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                   UNITED STATES SECURITIES AND EXCHANGE COMMISSION
    

     Litigation Release No.  15411 / July 11, 1997    

     S.E.C. V. CLYDE KEITH LAMONDA and CD ALTERNATIVES, INC., Case No. 97-857-CIV-ORL-19 (M.D.
      Fla.)    

            The Securities and Exchange Commission ( Commission ) announced today the filing of
      a Complaint in the United States District Court for the Middle District of Florida
      charging CD Alternatives, Inc., a Florida corporation ( CD Alternatives ) and Clyde Keith
      LaMonda ( LaMonda ), its President and sole shareholder (collectively,  Defendants ), with
      having made false statements concerning the safety of corporate notes.  In addition, the
      Commission s Complaint charges that Defendants acted as broker-dealers of securities while
      not registered with the Commission.  The Complaint alleges that Defendants raised over
      $4,000,000 for the companies that issued the securities, and obtained at least $89,000  in
      commissions on the sale of those securities.    

            LaMonda is a resident of Altamonte Springs, Florida.  CD Alternatives has offices in
      Winter Park, Florida. CD Alternatives is a successor corporation to The C.D. Exchange
      Limited, Inc. ( CD Exchange ), a Florida corporation that has been administratively
      dissolved by the State of Florida.     

            According to the Complaint, from approximately March 1994 to May 1995, LaMonda and
      CD Alternatives held seminars at which they solicited insurance agents to sell interest-
      bearing corporate notes issued by Direct Participation Services Inc., d/b/a Government
      Financial ( Government Financial ), a California business, and by various companies
      associated with James G. Freeman, a California resident ( Freeman Companies ).  LaMonda
      and CD Alternatives received a commission from Government Financial and from the Freeman
      Companies for each investment sold by the insurance agents whom they enlisted to sell the
      securities.    

            The Complaint further alleges that during their seminars, Defendants represented
      that the notes were safe investments.  In fact,  the investments were not safe and
      investors in all of the companies lost all or most of their investment.    

            The Commission seeks permanent injunctions against the Defendants, prohibiting
      further violations of the antifraud and broker-dealer registration provisions of the
      Securities Act of 1933 and the Securities Exchange Act of 1934. (15 U.S.C.  77(q)(a); 15
      U.S.C.  78j(b) and 17 C.F.R.  240.10b-5; and 15 U.S.C.  78o(a)(1)).  The Complaint also
      requests that Defendants disgorge their ill-gotten proceeds and pay civil monetary
      penalties for their misconduct.

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