SECURITIES AND EXCHANGE COMMISSION

           Litigation Release No.  16039 / January 22, 1999

           SECURITIES AND EXCHANGE COMMISSION V. MILLENNIUM SOFTWARE
           SOLUTIONS, INC. AND MARK SHKOLIR, 97 Civ. 9019 (AKH) (S.D.N.Y.)


              The Securities and Exchange Commission ("Commission") announced
           that, on December 29, 1998, the United States District Court for
           the Southern District of New York entered a Final Judgment By
           Default Of Permanent Injunction And Other Relief Against Defendant
           Millennium Software Solutions, Inc. ("Millennium").  The Final
           Judgment permanently enjoins Millennium from further violations of
           Section 17(a) of the Securities Act of 1933, and Section 10(b) of
           the Securities Exchange Act of 1934 and Rule 10b-5, and directs
           Millennium to disgorge $380,225 (the amount that it profited from
           its fraudulent conduct), plus prejudgment interest, and to pay a
           $380,225 civil penalty.

              The Final Judgment arises from a complaint filed on December 8,
           1997, in which the Commission alleged that since at least November
           1997, Millennium and its president, Mark Shkolir, had raised
           hundreds of thousands of dollars by offering and selling Millennium
           common stock and warrants to investors by misrepresenting
           Millennium's financial condition and falsely stating that Charles
           Schwab & Co., a registered broker-dealer, was affiliated with the
           Millennium offering.  Millennium was described in the Complaint as
           a Delaware corporation that claimed to be in the business of
           developing solutions to computer problems arising from the arrival
           of the year 2000.  Millennium and Shkolir fraudulently raised
           approximately $380,225 from investors.  The money raised from
           investors has been frozen by court order throughout the litigation.
           Millennium failed to answer, plead or otherwise respond to the
           Commission’s Complaint.

              Separately, on May 21, 1998, Shkolir was found guilty of one
           count of conspiracy to commit securities fraud in a criminal
           trial in the United States District Court for the Southern
           District of New York.  U. S. v. Mark Shkolir, No. 98-Cr.-0001
           (PKL) (S.D.N.Y.).  On December 11, 1998, the court sentenced
           Shkolir to imprisonment for thirty months and ordered Shkolir to
           pay a criminal fine of $5,000.  The Commission’s civil
           litigation against Shkolir is pending.