==========================================START OF PAGE 1======

         UNITED STATES SECURITIES AND EXCHANGE COMMISSION

LITIGATION RELEASE NO. 14801 / January 30, 1996

SEC v. Marada Global Corporation, et al., Case No. 94-1504-CIV-T-
21A (M.D. Fla.)

     The Securities and Exchange Commission announced that on
January 22, 1996, Honorable Ralph Nimmons, United States District
Judge for the Middle District of Florida, entered a final
judgment of permanent injunction against Marada Global
Corporation ("Marada Global") and Marada Capital, Inc. ("Marada
Capital") (collectively "Marada Corporations"), of Clearwater,
Florida, enjoining them from future violations of the
registration, antifraud, broker-dealer registration, and penny
stock disclosure provisions of the federal securities laws.

     Previously, on September 23, 1994, the Commission filed a
Complaint and motion for temporary restraining order and other
emergency motions against the Marada Corporations and Roc G.
Hatfield ("Hatfield"), the Chief Executive Officer ("CEO") and
President of Marada Global and the CEO of Marada Capital,
alleging violations of Sections 5(a), 5(c) and 17(a) of the
Securities Act of 1933, Sections 10(b), 15(a) and 15(g) of the
Securities Exchange Act of 1934 and Rules 10b-5, 15g-2, 15g-4,
15g-5 and 15g-9, thereunder.

     Specifically, the Complaint alleged that from at least
August 1993 through September 1994, through the use of boiler
rooms and other high pressure tactics, Marada Capital sold at
least $2 million of unregistered penny stock of two Marada Global
subsidiaries, Marada Air, Inc. ("Marada Air") and Marada Casino
Resort Hotels, Inc. ("Marada Casino"), to at least 200 investors
nationwide, at $1 per share.  The Complaint further alleged that
none of the Marada entities made any filings with the Commission,
and Marada Capital was never registered with the Commission as a
broker-dealer.

     Furthermore, the Complaint alleged that through the use of
glossy color brochures, prospectuses, flyers, scripts and other
solicitation documents, Hatfield, Marada Global and Marada
Capital: (a) represented that Marada Global had exclusive
agreements with Caribbean island nations to operate and develop
an airline, casinos and hotels when, in fact, no such agreements
existed; (b) omitted to disclose that the "vice presidents"
selling Marada stock were, in reality, telemarketers earning 40%
commissions; (c) represented that Marada would apply for listing
and be traded on the NASDAQ exchange when, in reality, it was
practically impossible for Marada to obtain NASDAQ listing; (d)
failed to disclose the cumulative disciplinary history of key
Marada personnel; and (e) omitted to disclose that the only
substantial asset of Marada Global was not owned free-and-clear.
==========================================START OF PAGE 2======


                              - 2 -

     On September 23, 1994, the Court entered a temporary
restraining order against the defendants.  On October 18, 1995,
the Court entered a preliminary injunction against the defendants
following a hearing.  On November 16, 1994, the Court appointed a
receiver over Marada Global and Marada Capital.  On September 8,
1995, the Court entered a final judgment of permanent injunction
against Hatfield, by consent, enjoining him from future
violations of the federal securities laws and requiring him to
disgorge $1,941,000.