SECURITIES AND EXCHANGE COMMISSION

LITIGATION RELEASE NO. 17205 / October 25, 2001

   Securities and Exchange Commission v. Internet Broadcast Group, et
   al., Civil Action No. 96CV02226 (RCL) (D.D.C.)

      COURT ENTERS FINAL JUDGMENT AGAINST JOHN LARSON AND COMMONWEALTH
                COMMUNICATIONS GROUP IN WIRELESS CABLE FRAUD

   The Securities and Exchange Commission announced that on October 9,
   2001, the Honorable Royce C. Lamberth, United States District Court
   Judge for the District of Columbia, entered a Final Judgment of
   Permanent Injunction and Other Relief as to John Larson and
   Commonwealth Communications Group (CCG). According to the Commission's
   complaint, which was filed on September 26, 1996, these two defendants
   violated various registration and antifraud provisions of the federal
   securities laws in connection with the offer and sale to the public of
   securities designated as partnership units in Internet Broadcast
   Group, a purported general partnership formed to engage in the
   wireless and hardwired cable business in Muskegon, Michigan and Mesa,
   Arizona. The complaint alleges that Larson and CCG, his wholly
   controlled company, functioned as brokers in selling the securities
   without first having registered as such as required by applicable
   securities laws. Further, Larson and CCG used a variety of false and
   misleading sales literature, correspondence and telephone statements
   to sell the securities.

   The final judgment orders the defendants Larson and CCG, jointly and
   severally, to pay disgorgement of $270,978, $174,560 in prejudgment
   interest and a $270,978 penalty. The disgorgement amount represents
   the amount of investor funds allegedly received by the defendants as a
   result of their unlawful conduct. The final judgment enjoins each of
   these defendants from violating the antifraud provisions of Section
   17(a) of the Securities Act of 1933 ("Securities Act") and Section
   10(b) of the Securities Exchange Act of 1934 ("Exchange Act") and Rule
   10b-5 thereunder. The final judgment also enjoins Larson and CCG from
   violating the securities registration provisions of Sections 5(a) and
   (c) of the Securities Act. Further, the final judgment enjoins
   defendants Larson and CCG from violating the broker-dealer
   registration provisions of Section 15(a) of the Exchange Act. Larson
   and CCG agreed to the entry of the final judgment without admitting or
   denying the allegations in the Commission's complaint.

   Larson and CCG have been defendants in other Commission lawsuits. In ,
   filed March 2, 1999, Larson and CCG were charged with violations of
   various registration and antifraud provisions of the federal
   securities laws in connection with the sale of securities in three