SECURITIES AND EXCHANGE COMMISSION

   LITIGATION RELEASE NO. 16666 / August 29, 2000

   Securities and Exchange Commission v. Internet Telecommunications
   Albany System SMR, et al., Civil Action No. 1 99CV00539 (CKK) (D.D.C.)

   COURT ENTERS FINAL JUDGMENT AGAINST JOHN C. TRIMPIN IN SPECIALIZED
   MOBILE RADIO FRAUD

   The Securities and Exchange Commission announced that on August 7,
   2000, the Honorable Colleen Kollar-Kotelly, United States District
   Court Judge for the District of Columbia, entered a Final Judgment of
   Permanent Injunction and Other Relief as to John C. Trimpin. The final
   judgment ordered Trimpin to pay $266,800 in disgorgement, $155,876 in
   prejudgment interest and a $266,800 penalty. The judgment holds
   Trimpin jointly and severally liable with other defendants previously
   enjoined in the case and held liable for Trimpin's amounts of
   disgorgement, interest and penalty. The Court found that the
   disgorgement amount represented the amount of investor funds received
   by Trimpin as a result of his unlawful conduct.

   Trimpin admitted the allegations against him contained in the
   Commission's complaint and consented to the entry of the Final
   Judgment. According to the complaint, which was filed on March 2,
   1999, Trimpin and other defendants engaged in fraud in connection with
   the offer and sale to the public of securities designated as
   partnership units in three general partnerships formed to develop
   specialized mobile radio systems in Albany, New York, Reno, Nevada and
   Anchorage, Alaska. The complaint alleges that Trimpin and other
   defendants managed the fund raising and operations of the three
   partnerships, and disseminated sales materials that contained material
   misrepresentations and omissions. The complaint further alleges that
   Trimpin and other defendants controlled the specialized mobile radio
   licenses. These defendants failed to disclose this control and the
   sale of the licenses to the partnerships at enormously excessive
   prices. The Court enjoined Trimpin from violating the securities
   registration provisions of Sections 5(a) and (c) of the Securities Act
   and the antifraud provisions of Section 17(a) of the Securities Act
   and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder.

   See also Litigation Release Nos. 16073 (March 2, 1999), 16592 (June
   15, 2000) and 16660 (August 21, 2000).
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Modified 08/30/2000