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             U.S. Securities and Exchange Commission

Litigation Release No. 15017 / August 15, 1996

United States Securities and Exchange Commission v. The Home Link
Corporation, Home Link of Florida, Inc., Home Link of Nevada,
Inc. and Matt Matson, Case No. 96-6862-CIV-GONZALEZ (S.D. Fla.)

     On July 29, 1996, the United States Securities and Exchange
Commission ("Commission") filed an emergency injunctive action
against the Home Link Corporation ("Home Link"), Home Link of
Florida, Inc.("Home Link-FL"), Home Link of Nevada, Inc. ("Home
Link-NV") (collectively the "Home Link Companies") and Matt
Matson ("Matson") of Fort Lauderdale, Florida, alleging
violations of the antifraud provisions of the federal securities
laws in connection with the offer, purchase and sale of stock of
the Home Link Companies.  

     The Complaint alleged that through the use of press
releases, letters to shareholders, private placement memoranda
and other solicitation documents, defendants directly or
indirectly, misrepresented and/or omitted to disclose to
investors and prospective investors that an institutional
investor bought $6 million worth of Home Link's stock when no
such purchase took place; that Home Link would receive $1.8
billion worth of revenue within the next year when there was no
reasonable basis for making this claim; and that Home Link had
applied for a NASDAQ listing when it had submitted no such
application and there was no reasonable basis for claiming that
it could be listed on NASDAQ.  The Commission's suit sought a
temporary restraining order and other emergency relief, an order
permanently barring Matson from serving as an officer or director
of any publicly reporting company, as well as a permanent
injunction, disgorgement of ill-gotten gains and civil money
penalties.

     On July 31, 1996, the Honorable Stanley Marcus, United
States District Court Judge of the Southern District of Florida,
entered a temporary restraining order against Home Link, Home
Link-FL, Home Link-NV and Matt Matson.  The order restrained
defendants from violating Section 17(a) of the Securities Act of
1933, and Section 10(b) and Rule 10b-5 of the Securities and
Exchange Act of 1934.  The Court also froze defendants' assets
and ordered them to preserve their records and render an
accounting.   

     On August 1, 1996, the Commission made an emergency request
for the appointment of a receiver for the Home Link Companies. 
On August 2, 1996, the Honorable Edward Davis appointed William
Nortman, of Miami, Florida, as receiver for the Home Link
Companies.  On August 7, 1996, the Honorable Edward Davis entered
a preliminary injunction, with Matson's and the Home Link
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Companies' consent, preliminarily enjoining them from future
violations of the antifraud provisions of the securities laws.  

     Previously, on June 10, 1996, the Commission issued an order
suspending trading in Home Link stock, based on what appeared to
be inaccurate information concerning the stock.