UNITED STATES SECURITIES AND EXCHANGE COMMISSION

   LITIGATION RELEASE NO. 16660 / August 21, 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 JUDGMENTS BY DEFAULT AGAINST THREE DEFENDANTS IN
   SPECIALIZED MOBILE RADIO FRAUD

   The Securities and Exchange Commission announced that on July 31,
   2000, the Honorable Colleen Kollar-Kotelly, United States District
   Court Judge for the District of Columbia, granted the Commission's
   application for default judgments against defendants John Larson,
   Commonwealth Communications Group (CCG) and Marjet Corp. (Marjet). The
   final judgements ordered the defendants to pay the following sums (1)
   Larson and CCG, jointly and severally, $385,648 disgorgement, $145,052
   prejudgment interest and $385,648 penalty; and (2) Marjet $206,615
   disgorgement, $77,706 prejudgment interest and $206,615 penalty. The
   judgment against Marjet holds Marjet jointly and severally liable with
   other defendants previously enjoined in the case and held liable for
   Marjet's amounts of disgorgement, interest and penalty. The Court
   found that the disgorgement amounts represented the amount of investor
   funds received by the defendants as a result of their unlawful
   conduct.

   According to the complaint, which was filed on March 2, 1999, these
   three defendants 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 Marjet and other
   defendants controlled the specialized mobile radio licenses. These
   defendants failed to disclose this control and Marjet's sale of the
   licenses to the partnerships at enormously excessive prices. The
   complaint further alleges that Larson and CCG, his wholly controlled
   company, among others, functioned as brokers in selling the securities
   without first having registered as such as required by applicable
   securities laws. Further, Larson and CCG used a variety of false and
   misleading sales literature, correspondence and telephone statements
   to sell the securities. These defendants failed to answer, plead or
   otherwise respond to the Commission's complaint. The Court enjoined
   each of these three defendants from violating the antifraud provisions
   of Section 17(a) of the Securities Act and Section 10(b) of the
   Exchange Act and Rule 10b-5 thereunder. The Court also enjoined Larson
   and CCG from violating the securities registration provisions of
   Sections 5(a) and (c) of the Securities Act. Further, the Court
   enjoined defendants Larson and CCG from violating the broker-dealer