SECURITIES AND EXCHANGE COMMISSION
                                  Washington, D.C.

          SECURITIES  AND EXCHANGE COMMISSION v. ANDREW S. PITT, CONECTISYS
          CORP., DEVON  INVESTMENT  ADVISORS, INC., B&M CAPITAL CORP., MIKE
          ZAMAN, and SMITH, BENTON &  HUGHES,  INC., United States District
          Court for the Central District of California,  Civil  Action  No.
          96-4164 (MRP) (ANx)

          Litigation Rel. No.   15909  /  September 29, 1998

          DISTRICT   COURT   ENTERS   FINAL  JUDGMENTS  IN  CASE  INVOLVING
          CONECTISYS STOCK MANIPULATION

               The Securities and Exchange  Commission ("Commission") today
          announced that on September 22, 1998,  the United States District
          Court  for  the Central District of California  entered  a  final
          judgment of permanent  injunction  against Conectisys Corporation
          ("Conectisys"),  which  is  the  final  relief  obtained  by  the
          Commission in this case.  The Commission  brought  this action in
          June  1996 to enjoin the ongoing manipulation of the  market  for
          Conectisys  stock.  In its final judgment against Conectisys, the
          Court permanently enjoined  the company from future violations of
          Sections 5(a), 5(c), and 17(a)  of  the  Securities  Act  of 1933
          ("Securities  Act"),  the  registration and antifraud provisions.
          The  Court  also  ordered  Conectisys  to  disgorge  $175,000  of
          proceeds derived from its fraudulent conduct.

               The  entry  of  final judgment  against  Conectisys  follows
          earlier judgments the  Court  entered  on  June  29, 1998 against
          defendants  Andrew  S. Pitt ("Pitt"), Devon Investment  Advisors,
          Inc. ("Devon"), Mike  Zaman ("Zaman"), B&M Capital Corp. ("B&M"),
          and Smith Benton & Hughes,  Inc.  ("Smith  Benton").  On June 29,
          the Court permanently enjoined Zaman, Smith  Benton, and B&M from
          future violations of Section 17(a) of the Securities Act, Section
          10(b)  of  the Securities Exchange Act of 1934 ("Exchange  Act"),
          and further  enjoined  Zaman  and  Smith  Benton  from  violating
          Section 15(c)(1)(A) of the Exchange Act.  The Court also  ordered
          Zaman,  Smith Benton, and B&M, jointly and severally, to disgorge
          $611,193  in  unlawful  proceeds derived from the manipulation of
          the market for Conectisys  stock.   The  Court enjoined Pitt from
          future  violations  of  Sections 5(a), 5(c),  and  17(a)  of  the
          Securities Act, and enjoined  Devon  from violating Sections 5(a)
          and 5(c).  The final judgment against Pitt and Devon also ordered
          them, jointly and severally, to disgorge $399,980, and ordered an
          additional  $50,000  of disgorgement against  Pitt,  jointly  and
          severally with Conectisys.

               The final judgments against Conectisys, Pitt, Devon, Zaman,
          Smith Benton, and B&M were entered following a bench trial held
          in July 1997.  Based on the evidence presented at the trial, the
          Court found that Pitt and Zaman together planned the manipulation
          of Conectisys stock, and Zaman and Smith Benton carried out that
          manipulation with Pitt's assistance.  In the course of carrying
          out the manipulation, Zaman and Smith Benton controlled the
          number of Conectisys common shares available for sale on the
          market, dictated the prices at which those shares traded, engaged
          in "daisy chain" trading with market participants to fill retail
          customer orders, and artificially increased the price of the
          stock purchased by retail customers.  The Court also found that
          Pitt and Conectisys offered and sold restricted stock to private
          investors based on material misrepresentations and that Pitt and
          Conectisys drafted a false and misleading business plan that was 
          supplied to potential investors.  Finally, the Court found that 
          Pitt, Conectisys, and Devon sold unregistered securities in 
          violation of Section 5 of the Securities Act.

               The Commission also today instituted and settled an
          administrative proceeding against Mike Zaman.  On consent, the
          Commission permanently barred Zaman from association with any
          broker, dealer, investment adviser, investment company or
          municipal securities dealer.

               This enforcement  action  was part of the Commission's four-
          pronged  approach  to  minimizing  Microcap  fraud:  enforcement,
          inspections,  investor  education  and   regulation.    For  more
          information about the SEC's response to Microcap fraud, visit the
          SEC's Microcap Fraud Information Center at:
 
               http://www.sec.gov/news/extra/microcap.htm.