U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 17400 / March 7, 2002

   Securities and Exchange Commission v. Harral Dunbar, Jr., Individually
   and d/b/a Ghost International, Civil Action Number 02-233-B-M1 (M.D.
   La.)

   TEMPORARY RESTRAINING ORDER ISSUED AGAINST HARRAL DUNBAR, JR. FOR
   SECURITIES FRAUD CONDUCTED ON THE INTERNET AND REGISTRATION VIOLATIONS

   The Securities and Exchange Commission ("Commission") announced today
   that it has filed a complaint in the United States District Court for
   the Middle District of Louisiana against Harral Dunbar, Jr. in his
   individual capacity and d/b/a Ghost International, an Internet Website
   operation. Further, on March 4, 2002, Judge Frank J. Polozola issued a
   temporary restraining order, an order freezing assets and, among other
   things, an order expediting discovery. The complaint alleges that
   Dunbar, of Baton Rouge, Louisiana, owned the Ghost International
   Website and used it to solicit investors in investment contracts by
   promises of inordinate amounts of guaranteed returns and promises of
   no-risk investing. The complaint also alleges that investors have
   received little or no return despite several months of promises by
   Dunbar that returns would be paid.

   The complaint alleges that between mid-001 and the present, Dunbar
   obtained over $7,500 from eleven investors in Canada, Australia and
   the United States by touting Ghost International's "private
   contribution and investment program" which allegedly paid, for
   example, $100,000 on a $200 investment over a few weeks. Dunbar made
   various promises of returns, including ones up to 1000 percent. Dunbar
   made various representations to fraudulently induce investors
   including that his company dealt in "high yield investments" and that
   funds were to be placed in offshore bank accounts, which would pay
   promised returns for five months of a supposed seven-month program.
   The complaint also alleges that Dunbar lulled investors by making
   promises that payments would be made shortly. However, when the time
   elapsed, the promised payments were not forthcoming.

   The complaint charges Dunbar with, and the Court temporarily
   restrained Dunbar from, violations of Sections 5(a), 5(c) and 17(a) of
   the Securities Act of 1933 and Section 10(b) of the Securities
   Exchange Act of 1934, and Rule 10b-5 thereunder. A preliminary
   injunction hearing has been scheduled. The Commission seeks
   preliminary and permanent injunctions against Dunbar as well as an
   order compelling disgorgement of ill-gotten gains, along with
   prejudgment interest and civil penalties. The Commission would like to
   acknowledge the assistance of the Louisiana Securities Commission in