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         UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 14846    March 18, 1996

SECURITIES AND EXCHANGE COMMISSION v. SAGE TECHNOLOGY, INC. ET
AL., Civil No. 1 96-CV-361-HTW (N.D. GA)

     The Commission announced that on March 11, 1996, the
Honorable Horace T. Ward, United States District Judge for the
Northern District of Georgia, entered an Order of permanent
injunction against Defendants Sage Technology, Inc. ("Sage"),
headquartered in Smyrna, Georgia, Jamie Edelkind ("Edelkind") of
Kennesaw, Georgia, and William R. Thiele ("Thiele") of Atlanta,
Georgia.  The Order enjoins the Defendants from future violations
of Section 17(a) of the Securities Act of 1933, Section 10(b) of
the Securities Exchange Act of 1934 ("Exchange Act") and Rule
10b-5 thereunder, and enjoins Thiele from future violations of
Section 15(a)(1) of the Exchange Act.  The Defendants are further
ordered to pay disgorgement in an amount to be set by the Court
upon subsequent motion, pay civil penalties in an amount to be
set by the Court, and file an accounting of all funds received in
connection with the sale of Sage notes.  The Defendants consented
to the entry of the Order without admitting or denying the
allegations of the Commission's complaint.

     The Commission's complaint, filed February 15, 1996, alleges
that the defendants made material misrepresentations and
omissions regarding the financial condition of Sage, its ongoing
default on monthly interest payments due previous purchasers of
Sage notes, and the educational accomplishments of Edelkind, the
president and principal shareholder of Sage.  Among other things,
it is alleged that Sage offering materials falsely represented
that Edelkind had received a doctorate degree in physics from
Georgetown University.  The Commission also alleges that Thiele
violated broker-dealer registration requirements in selling Sage
notes.    For further information see LR-14818 and LR-14834.