UNITED STATES SECURITIES AND EXCHANGE COMMISSION

           Litigation Release No. 16062 / February 16, 1999

           SECURITIES AND EXCHANGE COMMISSION v. ROGER H. LICHT
           et al., Civ. Action No. 98-1724-MMM (AIJx) (C.D.
           Cal.)

                        LAWYER/DIRECTOR AND OTHERS
                       SETTLE INSIDER TRADING CASE

               The Securities and Exchange Commission
           ("Commission") announced today that defendants Roger
           H. Licht, his brother, Andrew K. Licht, and Roger
           Licht’s friend William J. Barisoff have settled the
           Commission’s insider trading case against them.
           Each has consented to the entry of a permanent
           injunction prohibiting future violations of Section
           10(b) of the Securities Exchange Act of 1934 and
           Rule 10b-5 thereunder.  In addition, each has agreed
           to make payments, as follows:  Roger Licht will  pay
           $146,220.92, consisting of $43,445.30 in
           disgorgement of his and his alleged tippees’ profits
           plus $15,168.18 in prejudgment interest, as well as
           a civil penalty of $87,607.44; Andrew Licht, who did
           not trade but who, according to the Commission’s
           Complaint, tipped other trading defendants, will pay
           a civil penalty of $12,750; and William Barisoff,
           whose allegedly illegal profits will be disgorged by
           Roger Licht, will pay a civil penalty of $2,153.05.
           All defendants settled without admitting or denying
           the allegations in the Commission’s Complaint.

               The Complaint charged attorney Roger Licht,
           along with a second defendant who was a former
           president of Leisure Concepts, Inc. ("LCI"), and a
           related group of friends, family members and
           associates, with a pattern of insider trading in the
           securities of LCI, and of two companies for which
           Roger Licht served as an outside director:  Medco
           Containment Services, Inc. and Synetic, Inc.  The
           Complaint alleged that the group of friends, family
           members and associates obtained illegal profits
           totaling more than $200,000 over a fourteen-month
           period.  (See Lit Rel. Nos. 15666/March 11, 1998 and
           15781/June 15, 1998.)

               Four of the original nine defendants settled
           simultaneously with the filing of the Commission’s
           Complaint.  A fifth defendant settled in June 1998,
           and a sixth defendant, D. Mark Sandelson, settled
           with the Commission last November.  The settlements
           with Roger Licht, his brother Andrew, and William J.
           Barisoff, announced today, conclude this litigation.

               The Commission notes the assistance of the
           National Association of Securities Dealers in
           connection with this matter.