SECURITIES AND EXCHANGE COMMISSION

             Litigation Release No.   16006  / December  21, 1998

             S.E.C. v. WARPnet Holdings, LLC and Kevin A. Tauber, Docket
             No. 2:98CV-0884B (U.S.D.C., D.Ut.)

                  On December 18, 1998, the Honorable Dale Kimball,
             United States District Judge, entered a preliminary
             injunction from further violations of the antifraud
             provisions of the federal securities laws against WARPnet
             Holdings, LLC and Kevin A. Tauber and continued in effect an
             asset freeze against the defendants.  On December 11, 1998,
             Judge Kimball had issued a temporary restraining order and
             an asset freeze against the defendants.

                  The Commission's Complaint had alleged that WARPnet,
             ostensibly a provider of advanced Internet technology, and
             Tauber sold interests in WARPnet by falsely claiming the
             company had agreements to provide Internet services for the
             Church of Jesus Christ of Latter-day Saints, the Salt Lake
             Organizing Committee for the Olympic Winter Games of 2002,
             the Western Governors' University, the Rolling Stones rock
             band and singer Garth Brooks.  The Complaint also alleges
             Tauber told investors he was a personal friend of Michael O.
             Leavitt, Governor of Utah, and Gordon B. Hinckley, President
             of the Church of Jesus Christ of Latter-day Saints.

                  The Complaint alleges that since the summer of 1998,
             WARPnet, a Missouri limited liability company, and Tauber
             have sold units in WARPnet by telling potential investors
             that they would receive a percentage of the profits to be
             realized by WARPnet from its services contracts with the
             above-mentioned and other entities and that WARPnet would
             repurchase any interests after one year at a profit to the
             investor of $2 per unit.  It is alleged that by engaging in
             such conduct WARPnet and Tauber have violated Section 17(a)
             of the Securities Act of 1933 and Section 10(b) of the
             Securities Act of 1934 and Rule 10b-5 thereunder.