U. S. SECURITIES AND EXCHANGE COMMISSION

          Litigation Release No. 15923 / October 2, 1998

          SECURITIES  AND  EXCHANGE  COMMISSION  v. NOLAN W. WADE, NOLAN W.
          WADE d/b/a/
          CAPITAL  FINANCIAL CONSULTANTS, and CHARLES  E.  CAMPBELL,  Civil
          Action No. 98-1857-S (W.D. La.)

                        SEC ALLEGES FRAUD IN CONNECTION WITH
                    DEFENDANTS' EFFORTS TO TAKE COMPANIES PUBLIC

               On  September   29,   1998,   the  Securities  and  Exchange
          Commission sued Nolan W. Wade ("Wade")  and  Charles  E. Campbell
          ("Campbell"), for fraudulently offering and selling securities in
          connection  with their efforts to take several companies  public.
          The complaint  alleges that the defendants made a number of false
          and  misleading  representations   and  omissions  regarding  the
          expected return on investment, the escrowing of investors' funds,
          the use to which investors' funds would  be put, the repayment of
          investors' funds, and the process of bringing  the  companies, in
          which the investors invested, public.  The complaint also alleges
          that  the  defendants  raised  over  $1.8  million  from numerous
          investors in at least seven states and misappropriated  for thier
          own purposes a significant amount of these investors' funds.  The
          alleged antifraud violations occurred at least from 1993  through
          July 1997 in connection with the offer and sale of the securities
          of  EarthNet  Companies,  Inc.,  International  Equity Resources,
          Inc.,  Mississippi Motorplex, Inc., Bio-Solutions  of  Louisiana,
          Inc., Blacklidge  International,  Inc., and CFC Income and Growth
          Fund.  The complaint additionally alleges  that  Wade was engaged
          in  the business of a securities broker and dealer  but  was  not
          registered as required by federal securities law.

               The  Commission  filed  this  action  in  federal  court  in
          Shreveport,  Louisiana.  The Commission charged Wade and Campbell
          with violating  Section  17(a)  of the Securities Act of 1933 and
          Section 10(b) of the Securities Exchange  Act  of  1934  and Rule
          10b-5   thereunder.    The  Commission  also  charged  Wade  with
          violating Section 15(a)  of the Securities Exchange Act for being
          an unregistered broker and  dealer.   The  Commission  is seeking
          permanent injunctions, disgorgement of all ill-gotten gains  plus
          prejudgment interest, civil penalties, and sworn accountings.