==========================================START OF PAGE 1====== UNITED STATES SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 15194 / December 19, 1996 SEC v. Key West Wireless Partners, (U.S.D.C., S.D. Ohio, Civil Action No. C2-94-767, Amended Complaint filed October 12, 1994) The Securities and Exchange Commission announced that the Honorable Terence P. Kemp, U.S. Magistrate Judge for the Southern District of Ohio, entered Final Judgments and Orders of Permanent Injunction and Other Equitable Relief ("Orders") against Lancaster Broadcasting Partners ("Lancaster Broadcasting") of Lancaster, Pennsylvania, on October 28, 1996, and against Raymond P. O'Connor ("O'Connor") of Allen, Texas, and R.P. O'Connor and Associates, Inc. ("RPO") of Boca Raton, Florida, on November 13, 1996. The Orders enjoined the Defendants from further violations of Section 5 of the Securities Act of 1933, and imposed a $5,000 civil penalty jointly against O'Connor and RPO. The Defendants consented to the entry of the Orders against them without admitting or denying the allegations contained in the Amended Complaint, which was filed on October 12, 1994. The Amended Complaint alleges that Lancaster Broadcasting, O'Connor, and RPO engaged in a scheme to offer and sell unregistered securities in the form of partnership interests in Lancaster Broadcasting, which raised at least $1.3 million. The Amended Complaint also alleges that, as part of the scheme, O'Connor and RPO offered and sold unregistered partnership interests in Key West Wireless Partners ("Key West Wireless"), which raised approximately $4.6 million. The Amended Complaint further alleges that the funds were being raised for the development and operation of wireless cable television systems. The Amended Complaint also alleges that although promotional materials described Lancaster Broadcasting and Key West Wireless as general partnerships, the interests in the partnerships were securities because the significant management power and authority was retained by persons other than solicited investors.