SECURITIES AND EXCHANGE COMMISSION
                                  Washington, D.C.

          Litigation Release No. 16050 / February 2, 1999

          SEC v. FLOYD LELAND OGLE, DONALD TABOR, KAILEY MINING CO., REUBEN
          PETERS, PETERS SECURITIES CO., LP, ALBINAS KURKULIS, ANDREW
          KURKULIS, PAUL KURKULIS, GARY COTTEN, AND ROBIN OPP, Civil Action
          No. 99 C 609 (U.S. District Court for the Northern District of
          Illinois, Eastern Division)

          SEC BRINGS CROSS-BORDER MICROCAP FRAUD CHARGES AGAINST FORMER
          PRESIDENT OF EXSORBET INDUSTRIES, MANAGING PARTNER OF PETERS
          SECURITIES, AND CANADIAN-BASED KAILEY MINING COMPANY

               The Securities and Exchange Commission, in continuing its
          effort to crackdown on cross-border microcap fraud, late
          yesterday charged Floyd Leland Ogle, the former president of
          Exsorbet Industries, Inc. of Arkansas,  Reuben Peters and his
          firm, Peters Securities Co., LP of Chicago, Illinois, the market
          maker for Exsorbet stock, and Ogle’s Canadian partner, Donald
          Tabor and his Canadian company, Kailey Mining Co., with
          manipulating Exsorbet’s stock from 1993 to 1996.

               The SEC’s complaint, filed in U.S. District Court in
          Chicago, seeks permanent injunctive relief, accountings,
          disgorgement of ill-gotten gains, pre-judgment interest, civil
          money penalties, and officer and director bars based upon
          numerous violations of the antifraud and registration provisions
          of the federal securities laws.

               Exsorbet Industries, currently named Consolidated Eco-
          Systems, Inc., produced a peat moss oil absorbent product which
          was purportedly useful in environmental cleanup and remediation
          services. The SEC’s complaint alleges that the defendants pushed
          the price of Exsorbet stock from $1 to $13 a share by giving or
          receiving bribes for participation in the manipulation,
          controlling the floating supply of Exsorbet stock, artificially
          fixing the opening price at $5 on the first day of public trading
          on February 4, 1994, and dominating and controlling the secondary
          market in the stock. The SEC also alleges extensive cross-border
          manipulation of Exsorbet’s stock by Ogle friend and business
          partner Donald Tabor of Kelowna, British Columbia, Canada and
          Tabor’s company, Kailey Mining Co., including wash sales and
          matched trades, through four Canadian broker-dealers. The
          complaint further alleges that Ogle and Cotten issued a forged
          Environmental Protection Agency endorsement letter of Exsorbet’s
          oil absorbent product, and issued a false press release stating
          that Exsorbet had obtained $5 million in contracts.