SECURITIES AND EXCHANGE COMMISSION
     Washington, D.C.


     Litigation Release No.  15778 / June 11, 1998


     SEC v. INTERNET BROADCAST GROUP et. al., Civil Action No. 96-2226 (SSH)
     (D.D.C.)

     The Securities and Exchange Commission ("Commission") announced today that
     on May 29, 1998, The Honorable Stanley S. Harris, United States District
     Judge for the District of Columbia, granted the Commission s application
     for default judgment against relief defendants Greg E. Parker and
     Interactive Communications Network, Ltd.(ICN), and ordered them jointly and
     severally to disgorge $172,250, plus prejudgment interest of $66,089.  The
     Court found that these sums represented the amount of Internet Broadcast
     Group (IBG) investor funds received by relief defendants as a result of the
     the unlawful conduct of IBG and the other defendants.

     The Commission s complaint, which was filed on September 26, 1996, alleges
     that IBG and the other defendants violated the federal securities laws in
     connection with the offer and sale to the public of securities designated
     as  partnership units  in IBG a purported general partnership formed to,
     among other things, develop a wireless cable system in Muskegon, Michigan. 
     IBG was to acquire the licenses and certain hardware to operate the system
     from Parker and ICN.  Toward that end, IBG paid $172,250 of investor funds,
     which was transferred to Parker and ICN.  However, IBG investors received
     no rights in the Muskegon licenses or in the equipment installed in
     exchange for these payments, nor any refund.  The Muskegon system was never
     developed.  The complaint alleged that the relief defendants, Parker and
     ICN, held these investor funds in a constructive trust for the benefit of
     investors.

     For further information, see Litigation Release Nos. 15074 and 15383.
      

















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