UNITED STATES SECURITIES & EXCHANGE COMMISSION

     Litigation Release No. 15643 / February 18, 1998

     SECURITIES AND EXCHANGE COMMISSION  v.  ENVIRONMENTAL CHEMICALS GROUP,
     INC., CURTIS A. YOUNTS, JR., CALVIN SHENKIR, Jr., and CALVIN MOERBE, Civil
     Action No. SA 96 CA 1319 (W.D. Texas, San Antonio Div.) 

     SECURITIES AND EXCHANGE COMMISSION v. CURTIS A. YOUNTS, JR., RONALD E.
     HENDRIX and LITTLEFIELD, ADAMS & COMPANY, SA 95 CA 1100 (OLG) (W.D. Texas,
     San Antonio Div.) 

          The Securities and Exchange Commission (the "Commission") announced
     today that Judge Orlando Garcia of the United States District Court for the
     Western District of Texas, San Antonio Division, entered an order requiring
     the liquidation of a 1,171 acre ranch in Texas belonging to Curtis A.
     Younts, Jr. ( Younts ) and/or Diane Younts, in satisfaction of the
     Commission s judgment against Younts for  $668,268 in disgorgement and
     civil penalties in SEC v. Younts, et al., and SEC v. Environmental
     Chemicals Group, Inc., et al. 

          On December 13, 1997, the Court entered a Final Judgment by Consent
     against Younts in SEC v. Younts, et al.  Pursuant to the terms of the
     Consent, Younts agreed, among other things, to pay $600,000 in disgorgement
     and civil penalties. Younts  Consent and the Court s Final Judgment
     required him to make twelve quarterly payments of $50,000 over three years.


          On January 31, 1997, Younts defaulted on his first  quarterly payment.
     On March 4, 1997, the Commission filed an application for an Order to Show
     Cause why Younts should not be held in civil contempt for failure to pay
     Court ordered  disgorgement and civil penalties. On March 12, 1997, the
     Court granted the Commission s application.  In response to the Court s
     Order to Show Cause,  Younts alleged that he was financially incapable of
     meeting his payment obligations.  The Commission alleged that Younts could
     satisfy his obligations by liquidating his ranch located in Bell and Milam
     Counties, Texas, and valued at over $773,000.

          On January 22, 1998, the Court held a hearing to determine whether
     Younts should be incarcerated for failure to meet his payment obligations.
     At the conclusion of the Contempt hearing, the Court entered an Order,
     based on an agreement between the parties, authorizing the appointment an
     agent to oversee the liquidation of the ranch. The Court also imposed
     $68,268 in prejudgment and postjudgment interest which, prior to Younts 
     default, had been waived.  On February 10, 1998, the Court issued an Order
     appointing an equity receiver to sell the ranch by either public auction or
     private sale. The ranch is currently Younts  primary residence. 




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          The Commission's Complaint in SEC v. Younts, et al. alleged that
     Younts, former president, chairman and chief executive officer of
     Littlefield, Adams & Company ("LFA") violated the antifraud, corporate
     reporting and registration requirements of the federal securities laws by,
     among other things, misappropriating more than $1.15 million from LFA and
     engaging in various schemes and fraudulent accounting practices designed to
     inflate artificially  LFA's income and otherwise manipulate LFA's stock
     price.   For further information concerning SEC v. Younts, et al., see SEC
     Litigation Release No. 14547, AAER No. 685 (June 27, 1995).  

           The Commission's Complaint in SEC v. Environmental Chemicals Group,
     Inc., alleged that Younts, former president, chairman and chief executive
     officer of Environmental Chemicals Group, Inc. ( EnChem ) violated the
     antifraud, insider trading, corporate reporting and registration
     requirements of the federal securities laws by, among other things, filing
     periodic reports with the Commission and distributing press releases and
     other materials that contained materially false and misleading
     representations about the company's revenues, product lines and business
     prospects. For further information concerning SEC v. Environmental
     Chemicals Group, Inc., et al., see SEC Litigation Release No. 15183
     (December 11, 1996), AAER No. 862 (December 11, 1996).
      


       
      
      

                                           
























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