SECURITIES AND EXCHANGE COMMISSION

   Litigation Release No. 16195 \ June 25, 1999

   Federal Judge Permanently Enjoins Four Defendants In Prime Bank Fraud

   The Securities and Exchange Commission ("Commission") announced today
   that Judge Jack T. Camp of the United States District Court for the
   Northern District of Georgia entered an Order of Permanent Injunction
   and Other Relief against Clarence Wayne Cook ("Cook"), Brian E. Causey
   ("Causey"), Haven Quest and Cayman South International, Inc.
   ("Cayman"). The four defendants consented to the entry of permanent
   injunctions without admitting or denying the allegations of the
   Commissions complaint. The complaint alleged that Cook and Causey,
   through their controlled entities Haven Quest and Cayman, orchestrated
   a fraudulent prime bank scheme.

   The Commissions complaint alleged that Cook and Causey individually
   and through Haven Quest and Cayman, effected the scheme by falsely
   promoting the purported trading programs as legitimate, virtually
   no-risk investments with projected returns of 900% in 20 weeks for the
   Cayman program and up to 500% over ten months for the Haven Quest
   program, when the programs touted were non-existent and they had no
   reasonable basis for such projections. Cook and Causey falsely
   represented that investor funds would be secured by bank certificates
   of deposit, and failed to disclose that Haven Quest would pay at least
   20% of all investor funds directly to themselves as purported
   commissions pursuant to undisclosed agreements with Haven Quest. Cook
   and Causey also failed to disclose that $430,000 of funds raised from
   Haven Quest investors would be used to refund monies to Cayman program
   investors when the Cayman program failed due to an unsuccessful
   "trade." The complaint further alleged that while continuing their
   scheme, the defendants conducted offerings by use of the mails and
   other channels in interstate commerce to sell at least $3 million in
   securities in the Cayman and Haven Quest programs to investors
   throughout the country.

   In addition to permanent injunctions to prevent future violations of
   Section 17(a) of the Securities Act of 1933 ("Securities Act") and
   Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act")
   and Rule 10b-5 thereunder, the Court ordered the four defendants to
   disgorge ill-gotten gains in the amounts of $2,010,432 (Cook);
   $2,006,463 (Causey); $958,195 (Haven Quest) and $484,000 (Cayman).
   Disgorgement amounts for Haven Quest and Cayman were waived based upon
   each entitys demonstrated inability to pay. Disgorgement amounts in
   excess of $40,000 each for Cook and Causey were waived based upon each
   of their demonstrated inabilities to pay beyond that amount. The Court
   did not impose civil penalties against any of the defendants based