UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     Litigation Release No. 15441 / August 13, 1997


     SECURITIES AND EXCHANGE COMMISSION v. INTERACTIVE MEDICAL TECHNOLOGIES
     LTD., WILLIAM E. SHELL, AND CLARK M. HOLCOMB,
     97 Civ. 6027 (S.D.N.Y. August 13, 1997)

          The Securities and Exchange Commission filed a Complaint today
     charging Interactive Medical Technology, Inc. ("IMT"), Dr. William E.
     Shell, the former president of IMT, and Clark M. Holcomb with violating the
     registration provisions of the federal securities laws in connection with
     their offering of approximately 2.5 million shares of IMT common stock to
     the public during 1992 and 1993.  Holcomb was also charged with acting as
     an unregistered broker-dealer in connection with this public offering of
     IMT stock.

          IMT is a corporation with its principal offices in Santa Monica,
     California.  During the relevant time period, IMT was engaged in the
     development of, among other things, dietary supplements.  Shell, age 53, is
     a founder of IMT and a medical doctor with a cardiology practice in Beverly
     Hills, California.  During the relevant time period, Shell served as IMT's
     president, chief executive officer and chairman of the board.  Holcomb, age
     47, is a licensed real-estate agent who resides in Westlake Village,
     California.

          The Complaint alleges that from approximately April 1992 through at
     least June 1993, IMT, Shell and Holcomb raised approximately $5 million
     from the sale of IMT stock to approximately 300 investors.  No registration
     statement was in effect with respect to these shares of IMT stock.  Both
     IMT and Shell were previously enjoined from violating the registration
     provisions, based upon IMT's prior offering of unregistered IMT securities. 
     See SEC v. Interactive Medical Technologies, Ltd., 92 Civ. 6409 (S.D.N.Y.
     1992), Lit. Rel. No. 13354.  The Complaint also alleges that during the
     course of selling shares of IMT stock to the public, Holcomb acted as a
     broker-dealer without registering as one, in violation of the broker-dealer
     registration provisions.  

          The Complaint seeks the following relief: (1) permanent injunctions
     from future violation of Section 5 of the Securities Act of 1933 (i.e., the
     registration provisions) against IMT, Shell and Holcomb; (2) a permanent
     injunction from future violation of Section 15(a) of the Securities
     Exchange Act of 1934 (i.e., the broker-dealer registration provisions)
     against Holcomb and (3) civil penalties against Shell and Holcomb.  

          Simultaneous with the filing of the Complaint, and without admitting
     or denying the allegations therein, IMT and Holcomb consented to the entry
     of Final Judgments of Permanent Injunction.  No civil penalty was imposed
     against Holcomb based upon his demonstrated inability to pay.



                              ======END OF PAGE 1======