ADVISORY/SEC Town Meeting to Address Capital Formation Issues.

--(BUSINESS WIRE)--Oct. 21, 1998--

The Securities and Exchange Commission is holding a small business town meeting on issues involved in raising capital from 8:00 a.m. until noon on Wednesday, Oct. 28, 1998 at the Sheraton Cleveland City Centre Hotel at 777 St. Clair Ave.

The meeting will address capital formation issues, an area of particular interest to companies considering going public through an initial public offering.

Featured speaker will be Brian J. Lane, director of the SEC's Division of Corporation Finance and the leading expert in capital formation. Lane will address "Raising Capital under Federal Securities Law."

Additional speakers will include:

-- Teresa M. Kraus, Enterprise Development, Inc. (ACE-NET), on "Angel Capital for the 21st Century Entrepreneur";

-- Michael A. Ellis, Kahn, Kleinman, Yanowitz & Arnson Co., L.P.A., on "Preparing Your Company to `Go Public': What to Expect";

-- William T. Beaufait, Jr., Hausser+Taylor LLP, on "The Financial Statement: The 10 Commandments";

-- James A. Sluzewski, Public Relations Partners Inc., on "In the Spotlight: Relieving the Fear of Communicating as a Public Company."

Following the speakers, a panel discussion with three executives from newly public companies, hosted by Professor David Deeds, Weatherhead School of Management, Case Western Reserve University, will address the opportunities and challenges they faced during their capital formation processes.

The meeting is free and open to the public. Anyone wishing to attend may RSVP to Holly Thomas, Public Relations Partners Inc., 6100 Rockside Woods Blvd., Cleveland, OH 44131, 216/520-0092.