Seawright Holdings (SWRI)

[petermic]

On February 29, 1996, Mr. Sens pleaded guilty in the federal court for the Eastern District of Virginia to one count of failing to disclose the existence of an asset worth approximately $7,000 on a statement of assets filed in a personal bankruptcy case that had been subsequently dismissed by Mr. Sens.

Mr. Sens received one year probation and a fine of $1,000.

FORM 10-KSB
For the fiscal year ended December 31, 1998
Next Generation Media Corp.