UNITED STATES SECURITIES AND EXCHANGE COMMISSION

          Litigation Release No. 15995 / December 8, 1998

          Securities and Exchange Commission v. Ronnie R. Neihart and
          Synvion Corporation, Defendants. Civil Action File No. 1:98-CV-
          3341-WBH    (N.D.Ga. December 8, 1998)

               The   Securities   and  Exchange  Commission  ("Commission")
          announced today that, after a hearing on the merits, Judge Willis
          B. Hunt of the United States  District  Court  for  the  Northern
          District  of  Georgia  entered an order against Ronnie R. Neihart
          ("Neihart")  and Synvion  Corporation  ("Synvion")  preliminarily
          enjoining them  from further violations of the federal securities
          laws.  The  Commission's   complaint  which  sought  a  temporary
          restraining  order  and  other   emergency  relief  alleged  that
          defendants Neihart and Synvion engaged  in fraud in the offer and
          sale  of unregistered securities in the form  of  Synvion  common
          stock  using   misrepresentations   and   omissions  of  fact  to
          investors.

                 The Commission's complaint alleges,  and  the Court found,
          that   Neihart   and  Synvion  effected  the  scheme  by  falsely
          representing that  Synvion's  stock  would  be  quoted on NASDAQ,
          touting false representations that the company's  primary  assets
          of   ETA10   supercomputers   had   a   value   of  $20  million,
          misrepresenting  the existence of contracts between  Synvion  and
          various  corporations   when   no   such  contracts  existed  and
          misrepresenting  that Synvion had a stock  lease  agreement  with
          Prudential.  The complaint  also  asserts,  and  the Court found,
          that the defendants mislead investors as to the status  of a 1996
          North  Carolina  cease  and  desist  order  and that Neihart used
          investor  funds for personal items.  The Court  also  found  that
          Neihart and Synvion sold 11 million shares of Synvion stock to 70
          investors in  six  states  since  July  1997, and that since 1985
          Neihart and Synvion (and its corporate predecessors) sold over 60
          million  shares  of  unregistered  stock  to approximately  1,500
          investors in 36 states.

                 The  complaint  seeks  permanent injunctions  against  the
          defendants to prevent their future  violations  of Sections 5(a),
          5(c)  and 17(a) of the Securities Act of 1933 ("Securities  Act")
          and Sections  10(b)  and  13(a) of the Securities Exchange Act of
          1934  ("Exchange  Act")  and  Rules   10b-5,   13a-1  and  13a-13
          thereunder.  The complaint also seeks an accounting, disgorgement
          and  prejudgment  interest from the two defendants,  as  well  as
          civil penalties from defendant Neihart.