UNITED STATES SECURITIES AND EXCHANGE COMMISSION


     LITIGATION RELEASE NO. 15526 / October 2, 1997

     STATE OF TEXAS v. JOHN PATRICK BRINK
     CF #97-1233, Harris County District Court No. 208
                 
          On September 26, 1997, John Patrick Brink was indicted by a grand jury
     in Harris County, Texas, on two counts of securities fraud and two counts
     of misapplication of fiduciary funds. Brink was charged with failure to
     disclose material information to investors who purchased units in ventures
     sponsored by Energy Service Co., Inc., including, among other things,
     information that investors' funds were used for purposes unrelated to those
     for which they had invested, and that the company had insufficient funds to
     pay back investment funds owed to previous investors.

          The indictments are based on activities alleged against Brink in a
     civil action brought by the Commission on March 27, 1997, in United States
     District Court, Houston, against Enserco, Inc., d/b/a Energy Service
     Company, Brink, Anthony J. Leo and Frank Bravo, Jr. The Commission's
     complaint alleges, among other things, that the defendants raised
     approximately $3.6 million from investors for the purpose of purchasing oil
     field equipment and pipe. Enserco was to resell the equipment and return a
     portion of the profits to investors. In fact, according to the complaint,
     Brink operated an undisclosed "Ponzi" scheme whereby monies contributed by
     new investors were paid as purported profits to previous investors.
     Further, the complaint alleges that Brink misappropriated investors' funds.
     The Commission's action is continuing. 
























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