Securities and Exchange Commission
Washington, D.C.

Litigation Release No. 17431 / March 22, 2002

Civil Action No. C2-00 622, (S.D. OH)

   On December 5, 2001 the Honorable James L. Graham of the U.S. District
   Court for the Southern District of Ohio, permanently enjoined
   defendant Seth Miller for his role in the World Vision Entertainment,
   Inc. ("World Vision") Ponzi scheme. On March 6, 2002, the Court
   entered a Final Judgment of Equitable Relief against defendant Seth
   Miller, ordering him to pay disgorgement and prejudgment interest of
   $327,192, but waiving payment and not imposing a civil penalty based
   on Miller's demonstrated inability to pay. Miller processed the notes
   and acted as an unregistered broker-dealer in a nationwide Ponzi
   scheme involving the offer and sale of unregistered nine-month
   promissory notes issued by World Vision, a company located in
   Altamonte Springs, Florida.

   Specifically, the Commission's Complaint, filed on June 1, 2000,
   alleged that from June 1996 to August 1999, Miller, Jamie P.
   Piromalli, Steven Brewer, A. Michael Jaillett and Richard Mann
   (collectively, "the Defendants"), through World Vision, raised at
   least $64 million from approximately 1,200 investors in 33 states from
   the sale of promissory notes. The Defendants offered and sold
   securities in the form of nine-month promissory notes without
   registering them with the Commission. In furtherance of the scheme,
   the Defendants, directly and indirectly, through a nationwide sales
   network, made numerous false and misleading statements to investors
   about the World Vision notes. For example, the Defendants
   misrepresented that the notes were unconditionally guaranteed and
   insured and that all of the proceeds of the offering would be used to
   develop World Vision's products. In reality, the notes were not
   guaranteed and the Defendants used the proceeds of the note offering
   to pay for the personal and business expenses of company officers and
   directors, to cover interest and principal payments to investors and
   to pay large, undisclosed commissions to the sales network. As a
   result, when World Vision filed for bankruptcy protection in September
   1999, investors lost approximately $52 million.

   On December 5, 2001, the Court permanently enjoined Miller from
   violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of
   1933 ("Securities Act"), and Sections 10(b), 15(a) and 15(c) of the
   Exchange Act of 1934 ("Exchange Act") and Rules 10b-5 and 15c1-2
   thereunder. The Court had previously permanently enjoined Piromalli
   from future violations of Sections 5(a), 5(c) and 17(a) of the
   Securities Act, Section 10(b) of the Exchange Act and Rule 10b-5