SECURITIES AND EXCHANGE COMMISSION
                                  DENVER, COLORADO

          LITIGATION RELEASE NO. 16128 \ April 29, 1999

          Securities  and  Exchange  Commission v. Richard Carlos Powelson,
          individually and dba PBS Trust,  Roger Frederick Kline, and Bryan
          Paul Shortsleeve, (M.D. Fla., Civil No. 98-949-CIV-T-23F)


               The  Commission  announced  today   that   it  has  obtained
          injunctions against two promoters of a get-rich-quick real estate
          infomercial investment scheme that raised over $1 million from at
          least 15 elderly investors.  Richard C. Powelson, of Kansas City,
          Missouri, who did business under the name PBS Trust, and Roger F.
          Kline, of St. Petersburg, Florida, were permanently enjoined from
          making fraudulent offers and sales of securities on April 23, and
          April 16, 1999, respectively, by Judge Steven D.  Merryday of the
          United States District Court for the Middle District  of Florida.
          Powelson  and  Kline consented, without admitting or denying  the
          Commission’s allegations,  to  entry  of  the injunctions against
          violations of the anti-fraud provisions of  Section  17(a) of the
          Securities Act of 1933, Section 10(b) of the Securities  Exchange
          Act of 1934, and Rule 10b-5.

               The  Commission’s  complaint,  filed on May 5, 1998, alleges
          that  between October 1994 and April 1996,  Powelson,  Kline  and
          others  sold  investment  contracts to raise money to pay for the
          production and televising of  an  "infomercial" that  encouraged
          viewers to subscribe to Powelson’s get-rich-quick course  on real
          estate investments.  Powelson, Kline, and others promised returns
          of  at  least  150  percent  in  six  to eight months from the on
          projected  sales  of 300,000 real estate  courses  claiming  that
          Powelson  had  achieved   great   past   successes  with  similar
          infomercials.  Such representations were baseless,  according  to
          the  Commission,  because  Powelson  had never before produced an
          infomercial, and ones in which he had  appeared as a speaker were
          not successful.  Further the defendants  failed  to disclose that
          Powelson  had  previously filed for personal bankruptcy  and  had
          been barred from  real estate transactions with the Department of
          Housing and Urban Development.

               The Commission’s  claims  against Bryan Shortsleeve, another
          defendant also from St. Petersburg, Florida, are pending.