SECURITIES AND EXCHANGE COMMISSION

             Litigation Release No. 15999 / December 14, 1998

             S.E.C. v. WARPnet Holdings, LLC and Kevin A. Tauber, Docket
             No. 2:98CV-0884B (U.S.D.C., D.Ut.)

                  The Securities and Exchange Commission announced the
             filing of a Complaint in the United States District Court
             for the District of Utah, on December 11, 1998, seeking a
             temporary restraining order, an asset freeze and other
             relief against WARPnet Holdings, LLC and Kevin A. Tauber
             based on allegations that WARPnet, ostensibly a provider of
             advance Internet technology, and Tauber sold interests in
             WARPnet by falsely claiming the company had agreements to
             provide Internet services for the Church of Jesus Christ of
             Latter-day Saints, the Salt Lake Organizing Committee for
             the Olympic Winter Games of 2002, the Western Governors'
             University and the Rolling Stones rock band.  The complaint
             also alleges Tauber told investors he was a personal friend
             of Michael O. Leavitt, Governor of Utah, and Gordon B.
             Hinkley, President of the Church of Jesus Christ of Latter-
             day Saints; neither Governor Leavitt nor President Hinkley
             recalls having heard of Tauber.

                  The Complaint alleges that since the summer of 1998,
             WARPnet, a Missouri limited liability company, and Tauber,
             originally a resident of Columbia, Missouri, but currently
             living in a Salt Lake City hotel, have sold units in WARPnet
             to investors in Utah and California by telling potential
             investors that they would receive a percentage of the
             profits to be realized by WARPnet from its services
             contracts with the above-mentioned and other entities and
             that WARPnet would repurchase any interests after one year
             at a profit to the investor of $2 per unit.

                  It is alleged that by engaging in such conduct WARPnet
             and Tauber have violated Section 17(a) of the Securities Act
             of 1933 and Section 10(b) of the Securities Act of 1934 and
             Rule 10b-5 thereunder.  On December 11, 1998, the Honorable
             Dale Kimball, United States District Judge, issued a
             temporary restraining order and an asset freeze against
             WARPnet and Tauber and set a hearing on the Commission's
             motion for preliminary injunction for December 18, 1998.