UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     LITIGATION RELEASE NO. 15548 / October 31, 1997

     ACCOUNTING AND AUDITING ENFORCEMENT
     RELEASE NO. 981 / October 31, 1997

     SEC v. Bond D. Fletcher and Mediajet, Inc., Civil Action No. 97CV12443(PBS)
     (D. Massachusetts, filed October 30, 1997). 

          The Securities and Exchange Commission announced today the filing of a
     Complaint against Bond Dellapp Fletcher ("Fletcher"), the owner and
     president of Mediajet, Inc. ("Mediajet"), for aiding and abetting the
     financial fraud conducted by Emanuel Pinez ("Pinez") and Centennial
     Technologies, Inc. ("Centennial").  Mediajet, a manufacturer of font
     cartridges for laser printers and located in Beverly, Massachusetts, is
     also named as a defendant in the lawsuit.  The Complaint alleges that, from
     January 1996 through January 1997, Fletcher caused Mediajet to create false
     records and engage in several acts calculated to enable Centennial to
     include more than $3 million in phony revenue in its reported financial
     results.  According to the Complaint, Fletcher engaged in this fraudulent
     conduct at the request of Pinez, the former CEO of Centennial.  In return
     for the participation of Fletcher and Mediajet in Centennial's fraud, Pinez
     gave Fletcher at least 260,000 shares of Centennial common stock.  Fletcher
     subsequently sold those shares for $6,834,184.  The Complaint also alleges
     that Pinez made loans to Fletcher and Mediajet totaling $190,000.

          According to the Complaint, Centennial and Pinez engaged in a
     fraudulent scheme to defraud investors in Centennial stock by falsely
     overstating the company's revenues and profits.  Defendants Fletcher and
     Mediajet aided and abetted Centennial's scheme by, among other things,
     fabricating fictitious purchase orders, signing backdated sales orders
     falsely acknowledging receipt of products from Centennial, accepting
     shipment of mock and/or obsolete computer equipment, and using Centennial's
     funds to purchase treasurers checks, payable to Centennial, on behalf of
     purported Centennial customers.  For example, in January 1997, Fletcher, at
     Pinez's request, signed and backdated fictitious Centennial sales orders
     totaling $1,250,000.  Fletcher, according to the Complaint, was
     acknowledging receipt of Centennial products for Mediajet and two other
     Centennial customers, when, in fact, the only "goods" shipped were holiday
     fruit baskets. 

          The Complaint alleges that Fletcher and Mediajet aided and abetted
     Centennial's violations of several antifraud and reporting provisions of
     the securities laws.  Specifically, the defendants are charged with
     violating Sections 10(b), 13(a), and 13(b)(2)(A) of the Securities Exchange
     Act of 1934 ("Exchange Act") and Exchange Act Rules 10b-5, 13a-1, 13a-13,
     13b2-1, and 12b-20 as aiders and abettors pursuant to Section 20(f) of the
     Exchange Act.  The Complaint, filed in the United States District 
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     Court for the District of Massachusetts, seeks a permanent injunction
     against further violations of those provisions by Fletcher and Mediajet. 

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     The Complaint also seeks disgorgement ofthe defendants' ill-gotten gains
     and a civil penalty against Mediajet.



















































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