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                SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.

Litigation Release No.  14903 / May 7, 1996

SECURITIES AND EXCHANGE COMMISSION v. FUTURE VISION DIRECT
MARKETING, INC., ET AL. Civ. 96-2107 (NHP) (D.N.J. May 7, 1996)

     The Commission filed an action today alleging fraud in
connection with the sales of securities in wireless cable
television companies and radio broadcasting companies.  The
Complaint which was filed in the United States District Court for
the District of New Jersey names as defendants Future Vision
Direct Marketing, Inc., Eastern Coordinated Financial, Philip
Forma, James Barschow, Bruce Schroeder, Joseph Glenski, Alan
Herr, Herbert Herr, Stanley Mindel, Frank Cardell, Thomas
Ehrlich, Pacific Wireless Communications, Inc., Nationwide
Wireless Corporation, Ronald H. Michel, Steven Regan, William
Richard Horne, Daniel Kelly, and Philip J. Caratozzolo.  

     The Wireless Cable Companies:  In its Complaint, the
Commission alleges that from late 1992 to May 1994, the
defendants orchestrated or participated in the fraudulent offer
and sale of the unregistered securities of two companies,
Southern Tennessee Wireless, Limited-Liability Company, and
Greater Columbia Basin Wireless, Limited-Liability Company, that
purportedly were being established as wireless cable television
broadcasting companies.  The Complaint alleges that Pacific
Wireless Communications, Inc., Nationwide Wireless Corporation,
Ronald H. Michel, Steven Regan, William Richard Horne, Daniel
Kelly, and Philip J. Caratozzolo acted as the principals and
promoters in the wireless cable offerings.  Future Vision Direct
Marketing, Inc., Eastern Coordinated Financial, Philip Forma,
James Barschow, Bruce Schroeder, Joseph Glenski, Alan Herr,
Herbert Herr, Stanley Mindel, Frank Cardell and Thomas Ehrlich
allegedly led the sales efforts for the wireless cable offerings.

     With respect to the defendants' actions in the wireless
cable television offerings, the Complaint alleges that:  (1)
defendants defrauded over 1,000 investors out of over $15 million
through those offerings; (2) that the defendants who controlled
the offerings misappropriated the funds invested by the defrauded
investors; and (3) that defendants fraudulently misrepresented,
among other things, the returns investors would receive from
those investments, the use of the offering proceeds, and the
risks of the investments.

     The Radio Station Companies:  The Commission's Complaint
further alleges that from approximately March 1994 to January
1995, Alan Herr, Herbert Herr, and Stanley Mindel fraudulently
offered and sold unregistered securities and memberships in Bloch
Broadcasting Companies, Inc., WBDN, L.C., WGGG, L.C., and WCNX,





L.C. (collectively, the "radio station companies").  The radio
station companies purportedly were established for the purpose of

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acquiring and operating various radio stations throughout the
country.  Alan Herr, Herbert Herr, and Stanley Mindel allegedly
participated in the sales efforts for the securities and
membership interests in the radio station companies.

     With respect to Alan Herr, Herbert Herr, and Stanley
Mindel's actions in the offering of the radio station companies,
the Complaint alleges that these defendants defrauded investors
out of over $3.7 million through misrepresentations and omissions
of material fact, including, among other things, the returns
investors would receive from investments in the radio station
companies, the assets held by these companies, and the risks of
these investments.

                         * * * * * * *  

     The Commission alleges that, as a result of defendants'
conduct as alleged in the Complaint, the defendants violated the
antifraud provisions and the registration requirements of the
federal securities laws, Sections 10(b) and 15(a) of the
Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and
Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933.
The Complaint seeks an order enjoining all defendants from
further violating the antifraud provisions and the registration
requirements of the federal securities laws, and requiring them
to pay civil penalties and disgorgement, plus prejudgment
interest.  The Complaint also seeks to bar the defendants who are
alleged to have orchestrated the wireless cable television
offerings in the Complaint from acting as officers or directors
of public corporations that register with the Commission.

     Defendants Alan Herr, Herbert Herr, Stanley Mindel, Philip
Forma, Philip J. Caratozzolo and Nationwide Wireless Corporation
have consented to settle the action by agreeing to the entry of
permanent injunctions.  The orders to which Alan Herr, Herbert
Herr, Stanley Mindel and Philip Forma consented require them to
disgorge the funds received as a result of the actions alleged in
the Complaint.  These four defendants also consented to the entry
of administrative orders pursuant to Section 15(b) of the
Exchange Act that permanently bar them from association with any
broker, dealer, investment company, investment adviser, or
municipal securities dealer.  Based on Caratozzolo's demonstrated
inability to pay disgorgement, he was not ordered to pay
disgorgement.  Caratozzolo consented to a permanent bar from
serving as an officer or director of a public issuer.  None of
the other defendants have settled the action.


                   
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