U.S. SECURITIES AND EXCHANGE COMMISSION

          Litigation Release No.  15987  /  November 25, 1998

          Securities and Exchange Commission v. Ronnie R. Neihart and
          Synvion Corporation, Defendants. Civil Action File No. 1:98-CV-
          3341-WBH    (N.D.Ga. November 25, 1998)

               The   Securities   and  Exchange  Commission  ("Commission")
          announced today that on November  23,  1998, it filed a civil law
          suit with application for a temporary restraining order and other
          emergency  relief  against  Ronnie  R.  Neihart  ("Neihart")  and
          Synvion  Corporation  ("Synvion").   The complaint  alleges  that
          defendants Neihart and Synvion engaged  in fraud in the offer and
          sale  of unregistered securities in the form  of  Synvion  common
          stock  using   misrepresentations   and   omissions  of  fact  to
          investors.  On November 25, 1998, Judge Willis  B.  Hunt  of  the
          United States District Court for the Northern District of Georgia
          entered a temporary  restraining order against the two defendants
          and directed that their assets be frozen and that they provide an
          accounting.

                  The  Commission's  complaint  alleges  that  Neihart  and
          Synvion  effected   the   scheme  by  falsely  representing  that
          Synvion's  stock  would  be  quoted   on  NASDAQ,  touting  false
          representations  that  the  company's  primary  assets  of  ETA10
          supercomputers  had a value of $20 million,  misrepresenting  the
          existence of contracts  between  Synvion and various corporations
          when no such contracts existed and  misrepresenting  that Synvion
          had a stock lease agreement with Prudential.  The complaint  also
          asserts that the defendants mislead investors as to the status of
          a  1996  North  Carolina  cease and desist order and that Neihart
          used investor funds for personal items.  It further contends that
          Neihart and Synvion sold 11 million shares of Synvion stock to 70
          investors in six states since  July  1997,  and  that  since 1985
          Neihart and Synvion (and its corporate predecessors) sold over 60
          million  shares  of  unregistered  stock  to  approximately 1,500
          investors in 36 states.

                 The complaint seeks preliminary and permanent  injunctions
          against  the  defendants  to  prevent  their future violations of
          Sections  5(a),  5(c)  and 17(a) of the Securities  Act  of  1933
          ("Securities Act") and Sections 10(b) and 13(a) of the Securities
          Exchange Act of 1934 ("Exchange  Act") and Rules 10b-5, 13a-1 and
          13a-13  thereunder.   The complaint  also  seeks  an  accounting,
          disgorgement and prejudgment interest from the two defendants, as
          well as civil penalties from defendant Neihart.