SECURITIES AND EXCHANGE COMMISSION V. WORLD CLASS LIMOUSINES, INC., 1-800-GET-LIMO, INC., AND ANTHONY P. CALIENDO, JR., CASE NO. 01-7834-CIV-JORDAN/BANDSTRA (S.D. Fla.)

The Securities and Exchange Commission ("SEC") announced that on June 14, 2004 and June 29, 2004, the United States District Court for the Southern District of Florida entered a Final Judgment of Permanent Injunction and Other Relief ("Final Judgment") against Defendants World Class Limousines, Inc., and 1-800-GET-LIMO, Inc. ("Corporate Defendants") and a Final Judgment Setting Amount of Disgorgement and Civil Penalties as to Defendant Anthony Caliendo ("Caliendo"), respectively. The Final Judgment, entered with the Corporate Defendants' consent, without admitting or denying the allegations of the SEC's Complaint, enjoins them from violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder. The Final Judgment as to Caliendo finds him jointly and severally liable with the Corporate Defendants for disgorgement in the amount of $1,500,000, plus prejudgment interest in the amount of $22,500, and orders Caliendo to pay a civil penalty in the amount of $120,000. On June 24, 2004, the SEC filed a motion to dismiss its disgorgement claims against the Corporate Defendants since both companies are defunct and any remaining assets had become part of the receivership estate.

On April 18, 2002, the Court had entered a Judgment against Caliendo, with Caliendo's consent. The Judgment permanently enjoined him from violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, Section 10(b) of the Exchange Act of 1934, and Rule 10b-5 thereunder.

For further information, see Litigation Release No. 17261 (December 7, 2001).