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         UNITED STATES SECURITIES AND EXCHANGE COMMISSION

LITIGATION RELEASE NO. 15047 / September 16, 1996

SECURITIES AND EXCHANGE COMMISSION v. ENVIROMENT HOLDINGS, INC.,
et al., 3:95-CV-2192-H, USDC, ND/TX (Dallas Division)

     The Securities and Exchange Commission ("Commission")
announced that on September 3, 1996, a final judgment of
permanent injunction and other equitable relief was entered in
United States District Court in Dallas, Texas, against Domenick
Schina ("Schina"). Without admitting or denying the allegations
in the Commission's complaint, Schina consented to be permanently
enjoined from future violations of the securities registration
and anti-fraud provisions of the federal securities laws based on
his participation in the fraudulent offer and sale of the
securities of EnvirOment Holdings, Inc ("EHI"). As alleged in the
complaint, Schina, a former registered representative of a
broker-dealer, received cash and free-trading EHI stock as an
inducement to recommend EHI stock to his clients.

     The Court also ordered Schina to pay disgorgement in the
amount of $125,368.81, plus prejudgment interest thereon,
representing his gains from the conduct alleged in the complaint.
However, based on Schina's demonstrated poor financial condition,
collection of all but $25,000 was waived. Additionally, because
of his poor financial condition, a civil money penalty was not
imposed.
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PERMANENT INJUNCTION ENTERED AGAINST DOMENICK SCHINA

     The Commission announced that on September 3, a final
     judgment of permanent injunction and other equitable relief
     was entered in United States District Court in Dallas,
     Texas, against Domenick Schina (Schina). Without admitting
     or denying the allegations in the Commission's complaint,
     Schina consented to be permanently enjoined from future