UNITED STATES SECURITIES AND EXCHANGE COMMISSION


            Litigation Release No. 15859 / August 24, 1998

            SEC V. DAVID BEDNARSH, M.D. Fla., 98-1586-CIV-T-26E, filed August 3, 1998

            The Commission announced the entry of an Order and Final Judgment of Permanent
            Injunction   and   other  Equitable  Relief  (Order)  against  David  Bednarsh
            (Bednarsh).  The Order,  which  was  entered on August 10, 1998, by the United
            States District Court for the Middle District  of  Florida,  enjoins  Bednarsh
            from  future  violations  of  the  antifraud provisions the federal securities
            laws.  The Order imposes no civil penalties  against  Bednarsh  based  on  his
            demonstrated  inability  to pay.  Bednarsh consented to the entry of the Order
            without admitting or denying the allegations of the Complaint.

            In its Complaint, filed on August 3, 1998, the Commission alleged that
            Bednarsh, as president of Wireless Advantage, Inc. (Wireless), was responsible
            for disseminating to the public three false and misleading press releases
            between November 1993 and June 1994.  Specifically, in a November 1993 press
            release, Wireless reported six-month earnings of over $15 million and assets
            of more than $18 million, when Wireless' actual earnings and assets were no
            more than a fraction of the reported amounts.  Another press release, issued
            in June 1994, trumpeted Wireless' purchase of a company that owned Specialized
            Mobile Radio (SMR) license rights for $12 million.  In the actual transaction,
            however, Wireless paid no cash, only restricted shares of its thinly traded
            preferred stock, to acquire SMR license rights, and the rights were worth
            nowhere near $12 million.  Third, in June 1994, Wireless issued a press
            release announcing that it had developed exclusive hand-held technology for
            gambling and that a Las Vegas casino would soon begin using this technology.
            In fact, neither the technology nor the casino itself existed at the time of
            the press release.  According to the Commission's complaint, during the time
            that Wireless issued these press releases, its stock traded on the NASD
            Bulletin Board System for between $5 and $10.50 per share, and these press
            releases had the effect of supporting this inflated stock price.

            All further inquiries should be directed to John J. Sikora, Jr. of the Midwest
            Regional Office of the Securities and Exchange Commission at (312)353-1678.