UNITED STATES SECURITIES AND EXCHANGE COMMISSION

   Litigation Release No. 16377 / December 2, 1999

   SEC V. OMNI INTERNATIONAL TRADING, INC., et al., D.Minn., CIVIL ACTION
   NO. 97-2116, FILED SEPTEMBER 17, 1997.

   The Commission announced the entries of Orders of Permanent Injunction
   and other Equitable Relief against Michael A. Wilcox ("Wilcox") and
   Scott A. Rude ("Rude") on November 30, 1999. Wilcox and Rude consented
   to the entry of the orders without admitting or denying the
   allegations of the Complaint. The orders were based on the
   Commission's Complaint, which was filed on September 17, 1997 and
   alleged that, from in or about January 1991 through in or about
   February 1995, hereinafter referred to as the relevant time period,
   Wilcox, Rude and the other defendants defrauded public investors
   through the offer and sale of over $4 million in Omni International
   Trading, Inc. ("Omni") securities. These securities were not
   registered with the Commission. The Commission's Complaint also
   alleged that throughout the relevant time period, Wilcox, Rude and the
   other defendants, in connection with the offer and sale of these Omni
   shares, made numerous misrepresentations and omitted to state material
   facts regarding, among other things, Omni's future revenues, the use
   of proceeds, the listing of Omni securities for trading on the
   National Association of Securities Dealers Automated Quotations
   system, a purported tender offer, the expected profit to be made on
   the tender offer and the commissions to be earned. In addition, the
   Commission's Complaint alleged that Rude and others acted as an
   unregistered broker or dealer.

   The Honorable David S. Doty of the U.S. District Court for the
   District of Minnesota entered the orders enjoining Wilcox from future
   violations of Section 17(a) of the Securities Act of 1933 ("Securities
   Act"), Section 10(b) of the Securities Exchange Act of 1934 ("Exchange
   Act") and Rule 10b-5 promulgated thereunder. The orders also enjoined
   Rude from future violations of Sections 5(a), 5(c) and 17(a) of the
   Securities Act, Sections 10(b), 15(a)(1) and 15(c) of the Exchange Act
   and Rules 10b-5 and 15c1-2 promulgated thereunder. The orders also
   found that Wilcox should pay disgorgement in the amount of $286,516
   respectively, plus prejudgment interest, however, payment of all but
   $80,000 was waived based on Wilcox's demonstrated inability to pay.
   The orders further found that Rude should pay disgorgement in the
   amount of $237,351, plus prejudgment interest, however, payment was
   waived based on Rude's demonstrated inability to pay.
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Modified 12/06/1999