UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     Litigation Release 15512 / September 26, 1997      

     SECURITIES AND EXCHANGE COMMISSION 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 September 17,
     1997, the Honorable Horace T. Ward, United States District Judge for the
     Northern District of Georgia, entered an Order on Disgorgement and Civil
     Penalties as to Jamie Edelkind ("Edelkind").  Disgorgement was set in the
     amount of $23,852.64, representing the ill-gotten gains received by
     Edelkind, and prejudgment interest thereon in the amount of $3,343.10. 
     Edelkind was further ordered to pay a civil penalty in the amount of
     $23,852.64. Edelkind was ordered to pay the disgorgement and prejudgment
     interest within thirty (30) days of the date of the order and to make
     payments on the civil penalty with the first payment due within thirty (30)
     days of the date of the order.

          The Commission's complaint, filed on February 15, 1996, alleged that
     Edelkind made material misrepresentations and omissions regarding the
     financial condition of Sage Technology, Inc. ("Sage"), its ongoing default
     on interest payments owed to purchasers of Sage notes, and the credentials
     of Edelkind, the 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, LR-
     14846 and LR-15370.

               






















                              ======END OF PAGE 1======