U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 15082 \ September 27, 1996

Securities and Exchange Commission v. Atlantic Capital
Corporation, Wall Street Marketing, Inc., Pullman Publications,
Inc., Stephen DeCesare, Mark Missler, Patrick Kephart, Howard
Jenkins, Scott Mijares, Robert Thomas Beatty, Vincent St. Clair
Beatty, Michael Cardascia, David Scott Rossman, Adrian Wilson,
Timothy B. Daley, and David M. Connochie (M.D. Fla.) 96-1043-CIV-
ORL-19  

     On September 27, 1996, the Commission filed a Complaint in
U.S. District Court for the Middle District of Florida alleging
that a group of stock promoters engaged in an 18-month fraudulent
scheme in which they paid $477,580 in bribes to seven
stockbrokers to induce them to retail securities to the public. 
The Complaint alleges that the promoters netted approximately
$2.6 million from the scheme.

     The Complaint alleges as follows:  From January 1, 1992
through June 30, 1993, Atlantic Capital Corporation of Orlando,
Florida published six brochures entitled "Investors Edge," each
of which recommended investment in a different little-known,
publicly traded company.  Each company paid Atlantic for this
service in stock options, which Atlantic later exercised to
purchase stock.  Atlantic distributed each brochure to at least
100,000 potential investors.  Thousands of individuals responded
to the brochures, via reply cards or by calling Atlantic's toll-
free phone number.  Atlantic supplied these "leads" to
stockbrokers who had previously agreed to recommend certain of
the stocks to investors, in exchange for bribes to be based upon
the quantity of shares sold.  Atlantic and its affiliates then
sold their stock for net profits totaling $2.6 million.  The
brochures failed to disclose Atlantic's ownership of options or
stock in the companies being promoted, or the arrangements for
payment of bribes.

     Named as defendants (collectively, the "Promoter
Defendants") were:

     Atlantic Capital Corporation, Wall Street Marketing, Inc.,
     and Pullman Publications, Inc., affiliated corporations
     located in Orlando, Florida (collectively, "Atlantic"); 

     Stephen DeCesare, age 35, of Winter Park, Florida, an
     officer and director of Atlantic;

     Mark Missler, age 35, of Alamonte, Florida, an officer and
     director of Atlantic;

     Patrick Kephart, age 32, of Apopka, Florida, an employee of
     Atlantic;
==========================================START OF PAGE 2======

     Howard Jenkins, age 44, of Plano, Texas, a consultant to
     Atlantic, who resided in Ovida, Florida during the relevant
     period; and 

     Scott Mijares, age 36, of Winter Park, Florida, an employee
     of and/or consultant to Atlantic.

Also named as defendants were the following current or former
registered representatives:  

     Robert Thomas Beatty, age 54, of Hollywood, Florida, who was
     employed by First New England Securities Corp. in Deerfield
     Beach, Florida during the relevant period;

     Vincent St. Clair Beatty, age 33, of Parkland, Florida, who
     was employed by First New England during the relevant
     period;

     Michael Cardascia, age 30, of Centerport, New York, who was
     employed by Corporate Securities Group of Orlando, Florida
     during the relevant period;

     David Scott Rossman, age 37, of Castlerock, Colorado, who
     was employed by Kemper Securities in Denver, Colorado during
     the relevant period;

     Adrian Wilson, age 36, of Salt Lake City, Utah, who was
     employed by Covey & Co. in Salt Lake City during the
     relevant period; 

     Timothy B. Daley, age 35, of Odessa, Florida, who was
     employed by Paragon Capital Corporation in Tampa, Florida
     during the relevant period; and 
     David M. Connochie, age 42, of Tampa, Florida and Denver,
     Colorado, who was employed by Paragon Capital and by Mayfair
     Securities, Inc. in Florida and Schneider Securities, Inc.
     in Denver during the relevant period.

     The Complaint charges all defendants with violations of
Section 17(a) of the Securities Act of 1933 ("Securities Act")
and Section 10(b) of the Securities Exchange Act of 1934 and Rule
10b-5 thereunder.  The Complaint also charges the Promoter
Defendants with violations of Section 17(b) of the Securities
Act.  The Complaint seeks permanent injunctive relief and an
order directing that the defendants disgorge their illegal gains,
plus prejudgment interest thereon, and pay civil money penalties
pursuant to the Securities Enforcement Remedies and Penny Stock
Reform Act of 1990.