U.S. SECURITIES & EXCHANGE COMMISSION

Litigation Release No. 17774 / October 8, 2002

   SEC v. William J. Tishman, et al., Case No. 01-6952-CIV-Dimitrouleas
   (S.D. Fla.) (filed June 5, 2001)

   TELEMARKETER ORDERED TO PAY MORE THAN $1.5 MILLION IN DISGORGEMENT AND
         PENALTIES IN CONNECTION WITH FRAUDULENT SECURITIES SCHEME

   The Securities and Exchange Commission (Commission) announced today
   that on August 27, 2002, the Honorable William P. Dimitrouleas, United
   States District Judge for the Southern District of Florida, issued an
   order imposing disgorgement with prejudgment interest in the amount of
   $1,487,271 and a civil penalty of $50,000 against Jeffrey M. Goldberg
   for his role in a fraudulent securities offering by Medical Research
   Industries, Inc. (MRI).

   In a Complaint filed in June 2001, the Commission alleged that,
   between 1996 and mid-1999, Goldberg was responsible for overseeing
   MRI's telemarketing operation and received commissions in connection
   with the sale of MRI stock. MRI was a Ft. Lauderdale based company
   which allegedly manufactured and marketed homeopathic products, in
   patch form, for a variety of health concerns, including weight loss,
   sex, and sleep disorders. Through a series of fraudulent stock
   offerings, MRI raised approximately $52 million from more than 2,500
   investors nationwide, primarily physicians.

   Goldberg had previously consented, without admitting or denying the
   allegations in the Commission's Complaint, to the entry of a permanent
   injunction for violating the securities registration and antifraud
   provisions federal securities laws. The injunction against Goldberg,
   which was entered on April 18, 2002, enjoins him from future
   violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of
   1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule
   10b-5 thereunder.

   For more information on earlier actions in this case, see (July 16,
   2002) and (March 6, 2002).


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Modified 10/08/2002