UNITED STATES SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 15495 / September 16, 1997 SECURITIES AND EXCHANGE COMMISSION V. TELECOM MARKETING, INC.; TELECOM INDUSTRIES, INC.; BARRY SMITH; MIDAS MEDIA, INC.; JEFFREY JOLCOVER; CENTURY WIRELESS COMMUNICATIONS CORP.; RON SCHROEDER; TRI-STAR COMMUNICATIONS, INC.; PAUL IWANKOWSKI; BRIXEL, INC.; and JOHN FIELD IV, Civil Action No. 1:95-CV-0804-ODE (N.D. Ga.) The Securities and Exchange Commission announced that on September 5, 1997, the Honorable Orinda D. Evans, United States District Judge for the Northern District of Georgia entered an order of permanent injunction against Jeffrey Jolcover ("Jolcover") enjoining him from future violations of Section 5 and 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. Jolcover was ordered to pay disgorgement in the amount of $2,328,500, representing the gains he received from the sale of interests in wireless cable projects and prejudgment interest thereon in the amount of $495,739. Jolcover was further ordered to disgorge any ownership interests he had in the Mobile Wireless Partners General Partnership and the Wisconsin Wireless Partners General Partnership. Based upon Jolcover's sworn representations that he was financially unable to pay the entire disgorgement, the Court waived payment of all but $173,388 of the disgorgement and payment of the prejudgment interest. Jolcover was ordered to pay the $173,388 disgorgement to the Receiver within thirty (30) days of the entry of the Order. Jolcover consented to the relief without admitting or denying any of the allegations set forth in a complaint filed by the Commission on March 28, 1995. In its complaint, the Commission alleged that Jolcover obtained funds from investors by misrepresenting or failing to disclose material facts in connection with the promotion, offer and sale of general partnership interests in ventures to promote "wireless cable" television systems. For more information, see L.R. 14451 (March 29, 1995), L.R. 14494 (May 5, 1995), L.R. 15087 (September 27, 1996) and L.R. 15232 (January 30, 1997). ======END OF PAGE 1======