On July 14, 2000 John Patrick Brink pled guilty to one count of securities fraud and one count of misapplication of fiduciary property. Brink was alleged to have intentionally failed to disclose material information and to have misapplied investor funds in connection with a securities offering issued through his company Enserco. He pled guilty in Harris County District Court and sentencing is scheduled for August 31, 2000. The cause numbers in thismatter are no. 764546 and no. 788092.