U.S. SECURITIES AND EXCHANGE COMMISSION

          Litigation Release No. 15845 / August 12, 1998

          SECURITIES AND EXCHANGE COMMISSION v. INTERNET CASINO SPORTS
          GAMING, LLC, INTERNET CASINO SPORTS GAMING, INC., ROBERT MATIAS
          a/k/a ROBERT DUVALL AND ALAN LENCHNER a/k/a ALAN LANE,
          Civil Action No. 98-6467 MRP (RNBx) (C.D. Cal.)

          The Securities and Exchange Commission ("SEC") announced today
          that it filed an emergency lawsuit in federal court in Los
          Angeles under seal on August 10 seeking to halt the operations of
          two Southern California entities that were conducting a
          fraudulent investment scheme over the Internet to purportedly
          finance, own and operate a virtual casino on-line website.  Named
          in the Complaint are Internet Casino Sports Gaming, LLC and
          Internet Casino Sports Gaming, Inc., both located in Sherman
          Oaks, California, and Robert Matias a/k/a Robert DuVall, age 35,
          of Granada Hills, California and Alan Lenchner a/k/a Alan Lane,
          age 62, also of Granada Hills, California.  Matias and Lenchner
          are managing members of Internet Casino Sports Gaming, LLC and
          officers of Internet Casino Sports Gaming, Inc.  The lawsuit was
          filed as part of the joint SEC and Federal Trade Commission
          "sweep" of entertainment firms entitled "Risky Business."

          The Complaint alleges that from April 1997 through the present,
          the defendants raised approximately $2 million from the offer and
          sale of limited liability units in Internet Casino Sports Gaming,
          LLC to about 152 investors nationwide.  The Complaint further
          alleges that the defendants made material misrepresentations and
          omissions in connection with the offer and sale of these
          securities.  The defendants represented that investor funds would
          be used to develop and operate a virtual casino website and that
          investors could potentially earn a 581% return.  However, the
          defendants misused investors' funds by spending only
          approximately 10% of investor funds on the development and
          licensing of the website while spending almost all of the
          remaining funds on undisclosed and undetermined expenses
          including sales commissions of 35-40% to sales agents and the
          defendants, undisclosed salaries and other payments to the
          defendants and their family members (including payments to
          Matias' father and mother-in-law and Lenchner's daughter),
          undisclosed automobile allowances for the defendants (including a
          1998 Mercedes Benz Sport Utility Vehicle), and operating costs of
          the boiler room soliciting investors.

          The SEC obtained an order freezing the assets of the defendants
          and temporarily enjoining the defendants from future violations
          of Sections 5(a) and 5(c) of the Securities Act of 1933
          ("Securities Act"), the securities registration provisions,
          Section 15(a) of the Securities Exchange Act of 1934 ("Exchange
          Act"), the broker-dealer registration provisions and Section
          17(a) of the Securities Act, Section 10(b) of the Exchange Act
          and Rule 10b-5 thereunder, the anti-fraud provisions.  The
          Complaint seeks preliminary and permanent injunctions, and other
          relief, including disgorgement and civil penalties, against the
          defendants.

          In this case, the Internet was used by the Defendants to publish
          offering materials and to solicit potential investors.  Investors
          are advised to read the SEC's Cyberspace Alert before purchasing
          any investment promoted on the Internet.  This free publication
          which alerts investors to the telltale signs of online investment
          fraud is available on the Investor Assistance and Complaints link
          of the SEC's Home Page on the World Wide Web <www.sec.gov>.  It
          can also be obtained by calling 800-SEC-0330.

          Investors are encouraged to report suspicious Internet offerings
          (or other suspicious offerings) via e-mail to
          <enforcement@sec.gov>.  A user friendly form to assist you in
          making the report is available at the Enforcement Complaint
          Center on the Enforcement Division link of the SEC Home Page.
          Investors can also mail a report to the SEC's Enforcement
          Complaint Center, Mail Stop 8-4, 450 Fifth Street NW, Washington,
          D.C. 20549.