SECURITIES AND EXCHANGE COMMISSION
                                  Washington, D.C.

          Litigation Release No. 16050 / February 2, 1999

          SEC v. FLOYD LELAND OGLE, DONALD TABOR, KAILEY MINING CO., REUBEN
          PETERS, PETERS SECURITIES CO., LP, ALBINAS KURKULIS, ANDREW
          KURKULIS, PAUL KURKULIS, GARY COTTEN, AND ROBIN OPP, Civil Action
          No. 99 C 609 (U.S. District Court for the Northern District of
          Illinois, Eastern Division)

          SEC BRINGS CROSS-BORDER MICROCAP FRAUD CHARGES AGAINST FORMER
          PRESIDENT OF EXSORBET INDUSTRIES, MANAGING PARTNER OF PETERS
          SECURITIES, AND CANADIAN-BASED KAILEY MINING COMPANY

               The Securities and Exchange Commission, in continuing its
          effort to crackdown on cross-border microcap fraud, late
          yesterday charged Floyd Leland Ogle, the former president of
          Exsorbet Industries, Inc. of Arkansas,  Reuben Peters and his
          firm, Peters Securities Co., LP of Chicago, Illinois, the market
          maker for Exsorbet stock, and Ogle’s Canadian partner, Donald
          Tabor and his Canadian company, Kailey Mining Co., with
          manipulating Exsorbet’s stock from 1993 to 1996.

               The SEC’s complaint, filed in U.S. District Court in
          Chicago, seeks permanent injunctive relief, accountings,
          disgorgement of ill-gotten gains, pre-judgment interest, civil
          money penalties, and officer and director bars based upon
          numerous violations of the antifraud and registration provisions
          of the federal securities laws.

               Exsorbet Industries, currently named Consolidated Eco-
          Systems, Inc., produced a peat moss oil absorbent product which
          was purportedly useful in environmental cleanup and remediation
          services. The SEC’s complaint alleges that the defendants pushed
          the price of Exsorbet stock from $1 to $13 a share by giving or
          receiving bribes for participation in the manipulation,
          controlling the floating supply of Exsorbet stock, artificially
          fixing the opening price at $5 on the first day of public trading
          on February 4, 1994, and dominating and controlling the secondary
          market in the stock. The SEC also alleges extensive cross-border
          manipulation of Exsorbet’s stock by Ogle friend and business
          partner Donald Tabor of Kelowna, British Columbia, Canada and
          Tabor’s company, Kailey Mining Co., including wash sales and
          matched trades, through four Canadian broker-dealers. The
          complaint further alleges that Ogle and Cotten issued a forged
          Environmental Protection Agency endorsement letter of Exsorbet’s
          oil absorbent product, and issued a false press release stating
          that Exsorbet had obtained $5 million in contracts.

               Floyd Leland Ogle was convicted in Canada in 1987 for
          criminal conspiracy to manipulate the stock of a Canadian
          company, for possession of stolen property, and for obstruction
          of justice. The other defendants named in the SEC’s lawsuit were
          Chicago stockbrokers Albinas Kurkulis, Andrew Kurkulis, and Paul
          Kurkulis, former San Diego stockbroker Robin Opp, and former
          Exsorbet executive vice president Gary Cotten of Muskogee,
          Oklahoma. Cotten is currently under federal indictment in New
          York City for securities fraud related to the bribery of
          stockbrokers. The Commission is seeking to enjoin the defendants
          based on violations of Sections 5 and 17(a) of the Securities Act
          of 1933 and Sections 10(b) and 15(c)(1) of the Securities
          Exchange Act of 1934, and Rules 10b-5, 10b-6, and 15c1-2
          thereunder.

               Exsorbet stock, stock symbol "EXSO," started trading in the
          National Quotation Bureau Pink Sheets on February 4, 1994, moved
          to the Over-the-Counter Bulletin Board on March 9, 1994, and
          became listed on the NASDAQ Small Cap Market on November 27,
          1995. At its peak on September 22, 1995, Exsorbet’s market
          capitalization was $105.5 million. Because Exsorbet stock traded
          in these markets and was thinly capitalized, it is considered a
          "Microcap" stock. This Enforcement action is part of the SEC’s
          four-pronged approach to minimizing Microcap fraud: enforcement,
          inspections, investor education, and regulation. For more
          information about the SEC’s response to Microcap fraud, visit the
          SEC’s Microcap Fraud Information Center at
          http://www.sec.gov/news/extra/microcap.htm.