UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     LITIGATION RELEASE NO. 15609 / January 6, 1998

     SECURITIES AND EXCHANGE COMMISSION V. STEVEN SAMBLIS, ET AL. Case No. 98-
     001-CIV-ORL-22-C.

          The Securities and Exchange Commission ("SEC") announced that it filed
     a complaint today in the U.S. District Court for the Middle District of
     Florida in Orlando against Steven Samblis and his corporation New Stock,
     Inc. ("NSI").  According to the SEC's Complaint, Defendant Samblis is a
     resident of the Orlando, Florida area and self-professed stock picker.  The
     SEC alleges that Samblis, together with co-defendant NSI, is passing
     himself off as an independent and impartial stock picker when, in fact, he
     is nothing more than a paid pitch man for the companies he hypes.

          In its Complaint, the SEC alleges that in October 1997 Samblis
     published a magazine, New Stock, in which he enthusiastically recommended
     the securities of certain publicly-traded companies without disclosing that
     he had been paid at least $20,000 to make these recommendations.  The SEC
     also alleges that Samblis was paid to issue thousands of E-mails over the
     Internet regarding these same securities.  The SEC learned of Samblis'
     activities when detected by the Enforcement Division's Internet
     Surveillance program.

          The SEC is seeking an expedited hearing and preliminary injunction
     against Samblis and NSI for violating Section 17(b) of the Securities Act
     of 1933.  Section 17(b) makes it illegal for any person to distribute any
     publication recommending a security while being paid to do so without fully
     disclosing that he has been or will be paid for recommending the stock and
     the amount he has been or will be paid.  In addition to a preliminary
     injunction, the SEC seeks a permanent injunction against Samblis and NSI,
     disgorgement of ill-gotten profits, and civil money penalties.

          Investors are advised to read the SEC's "Cyberspace" Alert before
     purchasing any investment promoted on the  Internet.  The free publication,
     which alerts investors to the telltale signs of online investment fraud, is
     available on the Investor Assistance and Complaints link of the SEC's Home
     page on the World Wide Web <www.sec.gov>. It can also be obtained by
     calling 800-SEC-0330.  Investors are encouraged to report suspicious
     Internet  offerings (or other suspicious offerings) via e-mail to 
     <enforcement@sec.gov>. A user-friendly form to assist you in making a report 
     is available at the  Enforcement Complaint Center on the Enforcement Division
     link of the SEC Home Page <www.sec.gov>. Investors can also mail a report
     to the SEC's Enforcement Complaint Center,  Mail Stop 8-4, 450 Fifth
     Street, Washington, D.C. 20549.







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