SECURITIES AND EXCHANGE COMMISSION

   Litigation Release No. 16625 / July 13, 2000
   Accounting and Auditing Enforcement Release No. 1286 / July 13, 2000

   SEC FILES COMPLAINT AND OBTAINS INJUNCTION AGAINST MICHAEL A. PUHR,
   FORMER CEO OF ROCKY MOUNTAIN INTERNATIONAL, LTD.

   Securities and Exchange Commission v. Michael A. Puhr, No.
   00-2387-CIV-KING (S.D. Fla.) (filed July 6, 2000).

   The Securities and Exchange Commission (SEC) announced that on July 6,
   2000, it filed a civil complaint against Michael A. Puhr of
   Westminster, Colorado, in connection with fraudulent statements made
   in certain press releases disseminated to the public, and filings made
   with the SEC, by Rocky Mountain International, Ltd. ("Rocky
   Mountain"). At the time of these false statements, Puhr was the chief
   executive officer and president of Rocky Mountain. Simultaneously with
   the filing of the complaint, Puhr agreed to settle the charges against
   him by consenting to the entry of permanent injunctive relief, without
   admitting or denying the allegations in the complaint.

   In its complaint, the SEC alleges that in October 1997, Rocky Mountain
   filed false and misleading financial statements with the SEC and
   issued false press releases that were disseminated to the investing
   public. In particular, Rocky Mountain filed a Form 8-K and issued a
   press release that falsely claimed that Rocky Mountain's assets were
   worth more than $21 million. In contrast, the Company's assets were
   worth, at most, a third of that value. In addition, the press releases
   also failed to disclose material information about Rocky Mountain's
   garment manufacturing operations.

   The complaint seeks permanent injunctive relief and civil money
   penalties from Puhr based on allegations that he violated Sections
   10(b), 13(a), 13(b)(2) and 13(b)(5) of the Securities Exchange Act of
   1934 and Rules 10b-5, 12b-20 and 13a-11 thereunder. Simultaneously
   with the filing of the SEC's complaint, Puhr agreed to settle the
   action against him by consenting, without admitting or denying any of
   the allegations contained in the SEC's complaint, to the entry of a
   permanent injunction against future violations of the sections and
   rules of the federal securities laws referred to above. The SEC will
   not seek civil penalties from Puhr due to his demonstrated financial
   inability to pay. United States District Judge James Lawrence King
   entered the permanent injunction against Puhr on July 10, 2000.

   Previously, the Commission suspended trading in Rocky Mountain's stock
   for a ten-day period effective December 22, 1997. (See Securities
   Exchange Act No. 34-39471).