SECURITIES AND EXCHANGE COMMISSION
                                      Washington, D.C.

             LITIGATION RELEASE NO.   15950 /October 27, 1998

             SECURITIES AND EXCHANGE COMMISSION v. STARWOOD MEDIA GROUP,
             INC., and JACK MARKS a/k/a JACOB MESTECHKIN, 98 Civ. 7659
             (RO) (S.D.N.Y.)

                  The Commission sued a New York public-relations firm
             and its owner for disseminating information about stocks on
             their website, Stock-Line.com, without fully and accurately
             disclosing that the featured companies had paid for the
             touts.  Jack Marks, formerly named Jacob Mestechkin, heads
             Starwood Media Group, a small firm in lower Manhattan.
             Starwood also publishes a monthly print version of the
             internet site, Wall Street Reporter, which is distributed
             free of charge.  The Commission's complaint  alleges that
             Starwood's publications do not accurately describes the
             compensation arrangements with featured companies, as
             follows.  At least three of the featured companies have paid
             consideration to Starwood Media, in cash, stock, or options,
             exceeding $10,000 in value.   The three companies are a
             start-up motorcycle manufacturer, American Quantum Cycles,
             Inc.; a golf-course developer, Golf Ventures, Inc.; and a
             technology personnel firm, Infocall Communications Corp.
             The stocks of all three companies trade on the Over-the-
             Counter bulletin board.

                  Stock-Line's disclosure, buried in a mislabeled
             linkage, understates the amount of compensation received for
             the touts, and fails to disclose Starwood's receipt of
             potentially valuable options.  The disclosure in the Wall
             Street Reporter is also misleading in stating the featured
             companies either "have purchased or may purchase" investor
             relations services, when all companies have paid to appear
             in the journal.  According to the Commission's complaint,
             Marks was on notice of the disclosure requirements, and
             persisted in his unlawful conduct even after consulting an
             attorney on the legal basis for a competitor's disclosure of
             specific amounts of stocks and options from featured
             companies.  The Commission is seeking permanent injunctive
             relief and penalties based on the alleged violations of
             Section 17(b) of the Securities Act.

                  Without admitting or denying the allegations in the
             Complaint, defendants Marks and Starwood have consented to
             the entry of an order permanently enjoining them from
             violations of Section 17(b) and requiring them to pay a
             civil penalty of $15,000.