SECURITIES AND EXCHANGE COMMISSION
                                   Washington, D.C.

             LITIGATION RELEASE NO.   15917  / September 30, 1998

             SECURITIES AND EXCHANGE COMMISSION v. LUIS BULAS, JR.
             Civil Action No. 98-2238 CIV-LENARD

             SEC FILES FEDERAL CIVIL COMPLAINT AGAINST LUIS BULAS, JR.

                  The   Securities   and   Exchange   Commission  ("SEC")
             announced  that  on  September 23, 1998 it filed  a  federal
             civil complaint against  Luis  Bulas,  Jr.  ("Bulas") in the
             Southern   District   of   Florida,   seeking   a  permanent
             injunction,  an  accounting  and  disgorgement of ill-gotten
             gains, and civil penalties, based on  allegations  that from
             approximately   March   1995   through  October  1997  Bulas
             misappropriated more than $700,000  from  eleven  investors.
             According to the SEC's complaint, Bulas, a former registered
             representative,  offered  brokerage  services  to the public
             through   his  unregistered  broker-dealers,  JLH  Financial
             Services, Inc. and J.L. Henry & Company, Inc.  The complaint
             alleges that  Bulas  obtained  funds  from  investors on the
             false pretense that he would invest their monies  in stocks,
             mutual   funds,   secured   promissory   notes   and   other
             investments.  The SEC contends that Bulas employed a variety
             of schemes and devices in order to misappropriate investors'
             funds,  including  the  creation of false stock certificates
             and false purchase confirmation  statements.  Based upon the
             above conduct, the SEC alleges that  Bulas  violated Section
             17(a)  of  the  Securities Act of 1933, Sections  10(b)  and
             15(a)(1) of the Securities  Exchange  Act  of  1934 and Rule
             10b-5 thereunder.