SECURITIES AND EXCHANGE COMMISSION Washington, D.C. Litigation Release No. 15532 / October 9, 1997 Securities and Exchange Commission v. Atlantic Capital Corporation, Wall Street Marketing, Inc., Pullman Publications, Inc., Stephen DeCesare, Mark Missler, Patrick Kephart, Howard Jenkins, Scott Mijares, Robert Thomas Beatty, Vincent St. Clair Beatty, Michael Cardascia, David Scott Rossman, Adrian Wilson, Timothy B. Daley, and David M. Connochie (M.D. Fla.) No. 96- 1043-CIV-ORL-19 The Commission announced today that five stock promoters, previously charged with paying kickbacks to brokers for selling certain securities to their clients, have settled the charges against them. On September 27, 1996, the Commission filed a Complaint in U.S. District Court for the Middle District of Florida alleging that a group of stock promoters engaged in an 18-month fraudulent scheme in which they paid $477,580 in bribes to seven stockbrokers to induce them to retail securities to the public. The Complaint further alleged that the stock promoters issued promotional brochures concerning various public companies without disclosing that they were being paid by the companies to issue the brochures. The Complaint alleges that the promoters netted approximately $2.6 million from the scheme. The settling stock promoters are: Steven DeCesare ("DeCesare"), age 36, of Longwood, Florida. Mark Missler ( Missler ), age 36, of Altamonte Springs, Florida. and three Florida corporations they controlled, Atlantic Capital Corporation ( Atlantic ), Wall Street Marketing, Inc. ( Wall Street ), and Pullman Publications, Inc. ( Pullman ). DeCesare, Missler, Atlantic, Wall Street and Pullman consented, without admitting or denying the allegations in the Complaint, to the issuance of a Final Judgment by Judge Patricia C. Fawsett of the United States District Court for the Middle District of Florida enjoining each from future violations of Sections 17(a) and 17(b) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b- 5. Missler also consented to disgorge $200,000 of the profits he received from the scheme. Disgorgement of the remainder of Missler s profits was waived, and a civil penalty not imposed, based on Missler s demonstrated inability to pay. DeCesare s, Atlantic s, Wall Street s and Pullman s disgorgement of their profits from the scheme was waived, and civil penalties not imposed, based on each s demonstrated inability to pay. - 2 - ======END OF PAGE 1====== The Commission s litigation is still pending against four brokers and three other individuals affiliated with Atlantic, Pullman and Wall Street. For further information See Litigation Release No. 15082, September 27, 1996 and Litigation Release No. 15428, August 4, 1997. ======END OF PAGE 2======