==========================================START OF PAGE 1====== UNITED STATES SECURITIES AND EXCHANGE COMMISSION LITIGATION RELEASE No. 15168 / November 26, 1996 SECURITIES AND EXCHANGE COMMISSION V. GATEWAYS TO SPACE, INC., Civil Action No. 93-0194(HHG) On October 29, 1996, the Honorable Harold H. Greene, United States District Court Judge, entered an Order adjudging defendant Gateways to Space, Inc. ("Gateways") in civil contempt. The Order found that defendant Gateways was in violation of a Final Judgment of Permanent Injunction ("Permanent Injunction") issued by the Court against Gateways on April 16, 1993. The Permanent Injunction permanently enjoined Gateways from future violations of the reporting provisions of the federal securities laws, which require publicly traded companies to file certain periodic reports with the SEC. In addition to finding Gateways in civil contempt, the Court's October 29, 1996 Order provides for daily fines of $500.00 beginning on December 3, 1996 if Gateways has not complied with the Permanent Injunction by that time.