SECURITIES AND EXCHANGE COMMISSION


          LITIGATION RELEASE NO.  15818   /July 21, 1998

          SECURITIES AND EXCHANGE COMMISSION v. BOND DELLAPP FLETCHER AND
          MEDIAJET, INC. (United States District Court for the District of
          Massachusetts, Civ. No. 97-12443-PBS)

               The Commission announced that Judge Patti B. Saris issued a
          judgment permanently enjoining Bond Dellapp Fletcher ("Fletcher")
          and Mediajet, Inc. ("Mediajet") from future violations of certain
          antifraud, reporting and bookkeeping provisions of the Securities
          Exchange Act of 1934 ("Exchange Act") and ordering Fletcher to
          pay disgorgement of $7,024,184, plus prejudgment interest
          thereon.  Under the terms of the settlement, Fletcher will pay
          approximately $3 million and the remainder will be waived based
          on his demonstrated inability to pay.  Fletcher and Mediajet
          consented, without admitting or denying the allegations in the
          Complaint, to the entry of the final judgments.

               The Commission's Complaint, filed on October 30, 1997,
          alleged that Fletcher, the owner and president of Mediajet, aided
          and abetted the financial fraud conducted by Emanuel Pinez
          ("Pinez") and Centennial Technologies, Inc. ("Centennial").
          Mediajet, located in Beverly, Massachusetts, is a manufacturer of
          font cartridges for laser printers.  According to the Complaint,
          Pinez and Centennial engaged in a fraudulent scheme to defraud
          investors in Centennial stock by falsely overstating the
          company's revenues and profits.  The Complaint alleged that
          Defendants Fletcher and Mediajet aided and abetted the scheme by,
          among other things, fabricating fictitious purchase orders,
          signing backdated sales orders falsely acknowledging receipt of
          products from Centennial, accepting shipment of mock and/or
          obsolete computer equipment, and using Centennial's funds to
          purchase treasurers checks, payable to Centennial, on behalf of
          purported Centennial customers.  For example, in January 1997,
          Fletcher, at Pinez's request, signed and backdated fictitious
          Centennial sales orders totaling $1,250,000.  Fletcher, according
          to the Complaint, was acknowledging receipt of Centennial
          products for Mediajet and two other Centennial customers, when,
          in fact, the only "goods" shipped were holiday fruit baskets.
          Fletcher was enjoined from further violations of Sections 10(b),
          13(a), and 13(b)(2)(A) of the Exchange Act and Exchange Act Rules
          10b-5, 13a-1, 13a-13, 13b2-1, and 12b-20.

               For further information, see Litigation Release No. 15548.