UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 15262 / February 21, 1997   

SEC v. James S. Faller II and Rolan Colon,
(S.D. Fla., Civil Action No. 96-7125-CIV-Nesbitt)

     The Securities and Exchange Commission announced today that
on January 15, 1997, the Honorable Lenore C. Nesbitt, United
States District Judge for the Southern District of Florida,
entered a final judgment of permanent injunction and other relief
against Rolan Colon ("Colon") enjoining him from violations of
Section 17(a) of the Securities Act of 1933 and Section 10(b) of
the Securities Exchange Act of 1934 and Rule 10b-5 thereunder.

     In addition to the injunctive relief, the Court ordered
Colon to pay disgorgement in the amount of $17,559, plus
prejudgment interest thereon, representing gains alleged to have
been received by Colon following his purchase of 20,000 shares of
Evro Corporation ("Evro") common stock while in possession of
material non-public information concerning Evro.

     Colon consented to the relief without admitting or denying
the allegations set forth in the complaint, filed by the
Commission on September 30, 1996.  The complaint alleged that
Colon and his co-defendant, James S. Faller ("Faller"), while
acting as consultants for Evro, caused the corporation to issue a
false press statement stating that Evro had obtained a $30
million loan commitment from a European trust to finance the
development and sale of Evro products.  The complaint further
alleged that Colon and Faller knew that the purported loan
commitment was fictitious and that no such loan was ever made to
Evro.  The press release caused an immediate rise in the price of
Evro common stock, at which time Colon sold his shares of the
corporation's stock.