Notice to Investors Concerning Pending Lawsuits, by Cauley & Geller, LLP.

Business Editors

LITTLE ROCK, Ark.--(BUSINESS WIRE)--July 14, 2000

Cauley & Geller, LLP, a law firm with offices in Little Rock, Ark., Boca Raton, Fla. and San Diego, which has specialized in representing shareholders in class actions for seven years, issues the following release:

Investors have recently sued Accelr8 Technology Corporation (NASDAQ:ACLY - news); Advanced Technical Products Inc. (NASDAQ:ATPXE - news); Citrix Systems, Inc. (NASDAQ:CTXS - news); Columbia Laboratories Inc. (AMEX:COB - news); Entrust Technologies Inc. (NASDAQ:ENTU - news); Federal-Mogul Corp. (NYSE:FMO - news); First Security Corporation (NASDAQ:FSCO - news); First World Communications Inc. (NASDAQ:FWIS - news); Flooring America Inc. (NYSE:FRA - news); Harmonic Inc. (NASDAQ:HLIT - news); Open Market Inc. (NASDAQ:OMKT - news); Performance Technologies Inc. (NASDAQ:PTIX - news); Profit Recovery Group International Inc. (NASDAQ:PRGX - news); Racing Champions Corporation (NASDAQ:RACN - news); Reliance Group Holdings Inc. (NYSE:REL - news); Smith-Gardner & Associates Inc. (NASDAQ:SGAI); Steven Madden Ltd. (NASDAQ:SHOO - news); UniCapital Corporation Inc. (NYSE:UCP - news); and Vari-L Company Inc. (NASDAQ:VARL - news) for alleged securities fraud. If you purchased common stock of any of these companies and suffered a loss on your investment, you may be a member of the shareholder class and should consider contacting Cauley & Geller concerning your legal rights and interests in these cases. You can contact the firm at 888/551-9944 or via e-mail at [e-mail]. You are encouraged to visit our website at www.classlawyer.com.

Accelr8 Technology Corporation (NASDAQ:ACLY): The complaint charges Accelr8 and certain of its officers and directors with issuing false and misleading statements concerning the Company's business and revenue. Specifically, the complaint alleges that defendants materially overstated the company's revenue, improperly recognized revenue relating to licensing and maintenance fees and failed to amortize capitalized software development costs. Purchasers of Accelr8 common stock between September 15, 1997 and November 16, 1999, inclusive may be eligible for inclusion in this action.

Advanced Technical Products Inc. (NASDAQ:ATPXE): The complaint charges Advanced Technical Products, its wholly-owned subsidiary Alcore Inc. ("Alcore") and certain of former officers of Alcore with violations of the federal securities laws by issuing materially false and misleading financial statements concerning Advanced Technical Products. The Company has restated its financial statements for the year-end 1998 and its first three fiscal quarters of 1999. The restatement resulted in a substantial reduction to the Company's previously reported earnings. If you purchased ATPX common stock between April 22, 1998 and March 3, 2000 inclusive, you may be eligible to participate in this action.

Citrix Systems Inc. (NASDAQ:CTXS): The complaint charges the Company and certain of its officers and directors with violating federal securities laws by providing materially false and misleading information about the Company's financial condition and future growth potential. Specifically, the complaint alleges that on January 19, 2000, the Company reported record operating results and stated that customer demand for the Company's product was favorable, when in fact, the Company knew or recklessly disregarded that the Company's true financial condition was deteriorating and that its seemingly stellar growth was not likely to continue into 2000. When the Company revealed that its first quarter financial results would be lower than the market had been led to believe, the price of the stock dropped significantly. If you purchased Citrix common stock between October 20, 1999 and June 9, 2000, inclusive and suffered a loss, you may be eligible for inclusion in this action.

Columbia Laboratories Inc. (AMEX:COB): Columbia Labs and certain of its officers and directors are charged with violating federal securities laws by providing materially false and misleading statements to the market. Specifically, as alleged in the complaint, on November 8, 1999, defendants reported that the Company's operating results for its third fiscal quarter improved over the comparable 1998 period, and stated that a Swiss company, Ares-Sereno, had paid $68 million to the Company for the marketing rights to the fertility drug Crinone which was manufactured by Columbia Labs. Defendants knew, or recklessly disregarded, that the statement was false because Ares-Sereno did no have a finalized license to market the drug, and because additional profitability from Crinone could not be recognized until the second half of fiscal 2000. Defendants further represented, in the Company's March 16, 2000 Annual Report to Shareholders, that the company was optimistic that a double blind testing of the Company's anti-AIDS spreading drug, "Advantage-S," would prove the drug's effectiveness in the fight against the spread of AIDS. In fact, the Company knew, or recklessly disregarded, that it had no basis for its optimistic statements regarding the Advantage-S study. When the Company reported, on June 12, 2000, that the Advantage-S study revealed the drug to be no more effective at stemming the spread of the AIDS virus than the placebo, the Company's stock price dropped by 55%. As an explanation, defendants stated that because the study was "double blind," they could not, and did not, know of its results until its completion. If you purchased common stock of Columbia Labs between November 8, 1999 and June 9, 2000, inclusive, you may be eligible to participate in this action.

Entrust Technologies Inc. (NASDAQ:ENTU): The complaint charges Entrust and certain of its officers and directors with violating federal securities laws, specifically alleging that defendants misrepresented the revenues that Entrust was deriving from its public key infrastructure business which, together with defendants' false representations that Entrust would post 2Q 2000 EPS of $0.08, operated to artificially inflate the price of Entrust stock to a Class Period high of $82-3/4 on 6/30/00. This upsurge in Entrust's stock caused by defendants' false and misleading statements enabled Entrust to complete the $703 million stock-for-stock acquisition of enCommerce. On 7/5/00, two business days after the acquisition of enCommerce was completed, Entrust revealed that it was in fact suffering a huge decline in revenues, was not posting earnings per share growth, and contrary to defendants' repeated assurances, Entrust was forced to reveal the problems it had been experiencing during the Class Period in attempting to grow its business. This announcement caused its stock price to drop to as low as $34-3/8 (or over $40 per share) on record volume of 19 million shares on 7/5/00, causing hundreds of millions of dollars in damages to members of the Class. Purchasers of Entrust common stock between April 19, 2000 and July 3, 2000, inclusive may be eligible to participate in this action.

Federal-Mogul Corp. (NYSE:FMO): Federal-Mogul and certain of its officers and directors are charged with violating federal securities laws by providing materially false and misleading statements regarding the Company. Specifically, as alleged in the complaint, on October 22, 1998, Federal-Mogul issued a press release announcing solid third quarter results and praised the Company's continued progress in its acquisitions. This statement was materially false and misleading because it did not disclose that the Company's rapid expansion was causing serious operational difficulties in that the numerous smaller companies acquired by Federal-Mogul were proving much more difficult to integrate into Federal-Mogul's ongoing concern. These acquisition integration problems were negatively impacting earnings margins and caused the Company to miss revenue expectations. After the close of the market on May 25, 2000, the Company announced that its second quarter 2000 and full-year 2000 financial results would be dramatically lower than the market had been led to believe. The next trading day, May 26, 2000, the price of Federal-Mogul common stock dropped by more than 20%. Purchasers of Federal-Mogul common stock between October 22, 1998 and May 25, 2000, inclusive who suffered a loss may be eligible to participate in this action.

First Security Corporation (NASDAQ:FSCO): The complaint charges First Security and certain officers and directors of the company with violating federal securities laws by issuing a series of material misrepresentations to the market during the Class Period, thereby artificially inflating the price of First Security common stock. For example, as alleged in the complaint, on January 19, 2000, the Company reported earnings of $0.37 per share during its fourth quarter of fiscal 1999, constituting an increase over the comparable quarter of 1998. In fact, the Company's fourth quarter earnings per share were affected by an undisclosed one-time nonrecurring gain of $0.04 per share. Thus the Company's true operating performance was $0.33 per share, representing a decrease over the comparable 1998 period. When the Company revealed, on March 3, 2000, that its operating results for the fourth fiscal quarter would fall short of estimates, the price of First Security common stock dropped by 38%, falling from $22.50 per share, to $13.968 per share. If you purchased FSCO common stock between October 18, 1999 and March 2, 2000, inclusive, you may be eligible to participate in this action.

FirstWorld Communications, Inc. (NASDAQ:FWIS): The Company and certain of its officers and directors are charged with violating federal securities laws by providing a false and misleading Registration Statement and Prospectus for the IPO of FirstWorld common stock. The complaint alleges that as a direct result of the falsity of the Registration Statement and the Prospectus, FirstWorld's IPO was sold at a price far exceeding the true value of the stock at that time. Purchasers of FWIS common stock pursuant to or traceable to the Company's IPO on March 8, 2000 may be eligible for inclusion in this action.

Flooring America Inc. (NYSE:FRA): Flooring America and certain of its officers and directors are charged with violating federal securities laws by issuing materially false and misleading financial statements. On May 22, 2000, the Company revealed that it would be restating its previously reported financial results for the first two quarters of the fiscal year 2000. In total, losses for these two periods were understated by more than $7 million. As a result of these false and misleading statements the Company's stock traded at artificially inflated prices during the class period. When the truth about the company was revealed, the price of the stock dropped $2-9/16 per share from a high of $6-15/16 during the class period, as the market fully absorbed the impact of these disclosures. If you purchased Flooring America common stock between November 11, 1999 and May 22, 2000 and suffered a loss, you may be eligible for inclusion in this action.

Harmonic Inc. (NASDAQ:HLIT - news): The complaint charges that the Company and certain of its officers and directors violated the federal securities laws by providing materially false and misleading financial statements concerning the Company's revenues. Harmonic designs, manufactures and markets digital and fiber-optic systems for delivering video, voice and data services over cable, satellite, telephone and wireless networks. The company's solutions enable cable television and other network operators to provide a range of broadcast and interactive broadband services that include high-speed Internet access, telephony and video on demand. The complaint alleges that defendants' false and misleading statements concerning the revenues to be derived from Harmonic's largest customer, AT&T, and from its newly acquired C-Cube division (DiviCom), which would result in 2000 EPS of $1.19+, artificially inflated the price of Harmonic stock to a Class Period high of $102. This upsurge in Harmonic's stock caused by defendants' false and misleading statements enabled Harmonic to complete the $1.7 billion acquisition of the C-Cube's DiviCom business. After the acquisition was completed, on 6/26/00, Harmonic revealed that it was in fact suffering a huge drop in revenues and exposed the problems Harmonic had been experiencing during the Class Period in attempting to grow its business. This announcement caused its stock price to drop to as low as $22-11/16 on record volume of 21.9 million shares on 6/27/00 causing hundreds of millions of dollars in damages to members of the Class. If you purchased Harmonic common stock between March 27, 2000 and June 26, 2000, inclusive, you may be eligible for inclusion in this action.

Open Market Inc. (NASDAQ:OMKT): Open Market and certain of its officers and directors are charged with violating federal securities laws by providing materially false and misleading statements regarding the Company. Specifically, as alleged in the complaint, on November 8, 1999, defendants reported that the Company was executing its business strategy better than ever, and that it was poised to take advantage of its position as a very competitive Internet growth company. Defendants knew, or recklessly disregarded, that the statement was false and misleading because the Company continued to post operating losses, and that it was not poised for greater growth because its market share was declining in the face of overwhelming competition. On December 7, 1999, defendants reported that the availability of its new product, Golden Gate, would allow it to compete effectively with larger industry rivals, and that Open Market is leading, and would continue to lead, the e-commerce marketplace. In fact, defendants knew, or recklessly disregarded, that Golden Gate was still in its early stages of development, and that competitors were offering more flexible products which buyers could more easily adapt and customize. When the Company announced, on April 18, 2000, that is first fiscal 2000 quarter would see greater than expected losses, its stock price dropped by 23% from the prior day's close, and 83% from its class period high. If you purchased Open Market securities between November 8, 1999 and April 18, 2000 and suffered a loss, you may be eligible for inclusion in this action.

Performance Technologies Inc. (NASDAQ:PTIX): The complaint charges that the Company and certain of its officers and directors violated the federal securities laws by providing materially false and misleading information about the Company's financial condition and future growth. Specifically, the complaint alleges that on April 26, 2000, the Company reported seemingly positive financial results for the first quarter of 1999, creating the impression that substantial growth would continue. However, the statement was false when made because the defendants knew, or were reckless in not knowing, that a significant shipment to a customer was delayed and two large orders were decreased for the second quarter. As a result of these false and misleading statements the Company's stock traded at artificially inflated prices during the Class Period. When the truth about the Company was revealed, the price of the stock dropped significantly. Purchasers of PTIX common stock between February 2, 2000 and May 19, 2000, inclusive may be eligible for inclusion in this action.

Profit Recovery Group International Inc. (NASDAQ:PRGX): Profit Recovery and certain of its officers and directors are charged with violating federal securities laws by providing materially false and misleading information regarding the Company's revenues and earnings. Specifically, on March 29, 2000 Profit Recovery announced that it would restate its reported fourth quarter financial results due to improperly recording revenue. As a result of these false and misleading statements the Company's stock traded at artificially inflated prices during the class period. When the truth about the company was revealed, the price of the stock dropped from $26 per share to $18-3/8 per share on March 30, 2000, as the market fully absorbed the impact of these disclosures. If you purchased Profit Recovery common stock between February 16, 2000 and March 29, 2000, inclusive and suffered a loss, you may be eligible to participate in this action.

Racing Champions Corporation (NASDAQ:RACN): The Company and certain of its officers and directors are charged with violating federal securities laws by providing materially false and misleading statements regarding the Company's financial condition and growth potential. Specifically, as alleged in the complaint, on February 23, 1999, the company reported seemingly record earnings for its 1998 fiscal year, and represented that the Company would continue to experience growth in 1999. These statements were materially false and misleading when made because defendants did not disclose, and new or recklessly disregarded, that the Company's sales were then being negatively impacted by the competition from Star Wars related merchandise and as a result, sales of the Company's products were declining significantly. When Racing Champions revealed, on June 23, 1999, that it was expecting a per share loss of $0.30 to $0.35 for its second fiscal quarter of 1999, Racing Champions common stock dropped by 60%. Defendants attributed the loss to poor sales, and the taking of a $6.4 million restructuring charge in connection with a corporate acquisition. Purchasers of RACN common stock between February 1, 1999 and June 23, 1999, inclusive may be eligible for inclusion in this action.

Reliance Group Holdings Inc. (NYSE:REL): The complaint charges Reliance and certain of its officers and directors with violating federal securities laws by providing materially false and misleading statements regarding the Company. Specifically, as alleged in the Complaint, on March 31, 1999, defendants, in their financial statement filed with the SEC for its fiscal 1998 operations, stated that the Company's reinsurance contracts were valid, and that it expects to recover the full amount of such coverage. This statement was false and misleading, and defendants knew, or recklessly disregarded its falsity, because the Company was notified, prior to making the statement, that several reinsurance companies terminated their obligations to the Company. Because the Company's obligations to its insureds remained intact, the Company's expected losses exceeded $150 million. Furthermore, this $150 million loss should have been reflected as a charge to income, under GAAP, and was not, thereby masking the Company's true, and impaired, financial condition and prospects. On May 10, 2000, the company reported that its first fiscal 2000 quarter would see an operating loss of 0.31 per diluted share, which represented a greater loss than the comparable 1999 quarter. On that day, the price of Reliance stock closed at $2.625, a decline of over 76% from the class period high of $11 per share. Purchasers of Reliance common stock between February 8, 1999 and May 10, 2000, inclusive who suffered a loss may be eligible for inclusion in this action.

Smith-Gardner & Associates Inc. (NASDAQ:SGAI): Smith Gardner and certain of its officers and directors are charged with violating federal securities laws by providing materially false and misleading information about the Company during the Class Period. Specifically, the complaint alleges that on October 27, 1999, the beginning of the Class Period, SGAI issued a press release in which it announced "record results" for the third quarter of 1999, when in fact defendants knew or recklessly disregarded that the Company's growth could not be sustained in light of the current market conditions and that many of the Company's Internet-related business customers were already showing signs of cash distress and related operating problems. The complaint also alleges that, despite the known market conditions under which the Company was operating, defendants failed to adopt a conservative reserve account to provide for doubtful accounts, as is required by Generally Accepted Accounting Principles ("GAAP"), forcing the Company to a take significant charge against earnings to supplement its reserves. Finally, the Complaint charges that defendants knew but failed to disclose that Research & Development spending and Sales and Marketing spending was wholly inadequate, such that the Company would be forced to increase budgets in these two key business segments by 60% and 75% respectively. The price of SGAI stock fell dramatically when the truth about the Company was revealed. If you purchased SGAI common stock between October 27, 1999 and June 16, 2000, inclusive, you may be eligible to participate in this action.

Steven Madden Ltd. (NASDAQ:SHOO): The Company and certain of its officers and directors are charged with violating federal securities laws by failing to disclose material adverse information about the Company and defendant Steven Madden. Specifically, the complaint charges that the defendants failed to disclose: a) an illegal scheme between defendant Madden and third party Stratton Oakmont to act as "flippers" to gain control of interest that accrued from the Company's stock through a manipulation of the Company's IPO; b) defendant Madden's unlawful profiting at the Company's expense through his illegal scheme to act as a flipper; and c) the true relationship between the Company and Jordan Belfort, president of Stratton, regarding Belfort's true beneficial ownership interest in the Company. On June 20, 2000, when the truth was revealed, the public was shocked to learn that defendants Madden had been charged with securities fraud and money laundering by the SEC, causing the Company's stock price to plummet by 15% before trading was halted on the Nasdaq. Purchasers of Steven Madden common stock between June 21, 1997 and June 20, 2000, inclusive may be eligible for inclusion in this action.

UniCapital Corporation Inc. (NYSE:UCP): The complaint charges that UniCapital and certain of its officers and directors violated federal securities laws by providing materially false and misleading statements regarding the Company. Specifically, as alleged in the complaint, on May 14, 1998, the Company represented in the prospectus issued in connection with the Company's Initial Public Offering (the "Prospectus") that it recognized $588.7 million in goodwill as an asset in connection with 12 corporate acquisitions. UniCapital, however, did not disclose that it overvalued the acquisitions. In addition, the Prospectus failed to disclose that the Company would have to comply with federal noise abatement statutes thereby requiring the phasing-out of certain types of the Company's aircraft which would, and did, negatively impact the Company's operations. When the Company announced on May 15, 2000 that its first quarter 2000 financial results would be dramatically lower than the market had been led to believe, due to, among other things, an $8.5 million operating loss, as well as a $239.3 million write off of the impaired goodwill, the stock price of UniCapital dropped by 28%. Purchasers of UniCapital stock between May 14, 1998 and May 15, 2000, inclusive may be eligible for inclusion in this action.

Vari-L Company Inc. (NASDAQ:VARL): Vari-L and certain of its officers and directors are charged with violating federal securities laws by providing materially false and misleading information about the Company's financial condition during the Class Period. Specifically, the Company revealed on May 17, 2000 that it would be restating its previously reported financial results for the period ended December 31, 1997, and potentially other periods as well. In addition, during the Class Period insiders sold massive amounts of stock, reaping substantial proceeds as a result of the inflated value of Vari-L's stock. After the Company's announcement, Vari-L shares fell roughly $5 per share from their May 16 close of $16.188, to close at $11.25 on May 22, 2000, a drop of roughly 35%, as the market fully absorbed the impact of these disclosures. Purchasers of Vari-L common stock between December 17, 1997 and May 17, 2000 may be eligible to participate in this action.

Cauley & Geller, LLP has substantial experience in prosecuting class action lawsuits on behalf of investors, and this past year obtained a $25 million settlement for certain purchasers of Medpartners securities in less than a year and a half.

You may seek to become a lead plaintiff in any one of these lawsuits if you meet certain requirements. If you are an investor in any of the actions listed above, or have any questions about any securities class action or becoming a lead plaintiff, please contact the firm at:

CAULEY & GELLER, LLP 225 Broadway, Suite 1900 San Diego, CA 92101 E-mail: [e-mail] 1-888-551-9944 - toll free www.classlawyer.com