U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 19325 / August 4, 2005

Securities and Exchange Commission v. David A. Tanner, et al., United States District Court for the District of Kansas, Civil Action No. 05-4057-SAC

DISTRICT COURT CASE RESOLVED AGAINST DYNAMIC ENVIRONMENTAL SOLUTIONS, INC.

The Securities and Exchange Commission announced that on July 26, 2005, the Honorable Sam A. Crow of the United States District Court for the District Of Kansas approved a settlement between the Commission and Dynamic Environmental Solutions, Inc. (DES). Under the terms of the settlement, the Commission's claims against DES were dismissed with prejudice. Along with the dismissal, $65,000 previously frozen by the Court was returned to DES and the court-appointed Receiver kept $190,439.62 for the benefit of defrauded investors.

The Commission's civil action named as defendants David A. Tanner, d/b/a Capital Enhancement Club (CEC) and others. The Commission alleges that Tanner master-minded a scheme to bilk investors of at least $15 million in a fraudulent high-yield investment program promising returns of between 7% to 11% per month (or annual returns of 120% to 260%). DES, who the Commission did not allege was involved in the fraudulent conduct, was a "relief defendant" who allegedly received funds traceable to CEC investors for no consideration.

The pending District Court action is continuing against Tanner, CEC and others.

For further information about the ongoing civil action, see Litigation Release No. 19219 (May 4, 2005) and the court-appointed Receiver's website at www.ceclubreceiver.com.

http://www.sec.gov/litigation/litreleases/lr19325.htm