SECURITIES AND EXCHANGE COMMISSION

             Litigation Release No. 15953 / October 27, 1998

             Securities and Exchange Commission v. Liberty Capital Group,
             Inc. and Jason A. Greig, Civil Action No. C98-1515C (USDC
             WA).

                  On  October 27, 1998, the Securities and Exchange
             Commission filed a complaint in the United States District
             Court for the District of Washington against a Bellingham,
             Washington publicist for distributing over the Internet and
             through other means, information regarding certain microcap
             companies without disclosing compensation received from
             those companies.  The Commission's complaint names Liberty
             Capital Group, Inc. ("Liberty") and Jason A. Greg ("Greig"),
             the sole officer, director and shareholder of Liberty, as
             defendants and alleges that Liberty and Greig violated
             Section 17(b) of the Securities Act of 1933.

                  The complaint alleges that from April 1996 until April
             1998, Greig, through Liberty, published Jay Greig's Liberty
             Letter in which he provided general information on
             approximately twenty companies quoted on the Nasdaq Smallcap
             market, the Nasdaq Bulletin Board, and also traded on the
             Canadian Exchanges.  During 1997, Greig developed a website
             for Liberty and began publicizing on the website, as well as
             through e-mails and postings on the Internet bulletin
             boards, three of the companies featured in the newsletter,
             as well as six other companies.  The complaint alleges that
             Liberty, through Greig, entered into written or oral
             agreements with several of the companies publicized on
             Liberty's website or in the newsletter, requiring the
             companies to pay varying amounts of cash and/or securities
             for these services.  The complaint alleges that Liberty and
             Greig received cash and stock, both directly and indirectly
             from at least seven of the companies, totaling nearly $1.2
             million.

                  The complaint alleges that although the newsletter
             disclosed that Liberty received compensation from issuers
             for publicizing their stocks, it failed to disclose the
             existence of the agreements between Liberty and certain of
             the publicized companies, or the various amounts of
             compensation.  The complaint also alleges that until very
             recently, Liberty only made a vague, general disclosure on
             its website about the receipt of compensation, and also
             failed to disclose the existence of the agreements and any
             specifics on past or agreed upon compensation.