SECURITIES AND EXCHANGE COMMISSION
                                   WASHINGTON, D.C.


             Litigation Release No.  16073 / March  2, 1999

             Securities and Exchange Commission v. Internet
             Telecommunications Albany System
             SMR, et al., (D.D.C. Civil Action No. 99CV00539)

                            SEC FILES SUIT IN $1.2 MILLION
                            SPECIALIZED MOBILE RADIO FRAUD

                  The Commission today filed a complaint in the U.S.
             District Court for the District of Columbia alleging fraud
             in the nationwide sale of unregistered securities by
             unregistered  brokers in three general partnerships
             organized to develop specialized mobile radio systems, i.e.,
             paging systems, in Albany, New York, Reno, Nevada and
             Anchorage, Alaska.  The Commission seeks disgorgement of the
             $1.2 million raised from investors from defendants John C.
             Trimpin, Michael E. Murray, Charles D. King, Ronald L.
             Tobin, Frederic A. Gladle, John Larson, Richard B. Parnell
             and several entities owned and controlled by these parties.
             The defendant  partnerships are: Internet Telecommunications
             Albany System SMR, Internet Telecommunications Reno System
             SMR and Internet Telecommunications Anchorage System SMR
             (the SMR partnerships). The complaint seeks permanent
             injunctions and disgorgement, together with prejudgment
             interest, from all the defendants, and civil money penalties
             from all the defendants except the SMR partnerships.

                  According to the complaint, Trimpin, acting through
             defendant Marjet Corp., a company he controlled, acquired
             specialized mobile radio licenses that he subsequently
             transferred to the Albany and Reno partnerships at grossly
             inflated prices.  Another company, defendant California
             Financial Services (CFS), originally owned and controlled by
             Trimpin and thereafter by King, Murray and Tobin, managed
             the fund raising and operations of the SMR partnerships.
             CFS disseminated sales materials, prepared under Trimpin’s
             direction, that contained material misrepresentations and
             omissions regarding, among other things, the technology to
             be employed by the SMR partnerships, the use of the proceeds
             from the sale of  the partnership units, control of the
             licenses and projected returns to investors.

                  According to the complaint, during the period of the
             offering, from August l994 to August 1996, Larson, Gladle