World Class Limousines, Inc., 1-800-GET-Limo, Inc. and Anthony P. Caliendo, Jr.

Litigation Release No. 17341 / January 25, 2002

SEC Files Contempt Action Against Defendant Subject to Preliminary Injunction

Securities and Exchange Commission v. World Class Limousines, Inc., 1-800-GET-LIMO, Inc., and Anthony P. Caliendo, Jr., Case No. 01-7834-CIV-JORDAN (USDC SD FL, filed December 5, 2001).

The Securities and Exchange Commission (SEC) announced that on January 17, 2002, the SEC filed with the United States District Court for the Southern District of Florida an Application for an Order to Show Cause why Defendant Anthony Caliendo ("Caliendo") should not be held in contempt for failure to comply with the Court's orders. The application alleged that Caliendo failed to provide a sworn accounting in accordance with Court orders entered on December 6, 2001 and December 12, 2001.

In its Complaint filed on December 5, 2001, the SEC alleged that Defendants World Class Limousines, Inc., 1-800-GET-LIMO, Inc. and Caliendo (collectively referred to as Defendants) were violating the antifraud and registration provisions of the federal securities laws. The SEC alleged that Defendants perpetrated a fraudulent scheme which duped at least 89 unsuspecting investors worldwide out of approximately $1.9 million.

On December 6, 2001, the Court entered an Order granting a Temporary Restraining Order and Other Emergency Relief. On December 12, 2001, pursuant to the consent of Caliendo, the Court entered a Preliminary Injunction and Other Relief as to Caliendo. The Court's December 12, 2001 Order required Caliendo to provide the Court and the SEC with a sworn accounting within five business days.