-------------------- BEGINNING OF PAGE #1 ------------------- SECURITIES AND EXCHANGE COMMISSION Washington, D.C. Litigation Release No. 14687 / October 12, 1995 SEC v. United Communications, Ltd., et. al, (Civil Action No. 95-0400 (JR)) (USDC/DC) The Securities and Exchange Commission announced that on October 10, 1995, The Honorable James Robertson, United States District Judge for the District of Columbia, entered a Final Judgment of Disgorgement against defendants United Communications, Ltd. ("UCL"), Greg E. Parker and Robert Palmarez. The Final Judgment orders these defendants collectively to disgorge the sum of $12,334,040 ($3,997,040 by the individuals, $8,337,000 by UCL), to be funded through the liquidation of defendants' interests in wireless cable television licenses and related assets. Defendants, without admitting or denying the allegations of the Complaint, consented to entry of the Final Judgment. The Commission's Complaint, filed February 27, 1995, alleged that these and other defendants offered and sold unregistered securities of limited liability companies purportedly organized to develop wireless cable television systems, through unregistered high pressure telemarketing sales organizations, and misrepresented and omitted material facts concerning the risks and rewards of the ventures. On April 21, 1995, UCL, Parker and Palmarez consented to Orders of permanent injunction, and to pay disgorgement in an amount to be established subsequently. The funds disgorged by UCL, Parker and Palmarez will be paid to the UCL Disgorgement Fund established February 27, 1995 pursuant to the Final Judgment entered against relief defendant TechniVision, Inc., and will be held with funds disgorged by other defendants for distribution to investors at the close of the case. The case is continuing against the remaining defendants. For further information, see Litigation Release No. 14424.