U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 19024 / January 6, 2005

SECURITIES AND EXCHANGE COMMISSION V. KS ADVISORS, INC., KS CONDOR PARTNERS, LTD., II, DAMIAN PARTNERS, LLC, SCOTT FINE AND KEVIN BOYLE, Case No. 2:04 -CV-105- FTM-29DNF (M.D. Fla.)

JUDGMENT OF PERMANENT INJUNCTION AND OTHER RELIEF ENTERED AGAINST DEFENDANTS KS ADVISORS, INC., KS CONDOR PARTNERS, LTD., II, AND DAMIAN PARTNERS, LLC

The Securities and Exchange Commission announced that on December 27, 2004, the United States District Court for the Middle District of Florida entered a Judgment of Permanent Injunction and Other Relief against Defendants KS Advisors, Inc., KS Condor Partners, Ltd., II, and Damian Partners, LLC. The Judgment, entered with the consent of Defendants, without admitting or denying the allegations of the Commission's Complaint, enjoins them from violations of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and as to Defendant KS Advisors, Sections 206(1) and 206(2) of the Investment Advisers Act of 1940.

For further information, see Litigation Release No. 18600 (February 27, 2004), and Litigation Release No. 18812 (July 29, 2004).

http://www.sec.gov/litigation/litreleases/lr19024.htm