UNITED STATES OF AMERICA
                               Before the
                   SECURITIES AND EXCHANGE COMMISSION


     SECURITIES ACT OF 1933
     Release No.  7471 / October 22, 1997

     SECURITIES EXCHANGE ACT OF 1934
     Release No. 39263 / October 22, 1997

     ADMINISTRATIVE PROCEEDING
     File No. 3-9201

     ______________________________

     In the Matter of             :
                                  :ORDER MAKING FINDINGS
     SKY SCIENTIFIC, INC., et al. :AND IMPOSING REMEDIAL
                                  :SANCTIONS BY DEFAULT
     ______________________________


     Walter A. Dorow, Jr. is in default under the Securities and Exchange
     Commission s (Commission) Rules of Practice, Rules 155 and 310, 17 C.F.R.
     .. 201.155, .310 (1996), because he failed to appear at the hearing in the
     above cause (except as a witness pursuant to subpoena), or to respond to
     the Order to Show Cause entered on September 16, 1997.

     The Order Instituting Proceedings (OIP) alleges, in pertinent part, that
     Respondent Dorow engaged in the public distribution of unregistered stock
     and made materially false and misleading statements and omissions of fact
     to investors and prospective investors regarding:

     a.the existence and value of Sky Scientific, Inc. s (Sky) assets,
     liabilities, mining business, properties, precious metals reserves,
     environmental compliance, revenues, and mining technology;

     b.the magnitude of Sky s income, expenses, net loss, sources and uses of
     capital and financial ability to continue its activities without material
     interruption;

     c.the value of preferred stock issued by Sky or its subsidiaries in
     connection with acquisition of assets;

     d.the proposed spin-off of a subsidiary called Sky Scientific Financial
     Services, Inc. (Financial Services), the operations and personnel of
     Financial Services, and the value of financial instruments purportedly
     issued by a Russian bank and purportedly owned by Financial Services;

     e.the nature of services purportedly being performed by consultants whom
     Sky was paying with common stock, and capital raising being conducted or

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     orchestrated by others;

     f.the identity of the authors and publishers of promotional brochures and
     the actual compensation paid by Sky to the authors and publishers; and

     g.the prospects and likelihood of success of Sky s business ventures and
     the risks of investing in Sky stock.

     The OIP further alleges, in pertinent part, that Respondent Dorow caused
     false filings to be made, in that he directly or indirectly made untrue
     statements of material facts and omitted to state material facts about Sky.

     Accordingly, I find the allegations in the OIP, insofar as they pertain to
     Respondent Dorow, are true.

     The Division requests a cease and desist order and disgorgement in the sum
     of $549,983 plus prejudgment interest of $175,895, for a total of $725,878.

     I find that it is in the public interest to order Respondent Dorow to cease
     and desist from further violations of certain sections of the Securities
     Act of 1933 (Securities Act) and the Securities Exchange Act of 1934
     (Exchange Act), and to order disgorgement in the amount of $725,878.

     ACCORDINGLY, it is:

     ORDERED pursuant to Section 8A of the Securities Act and Section 21C of the
     Exchange Act that Walter A. Dorow, Jr. cease and desist from committing or
     causing violations or any future violations of Sections 17(a)(1), 17(a)(2),
     and 17(a)(3) of the Securities Act and Sections 10(b), 13(a), and
     13(b)(2)(a) of the Exchange Act and Rules 10b-5, 12b-20, 13a-1, 13a-11,
     13a-13 and 13b2-1 thereunder; and

     FURTHER ORDERED pursuant to Section 8A(e) of the Securities Act and Section
     21C(e) of the Exchange Act that Walter A. Dorow, Jr. disgorge $549,983 plus
     prejudgment interest of $175,895.

     Payment of sums owed shall be: (i) made by United States postal money
     order, certified check, bank cashier s check, or bank money order; (ii)
     made payable to the Securities and Exchange Commission; (iii) delivered by
     hand or courier to the Office of the Secretary, Securities and Exchange
     Commission, 450 5th Street, N.W., Washington, D.C. 20549; and (iv)
     submitted under cover letter which identifies Walter A. Dorow, Jr. as the
     Respondent in these proceedings, and the file number of these proceedings.


     _______________________
     Robert G. Mahony
     Administrative Law Judge





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