U.S. SECURITIES AND EXCHANGE COMMISSION


          Litigation Release No. 15718 / April 22, 1998

          SECURITIES AND EXCHANGE COMMISSION v. NEW ERA TECHNOLOGIES, INC.
          AND BRENT A. JONES, Civil Action No. 98-3009 CAS (SHx) (C.D.
          Cal.)

          The Securities and Exchange Commission announced today that it
          filed an enforcement action in federal court in Los Angeles
          against New Era Technologies International, Inc., based in St.
          Joseph, Missouri, and New Era's former president, Brent A. Jones
          of Ojai, California.  The Commission alleges fraud in the
          purchase and sale of securities issued by New Era, a public
          company.  The Commission asserts that, during Jones' employment
          as New Era's president, he and New Era misrepresented to two
          broker-dealer firms that the company's financial statements were
          audited.  This false information was then incorporated in papers
          submitted to the National Association of Securities Dealers to
          qualify the securities for quotation on the Over-The-Counter
          Bulletin Board.  Some time later, Jones and New Era made false
          statements to shareholders and others concerning the company's
          financial condition.

          The Commission has asked the Court to permanently enjoin New Era
          and Jones from future violations of the securities laws, and
          additionally impose a civil penalty against Jones. New Era has
          consented to the injunction without admitting or denying the
          allegations in the complaint.  The Commission seeks this relief
          for defendants' violations of Section 10(b) of the Securities
          Exchange Act of 1934 ("Exchange Act") and Commission Rule 10b-5.