UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     LITIGATION RELEASE NO. 15405 / July 7, 1997

     SEC v. FELIX, INC. and HILL SAMUEL BANK (JERSEY) LTD., Royal Court of
     Jersey, Samedi Division.

           The Commission announced that, on July 7, 1997, Deputy Bailiff
     Francis Hamon of the Royal Court of Jersey, Channel Islands, entered
an
     Order of Justice freezing certain assets of Felix, Inc. ("Felix").
Felix
     is an off-shore corporation administered in Jersey, Channel Islands,
U.K.
     On July 4, 1997, the Commission filed its complaint against Felix,
seeking
     to freeze certain assets and insider trading proceeds it holds on
behalf of
     Emanuel Pinez ("Pinez"), the former chairman and chief executive
officer of
     Centennial Technologies, Inc. ("Centennial").

          The Complaint, filed in the Royal Court of Jersey, alleged that
Pinez
     engaged in unlawful insider trading through an account in the name of
Felix
     as well as in his own account.  According to the Complaint, Felix
holds
     approximately $965,000, consisting primarily of the proceeds from its
sale
     of Centennial common stock on February 6 and 7, 1997.  The Complaint
also
     alleges that those funds were transferred from an account at Lehman
     Brothers, Inc. to an account at Hill Samuel (Jersey) Bank Ltd. ("Hill
     Samuel"), Channel Islands, notwithstanding a February 14, 1997 U.S.
     District Court order prohibiting the release of funds controlled
directly
     or indirectly by Pinez.  Hill Samuel, which is not a defendant in
this
     case, has been ordered not to allow any transfer or other disposition
of
     Felix's funds without the prior written consent of the Commission.