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                SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.

SECURITIES EXCHANGE ACT OF 1934
RELEASE NO. 37984 / November 25, 1996

     The Securities and Exchange Commission announced the
temporary suspension, pursuant to Section 12(k) of the Securities
Exchange Act of 1934 ("Exchange Act"), of the securities of
Alliance Industries, Inc. ("Alliance") of Bakersfield, California
for a ten-day period commencing at 9:30 a.m. (EDT) on November
26, 1996 and terminating at 12:00 midnight (EDT) on December 10,
1996.

     The Commission temporarily suspended trading in the
securities of Alliance because of questions that have been raised
about the adequacy and accuracy of information available to the
public on Alliance's internet home page and distributed to
potential investors concerning, among other things, Alliance's
projected sales, revenue and earnings as well as the valuation of
its assets and its business prospects. 

     The Commission cautions broker-dealers, shareholders, and
prospective purchasers that they should carefully consider the
foregoing information along with other currently available
information and any information subsequently issued by the
company.

     Furthermore, brokers and dealers should be alert to the fact
that, pursuant to Rule 15c2-11 under the Exchange Act, as of the
trading suspension, no quotation may be entered unless and until
they have strictly complied with all of the provisions of this
rule.  If any broker or dealer has any questions as to whether or
not he has complied with this rule, he should not enter any
quotation but immediately contact the Staff of the Securities and
Exchange Commission in Washington, D.C.  If any broker or dealer
is uncertain as to what is required by Rule 15c2-11, he or she
should refrain from entering quotations relating to the
securities in question until such time as he or she is familiar
with the rule and is certain that tall of its provisions have
been met.  If any broker or dealer enters a quotation which is in
violation of this rule, the Commission will consider the need for
prompt enforcement action.  

     If any broker-dealer or other person has information that
may relate to this matter, please contact Kevin J. O'Connor at
the Washington, D.C. office of the Securities and Exhange
Commission (202-942-4686).