UNITED STATES SECURITIES AND EXCHANGE COMMISSION

      Litigation Release 15370 / May 21, 1997      

      SEC v. Sage Technology, Inc., Jamie Edelkind and William R. Thiele,
      (Civil Action No. 1:96-CV-361-HTW, N.D. Ga.)

            The  Securities and  Exchange Commission  announced that  on May 5,  1997, the
      Honorable Horace  T. Ward, United States District Judge for the Northern District of
      Georgia,  entered  separate  Orders  on  disgorgement  and  civil  penalties  as  to
      defendants  Sage  Technology,  Inc.  ("Sage")  and  William  R.  Thiele  ("Thiele").
      Disgorgement was  set in  the amount  of $350,000  for each  of the  two defendants,
      representing the  gains made by Sage  and Thiele.  Based  upon sworn representations
      made by  Sage and Thiele concerning  an inability to  pay any disgorgement  or civil
      penalties, the Court waived payment of the disgorgement and pre-judgment interest by
      Sage and  Thiele.  Further,  the Court did not  order either defendant  to pay civil
      penalties.

            The  Commission's  complaint, filed  on February  15,  1996, alleged  that the
      defendants made  material misrepresentations  and omissions regarding  the financial
      condition of  Sage, its ongoing default  on interest payments owed  to purchasers of
      Sage notes, and  the credentials  of Jamie Edelkind  ("Edelkind"), president,  chief
      scientist  and principal  shareholder  of Sage.   On  March  11, 1996,  an  order of
      permanent  injunction was entered against  Sage, Thiele and  Edelkind enjoining them
      from future violations  of the securities  laws.  For  further information, see  LR-
      14818, LR-14834 and LR-14846.

                

























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