SECURITIES AND EXCHANGE COMMISSION

   Litigation Release No. 16310 / September 28, 1999

   SECURITIES AND EXCHANGE COMMISSION v. FASTCOMM COMMUNICATIONS
   CORPORATION, Civil Action No. 99-1448-A (E.D. Va. September 28, 1999).

   SECURITIES AND EXCHANGE COMMISSION v. CHARLES L. DESLAURIER,

   Civil Action No. 99-1449-A (E.D. Va. September 28, 1999).

   The Securities and Exchange Commission today filed civil injunctive
   actions against FastComm Communications Corporation, a
   telecommunications company based in Sterling, Virginia, and Charles L.
   DesLaurier, formerly FastComm's Vice President of Contracts and
   Administration. The Complaints, filed in the United States District
   Court for the Eastern District of Virginia, charged that FastComm,
   with the knowledge and participation of DesLaurier, engaged in two
   transactions that led to the fraudulent recognition of revenue in
   certain of the company's financial statements during 1993 and 1994.
   These transactions related to purported sales that did not support the
   recognition of revenue under applicable accounting standards.

   According to the Complaints, FastComm recognized $185,000 in revenue
   on a sale of telecommunications products that were not completely
   assembled and not fully functional as originally shipped, and that a
   certain number were packaged and shipped after the close of the fiscal
   quarter. The Complaint as to DesLaurier alleges that he directed the
   shipment of incomplete product and ordered the backdating of Company
   documentation to conceal that certain shipments had been made after
   the end of the quarter.

   The Complaints further allege that FastComm improperly recognized
   revenue of $579,000 during the quarter ended February 5, 1994, on two
   sales to a South American customer. This represented approximately
   one-third of its sales revenue for that period. When finished product
   was not available for shipment to satisfy these orders, unfinished
   product was shipped to a freight-forwarder's warehouse to be held
   until recalled by FastComm. Moreover, this shipment to the warehouse
   was not completed by midnight on the last day of the quarter, and thus
   some or all of the unfinished product was packaged and shipped after
   the close of the fiscal quarter. The Complaint further alleges that
   these sales were contingent upon a letter of credit from the customer,
   which was never provided, and upon a further sale of the product by
   the customer to an end-user. The Complaint as to DesLaurier alleges
   that DesLaurier ordered the shipment of unfinished product to the
   warehouse; that he knew of the conditional nature of the sale; and
   that he was aware of the backdating of Company documentation to