SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.

Litigation Release No. 17416 / March 15, 2002

   SECURITIES AND EXCHANGE COMMISSION v. GARY L. MOODY, STEVEN R. MOODY,
   VIRTUAL PRIVATE MARKETPLACE, LTD., AND BILLPAY SYSTEMS LLCCivil Action
   No. 2 02CV-0110B (D. Utah)(filed February 6, 2002).

      SEC OBTAINS PRELIMINARY INJUNCTION TO STOP FRAUDULENT INVESTMENT
                                   SCHEME

   The Securities and Exchange Commission announced today that on March
   6, 2002, the United States District Court for the District of Utah
   entered a preliminary injunction prohibiting defendants Gary L. Moody,
   Steven R. Moody, Virtual Private Marketplace, Ltd., and Billpay
   Systems LLC from engaging in the fraudulent offer and sale of
   securities. The injunction also freezes the defendants' assets. The
   Moodys opposed the issuance of a preliminary injunction. They
   requested a three-week extension of the temporary restraining order
   and then a hearing on the SEC's Motion for Preliminary Injunction. The
   court denied their request.

   The Court previously had entered a temporary restraining order and an
   asset freeze against the defendants on February 6, 2002. The
   Commission's complaint alleges that beginning in 2001, Gary Moody and
   his brother Steven Moody lured investors to send their money to
   Virtual Private Marketplace, Ltd. and Billpay Systems LLC by promising
   them astronomical investment returns in a short time to be paid out in
   coupons that could be used at various retail stores. Defendants raised
   over $500,000 by falsely claiming that the Moodys were experienced
   businessmen, were worth over a billion dollars, and that Gary Moody
   had received, orwas soon to receive, four doctorate degrees from
   Harvard University. In fact, Gary Moody is a convicted felon and
   Steven Moody filed for personal bankruptcy in 2000. In addition, there
   is no evidence that the investors' funds have been placed in income
   generating investments. Instead, investors' funds have been placed in
   bank accounts controlled by the Moodys and investors were paid their
   alleged returns with checks that bounced, and others received just a
   fraction of their original investment.

   The preliminary injunction enjoins Gary Moody and his co-defendants,
   during the pendency of this action, from violating the antifraud
   provisions of the federal securities laws, Sections 5(a), (c), and
   17(a) of the Securities Act of 1933, Section 10(b) of the Securities
   Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. For
   additional information, see L.R. 17355 (February 6, 2002).