The Unabridged History of Winners and Losers

[Tatari Gami]

Wall Street Reporter
http://ftp.sec.gov/litigation/litreleases/lr15950.txt

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.

LITIGATION RELEASE NO. 15950 /October 27, 1998

SECURITIES AND EXCHANGE COMMISSION v. STARWOOD MEDIA GROUP,
INC., and JACK MARKS a/k/a JACOB MESTECHKIN, 98 Civ. 7659
(RO) (S.D.N.Y.)

The Commission sued a New York public-relations firm
and its owner for disseminating information about stocks on
their website, Stock-Line.com, without fully and accurately
disclosing that the featured companies had paid for the
touts. Jack Marks, formerly named Jacob Mestechkin, heads
Starwood Media Group, a small firm in lower Manhattan.
Starwood also publishes a monthly print version of the
internet site, Wall Street Reporter, which is distributed
free of charge. The Commission's complaint alleges that
Starwood's publications do not accurately describes the
compensation arrangements with featured companies, as
follows. At least three of the featured companies have paid
consideration to Starwood Media, in cash, stock, or options,
exceeding $10,000 in value. The three companies are a
start-up motorcycle manufacturer, American Quantum Cycles,
Inc.; a golf-course developer, Golf Ventures, Inc.; and a
technology personnel firm, Infocall Communications Corp.
The stocks of all three companies trade on the Over-the-
Counter bulletin board.

Stock-Line's disclosure, buried in a mislabeled
linkage, understates the amount of compensation received for
the touts, and fails to disclose Starwood's receipt of
potentially valuable options. The disclosure in the Wall
Street Reporter is also misleading in stating the featured
companies either "have purchased or may purchase" investor
relations services, when all companies have paid to appear
in the journal. According to the Commission's complaint,
Marks was on notice of the disclosure requirements, and
persisted in his unlawful conduct even after consulting an
attorney on the legal basis for a competitor's disclosure of
specific amounts of stocks and options from featured
companies. The Commission is seeking permanent injunctive
relief and penalties based on the alleged violations of
Section 17(b) of the Securities Act.

Without admitting or denying the allegations in the
Complaint, defendants Marks and Starwood have consented to
the entry of an order permanently enjoining them from
violations of Section 17(b) and requiring them to pay a
civil penalty of $15,000.

*********************************************************

Winners Internet Network, Inc. 'Wall Street Reporter' Interview on the Internet Available on Stock-Line.com.
ST. AUGUSTINE, Fla./ Nov. 3, 1998 /Business Wire.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=13855609
Winners Internet Network, Inc. 'Wall Street Reporter' Interview on the Internet Available on Stock-Line.com

ST. AUGUSTINE, Fla./ Nov. 3 /Business Wire / -- Winners Internet Network, Inc. (OTC BB: WINR) today said that David C. Skinner, Jr., the Company's President and CEO, was interviewed this week by Stock-Line, the stock traders' news network.

Upon giving an overview of the services that Winners Internet Network, Inc. (WINR) provides to the on-line gaming industry, Mr. Skinner discussed its current contracts with Interbet Casino http://www.interbetcasino.com TISS http://www.cyberbookis.com and other business opportunities the company is pursuing. Other highlights that were discussed were those of the benefits gaming operators and customers will receive including the use of multi- currencies in Internet processing also encompassing current and future plans and growth for the company. The entire interview highlighting Winners Internet Network, Inc. can be heard on the Internet at Stock-Line's web site @ http://www.stock-line.com

WINR, headquartered in St. Augustine, Fla, is a company which has developed an Internet banking financial structure. The company is engaged in on-line processing for Internet gaming operations as well as other business applications concerning Internet commerce.

Information contained in this news release other than historical information, should be considered forward-looking and is subject to various risk factors and uncertainties. For instance, the strategies and operations of Winners Internet Network, Inc. involve risks of competition, changing market conditions, changes in laws and regulations affecting these industries and numerous other factors discussed in this release. Accordingly, actual results may differ materially from those in any forward-looking statements.

Contact:
Columbia Financial Group, Inc.
Telephone: [phone]
Company website: http://www.cfgstocks.com