UNITED STATES SECURITIES AND EXCHANGE COMMISSION

           LITIGATION RELEASE NO. 15929 / October 6, 1998

           SECURITIES AND EXCHANGE COMMISSION v. GLENN A. SCHUSTER, ET AL.
           Civil Action No. H-92-3598, USDC/SD TX [HOUSTON]

                The Securities and Exchange Commission ("Commission") announced that
           default judgments have been entered against two alleged penny stock
           promoters in a pending civil lawsuit.   On September 25, 1998, the
           Honorable Nancy F. Atlas, United District Court Judge for the Southern
           District of Texas, granted the  Commission's motion for entry for default
           judgments against Edward N. Lamarca and Thomas E. Russo.  The Court's
           order permanently enjoins Lamarca and Russo from future violations of
           Section 17(a) of the Securities Act of 1933, and Section 10(b) of the
           Securities Exchange Act of 1934, and Rules 10b-5 and 10b-6 thereunder. The
           Court also ordered Lamarca and Russo, jointly and severally, to pay
           disgorgement in the amount of $46, 616, which represents their financial
           gains from the conduct alleged in the complaint, plus prejudgment interest
           in the amount of $19,533.24.

                The Commission's complaint charged that Lamarca and Russo
           participated in a fraudulent scheme to distribute and manipulate the
           securities of Bancus Richmond, Inc., a now defunct penny stock company.