SECURITIES AND EXCHANGE COMMISSION Washington, D.C. Litigation Release No. 15616 / January 16, 1998 SEC v. STRUTHERS INDUSTRIES, INC. and WINCO CORP., Misc. No. 97-305 (D.D.C. January 12, 1998) On January 12, 1998, Judge Thomas F. Hogan of the United States District for the District of Columbia found Struthers Industries, Inc. and WINCO Corp. in civil contempt of court for failing to obey the court s prior order enforcing the Securities and Exchange Commission s document subpoenas to the two companies. Struthers and WINCO are affiliated Los Angeles companies involved in seeking commercial applications for Interactive Video and Data Services and other Federal Communications Commission broadcast licenses. Judge Hogan ordered Struthers and WINCO to produce all documents responsive to the subpoenas by 10:30 a.m. on January 13, 1998 (January 15 for any documents located in California), and to make their custodians of records available for testimony at the Commission s Washington, D.C. office by January 26, 1998. The court also ordered that both companies separately pay a fine of $1,000 per day for each day they fail to purge their contempt by complying with the court s order. Struthers produced documents to the Commission on January 12 shortly after the court s order was issued. Struthers common stock is traded on the Over-the-Counter Bulletin Board. On January 9, 1998, the Commission suspended trading in Struthers securities based on questions regarding the accuracy of certain statements and regarding material omissions in the company s public disclosures. In particular, the Commission s order noted questions concerning (1) the value of certain broadcast licenses in which Struthers claims to have an ownership interest, (2) the presence of or potential for a recapitalization which will enable Struthers to pursue its business plan, and (3) the resignation of Struthers auditors. ======END OF PAGE 1======