U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 18105 / April 24, 2003

SEC OBTAINS SUMMARY JUDGMENT
AGAINST COMPANY'S STOCK PROMOTER

SECURITIES AND EXCHANGE COMMISSION V. GLOBAL DATATEL, INC., RICHARD BAKER, MARIO HABIB, and STUART BOCKLER, Case No. 01-9108-CIV-RYSCAMP (S.D. Fla.).

The Securities and Exchange Commission ("SEC") announced that on April 16, 2003, United States District Court for the Southern District of Florida entered an Order Granting SEC's Motion for Summary Judgment and Entering Final Judgment of Permanent Injunction and Other Relief against Defendant Stuart Bockler ("Final Judgment"). The Final Judgment enjoins Bockler from violating Section 17(a) and 17(b) of the Securities Act of 1933 ("Securities Act"), Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act") and Rule 10b-5 thereunder, Orders Bockler to pay disgorgement in the amount of $174,616.16, with prejudment interest in the amount $7,985.16, and imposes a civil penalty of $110,000.

On December 26, 2001, the SEC filed a complaint against Bockler and others in connection with stock promotional activities on behalf of Global Datatel, Inc. ("Global" or "the Company"), a company whose common stock was quoted on the Over-the-Counter Bulletin Board. Global hired Bockler, a public relations consultant, to disseminate reports to the investment community about the Company in exchange for shares of Global stock. The SEC's Complaint alleged that from January 1999 through October 1999, Bockler drafted and disseminated at least one dozen glowing reports about Global containing baseless price projections and making "BUY" and "STRONG BUY" recommendations while, at the same time, selling his own shares of the Company's stock. Moreover, Bockler never disclosed in his reports the compensation he was paid by Global, or that he was selling his Global stock. In granting summary judgment in favor of the SEC, Judge Kenneth Ryskamp held that Bockler's conduct constituted a "classic case of `scalping'," in violation of the anti-fraud and anti-touting provisions of the federal securities laws.

Previously, on February 19, 2002, the Court entered a Judgment of Permanent Injunction and Other Relief against Global, upon the consent of its bankruptcy trustee. On May 6, 2002, the Court entered Judgments of Permanent Injunction and Other Relief against Richard Baker (former CEO of Global) and Mario Habib (president of Global's subsidiary, eHola.com, Inc.), by their consent, enjoining them from violating Section 17(a) of the Securities Act, Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. Baker and Habib were ordered to pay civil penalty in amounts of $25,000 and $15,000, respectively.

See also, Litigation Release No. 17300 (January 10, 2002).