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         UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 14921 / May 29, 1996  

SEC v. TransAmerica Wireless Systems, Inc., Intercontinental
Telecommunications Corp., and Danny Sterk,                      
(S.D. Fl., Civil Action No. 94-6805-CIV-GONZALEZ)

     The Securities and Exchange Commission announced today that
on May 17, 1996, the Honorable Jose A. Gonzalez, U.S. District
Judge for the Southern District of Florida, entered an Order
setting disgorgement in the amount of $1,007,783.87 as to
defendant Danny Sterk ("Sterk").  Payment is to be made within 45
days of the date of the order.

     In its complaint filed on August 23, 1994, the Commission
alleged that Sterk, as chief executive officer of TransAmerica
Wireless Systems, Inc. ("TransAmerica") and a principal of
Intercontinental Telecommunications Corp. ("ITC"), obtained funds
from investors by misrepresenting or failing to disclose material
facts in connection with the sale of general partnership
interests in ventures formed to create "wireless cable"
television systems.  Among other misrepresentations, TransAmerica
and ITC falsely claimed to be negotiating for FCC licenses and
made unrealistic predictions to investors of the exorbitant
profits to be made from the ventures.

     The disgorgement ordered by the Court came as a result of an
Order of Permanent Injunction and Other Relief, entered by the
Court on November 28, 1995, which provided that Sterk pay
disgorgement in an amount equal to the proceeds received by him
from the sale of partnership interests by Sterk, TransAmerica, or
ITC along with prejudgment interest on the disgorgement.  The
Commission sought and received disgorgement in the amount of
$900,123, the money Sterk received from the scheme, plus
$107,660.87 in prejudgment interest.