U.S. SECURITIES AND EXCHANGE COMMISSION

          Litigation Release No  16037 / January 21, 1999

          SECURITIES AND EXCHANGE COMMISSION v. ASSURED INTERNATIONAL INC.
          AND SAM E. HARRIS, Civil Action No. 99- 00530 DDP (BQRx) (C.D.
          Cal.)

               The Securities and Exchange Commission announced that
          yesterday it sued Assured International Inc. and Sam E. Harris, a
          repeat securities violator, to stop an on-going securities fraud.
          The SEC obtained a Temporary Restraining Order and froze the
          Defendants’ assets. The SEC filed its Complaint in federal
          district court in Los Angeles.

               From February 1998 until the SEC obtained the Restraining
          Order, the Complaint alleges that Assured and Harris raised
          $828,000 from investors.  Assured sought to raise $5,000,000
          through the sale of shares of stock.  The Defendants sold Assured
          stock to 82 unsophisticated investors who live throughout the
          country.  Investors were told that Assured, based in Woodland
          Hills, California, will manufacture and distribute disposable
          latex gloves.  The Commission alleges that sales agents worked in
          a boiler room calling investors.  In their telephone calls, sales
          agents told investors that Assured’s stock would go public in the
          first quarter of 1999 and that investors could sell their stock
          at $5 to $8 per share after the public offering.

               The Complaint alleges that investors were told that three
          officers controlled Assured and were never told that Harris is
          its President and controlled all investor funds.  Harris is a
          repeat securities law violator -- seven states have issued orders
          against him for securities law violations and the National
          Association of Securities Dealers censured, fined, and barred him
          from association with any NASD member.  The Complaint further
          alleges that investors were told that Assured will use investor
          funds only for marketing and sales of latex products, offering
          expenses, working capital, and sales commissions.  The Complaint
          charges that Assured has not manufactured or distributed latex
          products and that Assured and Harris misused investor funds by
          paying $202,422 -- 24 percent-- of investor funds to Harris.

               The Complaint seeks a preliminary and permanent injunction,
          disgorgement, and civil penalties against Assured and Harris for
          violating the antifraud provisions of the securities laws,
          Section 17(a) of the Securities Act of 1933, Section 10(b) of the
          Securities Exchange Act of 1934 and Rule 10b-5 thereunder.  The
          Court set the hearing on the SEC’s application for a preliminary
          injunction for January 29, 1999.