U.S. SECURITIES AND EXCHANGE COMMISSION

             Litigation Release No. 15866 / September 2, 1998

             SECURITIES AND EXCHANGE COMMISSION v. KELLIN INVESTMENT
             CORP. and ORLANDO R. LANDA, Civil Action No. 98-7153 ABC
             (RCx) (C.D. Cal.)

             The Securities and Exchange Commission ("Commission")
             announced that, on September 1, 1998, it filed a Complaint
             in the United States District Court for the Central District
             of California against Kellin Investment Corp. ("Kellin") and
             its president, Orlando R. Landa ("Landa"), alleging that
             they violated the antifraud and securities registration
             provisions of the federal securities laws in connection with
             the sale of investments through Kellin.

             The Commission's Complaint alleges that, from April to
             September 1997, Landa, formerly a resident of Temecula,
             California, and Kellin offered and sold securities
             purportedly backed by collateral and typically offering
             returns of 2% per month, raising approximately $4.1 million
             from about 58 investors.  The funds raised were to be used
             for unspecified "investment purposes."  The Complaint
             alleges that Landa and Kellin represented to investors that
             funds would be released for investment purposes only after
             collateral in the form of United States Treasury bills,
             certificates of deposit or "prime bank guarantees" had been
             obtained.  Landa and Kellin, however, never obtained any
             collateral for the investments.  Although they did invest
             approximately $1.9 million of the funds raised in various
             private businesses and ventures, Landa and Kellin failed to
             disclose that they used at least $315,000 of the funds
             raised to pay returns to investors.  The Complaint seeks,
             among other things, permanent injunctions enjoining Landa
             and Kellin from future violations of the provisions of the
             federal securities laws they are alleged in the Complaint to
             have violated, disgorgement of all ill-gotten gains from
             Landa, and the appointment of a receiver over Kellin.

             Landa and Kellin, without admitting or denying the
             allegations in the Complaint, have consented to the entry of
             judgments:  (1) permanently enjoining them from future
             violations of the antifraud provisions of Section 17(a) of
             the Securities Act of 1933 ("Securities Act"), Section 10(b)
             of the Securities Exchange Act of 1934 and Rule 10b-5
             thereunder, and the securities registration provisions of
             Sections 5(a) and 5(c) of the Securities Act; (2) ordering
             Landa to pay disgorgement in the amount of $99,310,
             representing compensation received by him from Kellin,
             together with prejudgment interest, but waiving payment of
             disgorgement and not assessing civil penalties based upon
             his demonstrated inability to pay, except that he is ordered
             to disgorge certain shares of stock; and (3) providing for
             the appointment of a receiver over Kellin.