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Non-Tech : Ontro (ONTR) -- Ignore unavailable to you. Want to Upgrade?

To: Ward who wrote (36)	6/15/1998 11:41:00 PM
From: Steven Messina,L.M.T.	Read Replies (1) \| Respond to of 46

Here's the latest: Monday June 15, 1:41 pm Eastern Time Company Press Release ONTRO Self-Heating Container Concepts Are Researched in Over 30 U.S. Cities SAN DIEGO--(BUSINESS WIRE)--June 15, 1998--ONTRO, Inc., (ONTR: NASDAQ), the San Diego based developer of the ONTRO self-heating container has announced that the company is proceeding with the second phase of its BASES research study. The study, which is jointly funded by the international food and beverage conglomerate, Nestle, is being conducted among consumers in over thirty U.S. cities. The research is designed to provide a range of marketing information including volume forecast for branded concepts in nine different product categories. Researchers will also obtain valuable feedback regarding the shape and design of ONTRO's unique self-heating container. The current research follows an earlier BASES study conducted in October, 1997, in seven U.S. cities. On that occasion ten different product concepts were tested with the self-heating container including coffee, tea, soup, baby formula, and hot chocolate. Results showed that consumers liked the ONTRO container, citing its self-heating features and convenience as their primary reasons. BASES - or the Booz-Allen Sales Estimating System - is one of the world's most highly respected research companies, with a world-wide client list of the most prestigious food and beverage marketers. Having developed over ten thousand product forecasts, BASES maintains a prodigious database for comparison purposes, and the accuracy of their volume forecast is widely acknowledged throughout the industry. Commenting upon the progress of the study, Jim Scudder, ONTRO's President and CEO said that results from the Phase 2 Study could add valuable support to the company's marketing efforts, in that a number of companies which were currently targeted for licensing agreements know and trust BASES. He said that final results from the second phase should be available by mid-August. ''It is our intention to obtain the very best and the most reliable information and to use this to aggressively market our technology to licensees and strategic partners in the United States and in major markets throughout the world'', Mr. Scudder said. ONTRO common stock and warrants are listed on NASDAQ's SmallCap Market under the trading symbols ONTR and ONTRW respectively. The Company is engaged in the research and development of integrated thermal containers, which are similar in size and shape to typical beverage containers, and are activated by the consumer to heat the contents within a few minutes. Except for historical information contained herein, the matters discussed in this news release involve forward looking statements, and involve projections of future events and occurrences, that are subject to many risks and uncertainties. These risks and uncertainties include but are not limited to what the actual results of this research and similar research will be, general market awareness and acceptance of thermal containers, along as well as the company's ability to timely develop new products, and expand its manufacturing capabilities. These and other risks also include those referenced in the Company's final prospectus dated May 11, 1998, as amended and the Company's other SEC reports. Actual results may differ materially from those projected herein. Such forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims any intent or obligation to update these or other forward-looking statements. Contact: ONTRO, Inc. Victor Webb, 212/684-6601

To: Ward who wrote (36)	7/31/1998 4:35:00 PM
From: s martin	Read Replies (1) \| Respond to of 46

COMMISSION CHARGES STOCKBROKERS RAFI KHAN AND TIMOTHY TYRRELL WITH STOCK MANIPULATION The Commission filed a complaint in federal district court in Los Angeles charging Rafi M. Khan with fraud for manipulating the stocks of two companies, Future Communications, Inc. (FCMI), and The L. L. Knickerbocker Co., Inc. (KNIC). From June 30 to August 30, 1993, FCMI's stock price rose from $6.50 to $27.25. Two months later, the company declared bankruptcy. From July 3 to August 11, 1995, KNIC's stock price rose from $6 to $52 per share. The complaint alleges that Khan orchestrated these price runs using a variety of manipulative practices, including acquiring substantial control of the market for each stock, executing unauthorized trades, touting wildly exaggerated earnings projections, and promoting a "short squeeze" scheme. The complaint also alleges that Timothy J. Tyrrell participated in the FCMI manipulation by, among other things, orchestrating a collusive trading arrangement with another broker. The Complaint charges Khan and Tyrrell with violating Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and seeks permanent injunctions, disgorgement of improper trading profits with prejudgment interest, and civil penalties. [SEC v. Rafi M. Khan and Timothy J. Tyrrell, Civil Action No. CV-98-6143 MMM, SHx, C.D. Cal.] (LR-15827) sec.gov