Securities and Exchange Commission v. John Wesley Savage and
          Princeton Research, Inc., Civil Action No. 98-CV-7179 (S. D.
          Florida, filed October 27, 1998)

          Litigation Release No. 15954, October 27, 1998.

          FLORIDA STOCK TOUTER AND HIS COMPANY PAY CIVIL FINE OF $40,000 IN
          CONNECTION WITH SEC CHARGES THAT THEY FAILED TO DISCLOSE THEIR
          RECEIPT OF COMPENSATION FOR TOUTING


               The  Securities and Exchange Commission (SEC) announced that
          on October  27,  1998  it  filed a complaint charging John Wesley
          Savage (Savage) and Princeton  Research,  Inc.  (Princeton)  with
          having  violated  the  federal securities laws in connection with
          their  touting  of  the  stocks  of  seven  different  companies.
          Simultaneous  with  the  filing  of  the  complaint,  Savage  and
          Princeton  consented, without  admitting  or  denying  the  SEC's
          allegations,  to the entry of a permanent injunction and to pay a
          civil penalty of $40,000.

               The SEC's  complaint alleges that Savage, who is Princeton's
          president, received  compensation  in  the form of stock or stock
          options  from  five  companies  in  exchange  for  touting  those
          companies or their securities.  The SEC's  complaint also alleges
          that in violation of Section 17(b) of the Securities  Act of 1933
          (Securities  Act),  Savage and Princeton failed to disclose  that
          receipt of compensation  in  the newsletters and daily reports in
          which Savage and Princeton  touted  those  stocks  and which they
          disseminated through the mail, by fax, and over the Internet.

               In  addition,  the  SEC's complaint alleges that Savage  and
          Princeton made material misrepresentations  concerning the stocks
          of two other companies.  According to the SEC's  complaint, while
          Savage  owned shares of those two companies' stocks,  Savage  and
          Princeton made baseless predictions about the likely future price
          of those  stocks  and  also  made  misrepresentations  about  the
          financial condition of one of the companies.

               Savage  and Princeton consented to the relief the SEC sought
          in  its  complaint,   without  admitting  or  denying  the  SEC's
          allegations.  Specifically,  Savage  and Princeton consented to a
          permanent injunction against future violations  of Sections 17(a)
          and  17(b)  of  the  Securities  Act  and  Section 10(b)  of  the
          Securities  Exchange Act and Rule 10b-5 thereunder.   Savage  and
          Princeton also agreed to pay a civil money penalty of $40,000.