SECURITIES AND EXCHANGE COMMISSION
                                  WASHINGTON, D.C.

          Litigation Release No. 16088 / March 15, 1999

          Securities and Exchange Commission v. Betting, Inc.
          Civil No. 99-CV-00621 (D.D.C.) (filed March 12, 1999)

          On March 12, 1999, the Commission filed a complaint in the United
          States District Court for the District of Columbia against
          Betting, Inc. ("Betting"), an issuer whose securities are quoted
          in the pinks sheets and are traded on the OTC Bulletin Board.
          The complaint alleges that Betting failed to make available to
          the investing public current and accurate information about its
          financial condition and results of operation through the filing
          of periodic reports with the Commission as required by the
          Securities Exchange Act of 1934 ("Exchange Act").   Specifically,
          the complaint alleges that Betting has not filed its Annual
          Reports on Form 10-K for the fiscal years ended August 31, 1997
          and 1998, its Quarterly Reports on Form 10-Q for the fiscal
          quarters ended November 30, 1997 and February 28, May 31 and
          November 30, 1998 and six Notifications of Late Filing with
          respect to its delinquent reports.  The Commission seeks to
          compel Betting to file its delinquent periodic reports and enjoin
          Betting from further violations of Section 13(a) of the Exchange
          Act of 1934 and Rules 12b-25, 13a-1 and 13a-13 thereunder.
          Simultaneously with the filing of the Commission's complaint,
          Betting consented to the entry of a Final Judgment granting the
          relief sought by the Commission and admitted that it had not
          filed the periodic reports as described above.