEC alleges that Marcus, who served as the
             purported escrow agent  for the Friendly Power offering, and
             Rich Holdings, which is controlled  by  the  same person who
             controlled Rich Management, received investor funds that the
             boiler-rooms had fraudulently raised.

                  According to the SEC's complaint, Friendly Power
             already had raised at least $4.2 million and intended to
             sell up to $70 million of unregistered securities.  The
             SEC's complaint also alleges that many victims of the
             boiler-rooms' fraud are elderly and retired, and that about
             25% of the investors used their retirement savings to invest
             in  defendants' scheme.

                  The preliminary injunctions enjoin defendants Friendly
             Power, Scott J. Levine, and Sabrina Levine from violating
             Sections 5(a) and 5(c) of the Securities Act, 15 U.S.C. 
             77e(a) and 77e(c), and enjoin defendants Cyber-Tech,
             Stephens, Packard Energy, and Rich Management from violating
             Sections 5(a) and 5(c) of the Securities Act, 15 U.S.C.
             77e(a) and 77e(c), Sections 17(a)(1), 17(a)(2) and 17(a)(3)
             of the Securities Act, 15 U.S.C. 77q(a)(1), 77q(a)(2),
             and 77q(a)(3), Section 10(b) of the Securities Exchange Act
             of 1934 (Exchange Act), 15 U.S.C.  78j(b), and Rule 10b-5
             thereunder, 17 C.F.R.   240.10b-5, and Section 15(a)(1) of
             the Exchange Act, 15 U.S.C.  78o(a)(1).