SECURITIES AND EXCHANGE COMMISSION

          Litigation Release No. 16032 /  January 20, 1999
          Federal  Judge  Permanently  Enjoins  Ronald V. Reece In Internet
          Related Fraudulent Stock Sales Scheme

          Securities and Exchange Commission v. Green Oasis Environmental,
          Inc., William D. Carraway, Raymond C. O’Brien and Ronald V.
          Reece, Defendants, and Mary Ann Carraway, Relief Defendant. Civil
          Action No. 2:98-1913-23  (D.S.C. December 28, 1998)

               The Securities and Exchange Commission  announced today that
          Judge Patrick Michael Duffy of the United States  District  Court
          for  the District of South Carolina entered an Order of Permanent
          Injunction  And  Other  Relief  against Ronald V. Reece ("Reece")
          restraining and enjoining him from  further violations of Section
          17(b)  of the Securities Act of 1933 ("Securities  Act").   Reece
          consented  to  the  entry  of  the  permanent  injunction without
          admitting   or   denying  the  allegations  of  the  Commission’s
          complaint.  Further,  the  Order  directs  Reece  to  pay a civil
          penalty in the amount of $10,000 within 30 days from the entry of
          the Order.

               The  Commission’s complaint, filed on July 1, 1998,  alleged
          that Green  Oasis Environmental, Inc. ("Green Oasis") and William
          D.  Carraway  ("Carraway')   published  a  series  of  false  and
          misleading press releases prepared  by  the public relations firm
          the company retained, owned and controlled  by Raymond C. O’Brien
          ("O’Brien").   Carraway  paid  O’Brien  and  others   to  publish
          purportedly  objective  descriptions  about  the  company and  to
          encourage positive discussion about the company in  Internet news
          groups.  Carraway and O’Brien used these false press  releases to
          increase investor interest in the company.  Carraway and  O’Brien
          encouraged  Reece  to  publish  positive  information  about  the
          company  in numerous Internet news group messages he wrote and in
          an electronic  newsletter he published about the company.  In his
          publications, Reece  claimed  to be merely an interested investor
          and  denied receiving any consideration  from  the  company.   In
          fact,  the company gave Reece a valuable discount on his purchase
          of the company’s  securities and paid his travel expenses, all of
          which he failed to disclose in his publications.

                The complaint  sought  a  permanent  injunction against the
          defendants  Green  Oasis  and  Carraway to prevent  their  future
          violations of Sections 5(a), 5(c) and 17(a) of the Securities Act
          and  Section  10(b)  of  the  Securities  Exchange  Act  of  1934
          ("Exchange  Act")  and  Rule  10b-5   thereunder;   a   permanent
          injunction  against  defendant  O’Brien  to  prevent  his  future
          violations  of  Sections  5(a),  5(c),  17(a)  and  17(b)  of the
          Securities  Act,  and Sections 10(b) and 15(a)(1) of the Exchange
          Act and Rule 10b-5 thereunder; and a permanent injunction against
          defendant Reece to  prevent his future violation of Section 17(b)
          of  the  Securities  Act.    The   complaint  further  sought  an
          accounting,   disgorgement,  prejudgment   interest   and   civil
          penalties  from   defendants   Carraway  and  O’Brien  and  civil
          penalties from defendant Reece.   The Commission’s complaint also
          sought disgorgement from Mary Ann Carraway  of the gains from her
          sales of Green Oasis securities.  Judge Duffy  previously entered
          an Order of Permanent Injunction against Green Oasis  in  August,
          1998.

               Investors  are  advised to read the SEC’s "Cyberspace" Alert
          before purchasing any  investment  promoted on the Internet.  The
          free publication, which alerts investors to the telltale signs of
          online investment fraud, is available  on the Investor Assistance
          and Complaints link of the SEC’s Home Page  on the World Wide Web
          <www.sec.gov>.  It can also be obtained by calling  800-SEC-0330.
          Investors are encouraged to report suspicious Internet  offerings
          (or     other     suspicious    offerings)    via    e-mail    to
          <enforcement@sec.gov>.   A  user-friendly  form  to assist you in
          making a report is available at the Enforcement Complaint  Center
          on   the   Enforcement   Division  link  of  the  SEC  Home  Page
          <www.sec.gov>.  Investors  can  also  mail  a report to the SEC’s
          Enforcement Complaint Center, Mail Stop 8-4,  450  Fifth  Street,
          Washington, D.C. 20549.

          See also:  L.R. 15864  (September 1, 1998); L.R. 15876 (September
          9, 1998)