U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 18091 / April 15, 2003

   U.S. SECURITIES AND EXCHANGE COMMISSION v. AMERICAN HEALTHCARE
   PROVIDERS, INC., ARTHUR W. WHEELER, LARS M. KRAM, ANGEL L. LORIE JR.,
   LUIS F. LORIE, AND MICHAEL ANTHONY LESTER 01 Civ 7649 (B.S.J.)
   (S.D.N.Y.)

       Arthur W. Wheeler, American Healthcare Providers, Inc.'s Chief
     Executive Officer Officer, Is Found Guilty Of Securities Fraud In
                          Parallel Criminal Action

   The Securities and Exchange Commission ("Commission") announced that
   on April 14, 2003, in a parallel criminal proceeding, , 02 Cr. 848
   (S.D.N.Y.) (RMB), defendant Arthur W. Wheeler ("Wheeler"), the
   Chairman and Chief Executive Officer of American Healthcare Providers,
   Inc. ("American Healthcare"), was found guilty of securities fraud and
   conspiracy to commit securities fraud following a jury trial. Wheeler
   is scheduled to be sentenced by the Honorable Richard M. Berman on
   June 26, 2003.

   In the Commission's civil action against Wheeler, ., 01 Civ 7649
   (S.D.N.Y.) (BSJ), the Commission charged American Healthcare
   Providers, Inc., Wheeler and four other individuals for their roles in
   an Internet market manipulation scheme. The Commission's complaint
   alleged that American Healthcare was a start-up company with
   "headquarters" in Wheeler's New York City apartment, and had virtually
   no business operations. The Commission charged that after pumping up
   the price of American Healthcare stock through an extensive campaign
   of false press releases and Internet message board postings, the
   defendants dumped their holdings of the stock on the unsuspecting
   public, reaping at least $1.47 million in illicit gains.

   The Commission previously announced that on May 14, 2002, Judge
   Barbara S. Jones entered final judgments against defendants Michael
   Anthony Lester and Lars M. Kram. In addition, on May 29, 2002, Judge
   Jones entered default judgments against defendants American Healthcare
   and Luis F. Lorie ("Luis Lorie"), a purported "consultant" to American
   Healthcare.

   On November 27, 2002, Luis Lorie pled guilty to one count of
   conspiracy to commit securities fraud for the same conduct alleged in
   the Commission's complaint. On April 1, 2003, Luis Lorie's father,
   Angle L. Lorie, Jr. ("Angle Lorie"), another purported "consultant" to
   American Healthcare and a recidivist securities law violator, pled
   guilty to one count of conspiracy to commit securities fraud and one
   count of securities fraud for the same conduct alleged in the