UNITED STATES SECURITIES AND EXCHANGE COMMISSION

LITIGATION RELEASE NO. 14862 / April 4, 1996

SECURITIES AND EXCHANGE COMMISSION v. ATRATECH, INC., ANTHONY
GURINO, VINCENT SORENA, PATRICK BORELLO, AUGUSTO AUFIERO, STANLEY
KAPLAN, FRANCIS J. O'REILLY, AND RAYMOND STANKEY, 94 Civ. 6016
(LMM) (S.D.N.Y.)

     The Securities and Exchange Commission (the "Commission")
announced that on March 28, 1996, the United States District
Court for the Southern District of New York issued Final Consent
Judgments of Permanent Injunction and Other Relief ("Final
Judgments") against Vincent Sorena ("Sorena") and Augusto Aufiero
("Aufiero"), and on February 26, 1996, the Court issued a
Judgment by Default against Atratech, Inc. ("Atratech"), a public
plumbing company.

     The Commission's complaint alleged as follows: Sorena,
Aufiero, and others engaged in a scheme to conceal from the
public the fact that Atratech was secretly controlled by Anthony
Gurino ("Gurino"), the owner of Arc Plumbing and Heating Company.

Gurino had previously been barred from bidding for municipal
works contracts by New York City and federal agencies because of
his failure to disclose that he had been indicted for obstruction
of justice in connection with an organized crime prosecution.  By
concealing Gurino's association with Atratech, Atratech
fraudulently obtained approximately $18 million in public works
contracts.

     Sorena and Aufiero, as chief executive officer and vice
president of Atratech, respectively, participated in the fraud
by, among other things, signing public filings that contained
material misrepresentations and omissions concerning Gurino's
control of the company.  In addition, Atratech's financial
statements and books and records were false and misleading. 
Among other things, they overstated accounts receivable and
failed to disclose numerous related party transactions with
Gurino and entities related to him.  Further, during the period
that Gurino's association with Atratech was concealed from the
public, Sorena sold his Atratech stock and made profits of
$245,558.

     Without admitting or denying the complaint's allegations,
Sorena and Aufiero consented to the entry of the Final Judgments,
which permanently enjoin them from violating Section 17(a) of the
Securities Act of 1933 ("Securities Act"), Sections 10(b) and
13(a) of the Securities Exchange Act of 1934, and Rules 10b-5,
12b-20, 13b2-2 (Sorena only), 13a-1 and 13a-13 thereunder.  They
both agreed to be barred from serving as officers or directors of
a public corporation ("officer and director bar").  Sorena also
agreed to be ordered to pay $245,558 in disgorgement, $89,051.84
in prejudgment interest, and a civil penalty of $245,558 pursuant
to the Securities Enforcement Remedies and Penny Stock Reform Act
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of 1990 ("Remedies Act").  Aufiero agreed to pay a Remedies Act
penalty of $20,000.

     Atratech was permanently enjoined from violating Section
17(a) of the Securities Act and Sections 10(b), 13(a) and 13(b)
of the Exchange Act, and 10b-5, 12b-20, 13a-1, 13a-13, and 13b2-1
thereunder.

     Other settlements previously reached include the following:

     Stanley Kaplan, who originally formed Atratech as a blind
pool and served as a director of Atratech after it became a
plumbing company, consented, without admitting or denying the
allegations in the complaint, to a final judgment issued on
August 22, 1994, (i) permanently enjoining him from violating
Section 17(a) of the Securities Act, Sections 10(b) and 13(a) of
the Exchange Act, and Rules 10b-5, 12b-20, 13a-1 and 13a-13
thereunder; (ii) ordering him to disgorge $50,000 in illegal
profits, and pay $11,922.19 in prejudgment interest; (iii)
ordering a Remedies Act penalty of $50,000; and (iv) imposing an
officer and director bar.

     Francis J. O'Reilly, a CPA who audited Atratech's financial
statements, and Raymond Stankey, a CPA who served as the
controller of Atratech, also consented to injunctions and related
relief.  See Lit. Rel. #14201.