UNITED STATES SECURITIES AND EXCHANGE COMMISSION

          Litigation Release No. 15703 / April 13, 1998

          Securities  and  Exchange  Commission  v.  Continental Investment
          Services, Inc., et al., Civ. No. 94-0350-AAM (EDW).

          The  Securities  and  Exchange  Commission  ("Commission")  today
          announced that on March 26, 1998, Judge Alan A. McDonald, Eastern
          District of Washington entered Final Judgements  of  Disgorgement
          and Civil Penalties against Marvin G. Pursinger ("Pursinger"), of
          Salem,  Oregon,  and  Machlene  E. Soderquist ("Soderquist"),  of
          Portland.  Previously, the Court  had  entered final judgments by
          default  permanently  enjoining  Pursinger  and  Soderquist  from
          violating the anti-fraud provisions of the Securities Act of 1933
          ("Securities  Act")  and  the Securities  Exchange  Act  of  1934
          ("Exchange Act").

          The Commission's Complaint  in  this  matter  alleged  that  from
          approximately  May  1992  through  about March 1993 Pursinger and
          Soderquist,  along  with  other  defendants,   made   false   and
          misleading  statements  and  omissions to investors in connection
          with the offer and sale of promissory  notes  of  an Oregon based
          start-up company, Brendon Marshall, Inc. ("BMI").  In particular,
          the  Complaint  alleged  that  Pursinger  and  Soderquist  misled
          investors as to the financial condition of the company,  the  use
          of  the  funds being raised, the operating history of BMI and the
          experience  and  qualifications  of  its promoters to conduct the
          proposed  business,  among  other  things.   The  Complaint  also
          alleged that the defendants failed to  disclose  that  they  were
          using investor monies for their own personal benefit.

          The previously-issued Permanent Injunctions against Pursinger and
          Soderquist  prohibit  them  from  violating  Section 17(a) of the
          Securities  Act and Section 10(b) of the Exchange  Act  and  Rule
          10b-5 thereunder.   The Final Judgments of Disgorgement and Civil
          Penalties require Pursinger and Soderquist each to repay $586,000
          in monies raised from  the  sale  of  BMI  securities,  but waive
          repayment  and  do  not  impose  civil  penalties  based  on  the
          defendants' demonstrated financial inability to pay.

          For further information see Lit. Release No. 14386 and 14282.