UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     LITIGATION RELEASE NO. 15627 / January 28, 1998

     SECURITIES AND EXCHANGE COMMISSION v. TRINITY GAS CORPORATION AND SIDNEY W.
     SERS
     Civil Action No. 4:97-CV-1018-Y, (N.D. TX, Fort Worth Division)

          The Securities and Exchange Commission announced that on January 26,
     1998, the Honorable Terry R. Means, United States District Judge, held
     Sidney W. Sers ("Sers"), defendant in this civil injunctive action, in
     civil contempt of a Temporary Restraining Order, entered December 9, 1997,
     and an Order of Preliminary Injunction, entered January 6, 1998, regarding
     the freezing of assets.  Judge Means ordered that a warrant be issued for
     Sers' arrest and that he be placed in confinement until he turns over to
     the Court certain monies, and returns $800,000 removed from Trinity
     Colombia, a defendant named solely for purposes of relief, for immediate
     repatriation to the United States.

          In a related action, In Re Trinity Gas Corporation filed on December
     23, 1997, in the United States Bankruptcy Court, Case No. 97-60245-JCA-11
     (N.D. Tex, San Angelo Division), the Bankruptcy Court has appointed Henry
     C. Seals as Chapter 11 Trustee for the Trinity Gas bankruptcy estate.  On
     January 12, 1998, the Trustee took physical possession of the business
     offices of Trinity Gas.

          The civil injunctive action was instituted on December 8, 1997,
     against Trinity Gas Corporation and Mr. Sers, alleging fraud in connection
     with the sale by Trinity Gas of approximately $11 million of Trinity stock
     to at least 250 investors residing in 13 states; and the sale, on his own
     behalf and on behalf of certain family members, of at least $5.8 million of
     Trinity Gas securities by means of the NASDAQ Bulletin Board and additional
     shares by means of unlicensed salesmen.  See Litigation Release No. 15582,
     December 8, 1997.



















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