ACS ESTABLISHES UNIQUE SPONSORSHIP CREDIT MECHANISM

     Alternative Capital Solutions (ACS) has established
"Sponsorship Line," which extends a line of credit in excess of
$120M to established event organizers who lack funds.  This
credit mechanism was to be announced today at the '96 IEG Special
Events Conference in Chicago.  ACS Founder Leon Krajian:  "This
is our first tier of available funding.  We have researched the
$4.7 billion dollar special events marketplace extensively for
the past year and determined the need for a specialized credit
facility.  As demand dictates ACS will open additional lines of
funding to meet that demand."  Event organizers, promoters and
producers who take advantage of the ACS Sponsorship Line will not
have to tie up assets which can be working for them in other
ways.  Additionally, event organizers can optimize their purchase
discounts and meet obligations to their vendors in a timely
manner, and not have to borrow money (ACS).