UNITED STATES SECURITIES AND EXCHANGE COMMISSION

         Securities Act of 1933
         Release No. 7641 / February 24, 1999

         Securities Exchange Act of 1934
         Release No. 41102 / February 24, 1999

         Administrative Proceeding File No. 3-9835

         SCOTT P. FLYNN AND STRATEGIC NETWORK DEVELOPMENT, INC.
         ARE NAMED IN SEC PROCEEDINGS FOR TOUTING ISSUERS’
         STOCKS ON INTERNET WEBSITE WITHOUT FULL DISCLOSURE OF
         PAYMENTS OF CASH AND STOCK RECEIVED FROM THE ISSUERS

             The Commission announced today that on February 24,
         1999 it issued an order to institute cease-and-desist
         proceedings against Scott P. Flynn ("Flynn") and his
         company, Strategic Network Development, Inc.
         ("Strategic"), a Minnesota-based investor relations
         company, alleging that Flynn and Strategic violated the
         anti-touting provision of the Securities Act of 1933 by
         publishing profiles of publicly-traded companies on
         Stockprofiles.com, an Internet website, and by e-mail,
         without disclosing fully that Strategic had received
         cash or stock from the issuers in exchange for the
         publications.  In the same order, the Commission
         authorized an administrative proceeding to determine
         whether any remedial sanction against Flynn is
         appropriate and in the public interest based on his
         recent conviction for federal securities fraud.

             The Commission’s order alleges that Flynn, whose
         May 1998 securities fraud conviction stemmed from
         matters unrelated to the Commission’s current
         allegations, and Flynn’s company, Strategic, promoted
         the stock of ten different publicly-traded companies on
         the Stockprofiles.com website in exchange for over
         $180,000 in cash and a total of 322,500 shares of stock
         from issuers profiled on the website.  One of
         Strategic’s featured companies, The Children’s Beverage
         Group, was touted on the website as a "strong
         speculative buy."  The order further alleges that
         Flynn, through Strategic, reached out to Internet
         investors by broadcasting or "spamming" Strategic’s
         "Low Price Stock Alerts" to 500,000 potential investors
         through unsolicited Internet e-mail.  The order alleges
         that as a result of the conduct described, Strategic
         and Flynn violated Section 17(b) of the Securities Act
         of 1933 by touting issuers’ securities on the Internet
         website and by e-mail without disclosing fully the
         nature and amount of compensation received from the
         issuers.  A hearing will be held before an
         administrative law judge to determine whether the
         allegations are true, and if so, whether a cease-and-
         desist order should be entered against Flynn and
         Strategic and if any other remedial sanctions against
         Flynn are in the public interest.