UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     LITIGATION RELEASE NO.  15409 / July 9, 1997


     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 announced that on July 3, 1997,
     the United States District Court for the Southern District of New York
     entered a Final Judgment of Permanent Injunctive and Other Relief against
     Patrick Borello.  The Final Judgment is based upon the Court's May 28, 1997
     order granting the Commission's motion for summary judgment against
     Borello.  The Final Judgment enjoins Borello from violating the antifraud
     and reporting provisions of the federal securities laws and from making
     false and misleading statements concerning any public company to its
     auditors.  In addition, the Final Judgment orders Borello to disgorge
     $102,119 in profits and to pay $54,192.04 in prejudgment interest and a
     civil penalty of $50,000.  The Final Judgment also bars Borello from acting
     as an officer or director of a public company.

          Between 1989 and at least 1992, Borello and others engaged in a scheme
     to conceal that Atratech, Inc., a plumbing and heating company, was
     secretly controlled by Anthony Gurino ("Gurino").  Gurino had been barred
     from bidding on public works contracts because of his failure to disclose
     that he had been indicted for obstruction of justice.  By concealing
     Gurino's association with the company, Atratech bid for and won contracts
     on public works projects that it was ineligible to participate in.

          Borello, who was president of Atratech, signed public filings that
     misrepresented and omitted material information concerning Gurino's control
     of the company.  Borello also misled Atratech's accountants about Gurino's
     association with the company in connection with their audit of Atratech's
     financial statements.  In addition, while he was president of Atratech,
     Borello sold his Atratech stock, realizing profits of at least $102,119. 
     Borello violated Section 17(a) of the Securities Act of 1933, Section 10(b)
     of the Securities Exchange Act of 1934 ("Exchange Act"), and Rules 10b-5
     and 13b2-2, and, as a controlling person of Atratech, Section 13(a) of the
     Exchange Act and Rules 12b-20, 13a-1, and 13a-13.













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