UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     Litigation Release No. 15603 / January 5, 1998


     SECURITIES AND EXCHANGE COMMISSION V. MILLENNIUM SOFTWARE SOLUTIONS, INC.
     and MARK SHKOLIR, 97 Civ. 9019 (DC) (S.D.N.Y)


          The Securities and Exchange Commission ("Commission") announced today
     that on December 18, 1997, the Honorable Denny Chin of the United States
     District Court for the Southern District of New York issued orders
     preliminarily enjoining defendants Millennium Software Solutions, Inc.
     (Millennium), and its president, Mark Shkolir (Shkolir), from further
     violations of Section 17(a) of the Securities Act of 1933, and Section
     10(b) of the Securities Exchange Act of 1934 and Rule 10b-5, freezing
     Millennium's and Shkolir's assets, requiring Millennium and Shkolir to
     provide an accounting, and prohibiting the destruction of documents. 
     Shkolir consented to the issuance of the order against him.  

          With the Commission's consent, the Court also stayed the Commission's
     action with respect to Shkolir pending resolution of a parallel criminal
     investigation being conducted by the United States Attorney's Office for
     the Southern District of New York. 

          In its Complaint, filed on December 8, 1997, the Commission alleged
     that since at least November 1997, Millennium and Shkolir had raised at
     least $200,000 by offering and selling Millennium common stock and warrants
     to investors while misrepresenting Millennium's financial condition and
     falsely stating that Charles Schwab & Co., a registered broker-dealer, was
     affiliated with the Millennium offering.  (See also Lit. Rel. No. 15583,
     December 9, 1997)





















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