U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 17938 / January 16, 2003

   SEC SETTLES FRAUD CASE AGAINST JDMC GLOBAL CORP. STOCK PROMOTERS

   , Civil Action No. EDCV 01-846 (C.D. Cal.)

   The Securities and Exchange Commission announced today that the U.S.
   District Court for the Central District of California entered settled
   judgments against John W. Duffell and Charles Yost, two former stock
   promoters of JDMC Global Corporation, formerly based in Los Angeles.

   Defendants Duffell and Yost, without admitting or denying the
   allegations of the complaint, consented to the entry of judgments
   permanently enjoining them from committing violations of the antifraud
   provisions of the federal securities laws, Section 17(a) of the
   Securities Act of 1933, Section 10(b) of the Securities Exchange Act
   of 1934 and Rule 10b-5 thereunder. The final judgment against Duffell
   also permanently enjoins him from violating the registration
   provisions of Sections 5(a) and 5(c) of the Securities Act and orders
   him to pay disgorgement of $547,264.60, plus prejudgment interest of
   $218,871.43 and a penalty of $547,264.60. Duffell also consented to
   the entry of an administrative order barring him from participating in
   any offering of a penny stock.

   The final judgment against Yost orders him to pay disgorgement in the
   amount of $25,347.50, plus prejudgment interest, but waives payment of
   disgorgement and prejudgment interest and does not assess civil
   penalties based upon his sworn representations in his statement of
   financial condition. The order further prohibits Yost from
   participating in any offering of penny stock for two years.

   The Commission's complaint charged that from June through September
   1996, Duffell, 52, of Annecy, France, and Yost, 49, of Euless, Texas,
   along with the former CEO of JDMC, Robert N. Rooks, 57, of Los
   Angeles, fraudulently sold JDMC stock. The complaint alleged that
   defendants disseminated false and misleading information concerning
   JDMC's financial condition and supposed South African housing project.
   The complaint further alleged that the defendants' conduct caused
   JDMC's stock price to skyrocket from $.13 to $4, or more than 3,000%,
   during June through September 1996.

   Previously, the Court entered a final judgment against Rooks, finding
   him liable for securities fraud and ordering him to pay a $100,000
   penalty. The Court also found that Duffell violated the securities
   registration provisions of the federal securities laws by engaging in
   an unregistered offer and sale of JDMC stock and directing the