NEW MEDIA & MARKETING JOINT VENTURE STARTED

     Spencer Sports Media of Ardsley, NY, and Network
International of Philadelphia merged to form a new company   --
Spencer Network International.  The company will pursue
advertising rights at major sports and entertainment properties
throughout the United States.  Spencer Sports owns advertising
rights to such entities as Anaheim Stadium, Soldier Field, and
the Anaheim Convention Center.  Network has advertising rights in
over 50 facilities linked to Spectacro Management Group's
management contracts.  Network will act as managing partner of
the new company, including all administrative and sales functions
(Network Int'l).