U.S. Securities and Exchange Commission

Litigation Release No. 18337 / September 10, 2003

, Civil Action No. 03-M-0121(OES) (D. Colo.)

   The Securities and Exchange Commission ("Commission") announced that
   on August 28, 2003 the United States District Court for the District
   of Colorado entered a Final Judgment as to Defendant Online Power
   Supply, Inc. The judgment settles the Commission's claims against
   Online in a civil action filed on January 21, 2003. The complaint
   alleges that Online made false and misleading statements or omitted to
   state material facts to investors concerning, among other things,
   compensation that Online paid to registered representatives for the
   sale of its stock and Online's financial prospects.

   Online consented, without admitting or denying any factual allegations
   in the complaint, to the entry of the Order which permanently
   restrains and enjoins Online from violating Sections 5(a), 5(c), and
   17(a) of the Securities Act of 1933 and Sections 10(b), 13(a) and
   13(b)(2)(A) of the Securities Exchange Act of 1934 and Rules 10b-5,
   12b-20, 13a-1 and 13a-13 thereunder.

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Modified 09/10/2003