Inside Holdings, Inc.

Securities and Exchange Commission's Trial Memorandum in a securities fraud lawsuit against Lines Overseas Management, Brian Lines and Scott Lines at the U. S. District Court for the Southern District of New York.

Forty-seven individuals and companies in Bermuda, Canada, and the United Kingdom are being asked to provide evidence for a securities fraud civil action brought by the U. S. Securities and Exchange Commission against the Bermuda, Bahamas and Cayman operations of Lines Overseas Management, the group's President, Scott Lines, and its former President, Brian Lines.The witnesses include a stock analyst, newsletter writers, people who allegedly held shares in a nominee capacity for the Lines brothers, former employees of LOM, and officers and directors of two OTC BB-listed companies whose shares LOM allegedly manipulated, namely Sedona Software Solutions, Inc. and SHEP Technologies, Inc.

Complaint alleging securities fraud in U. S. Securities and Exchange Commission v. Brian N. Lines, of Bermuda; Scott G. S. Lines, of Bermuda; LOM (Holdings) Ltd., of Bermuda; Lines Overseas Management Ltd., of Bermuda; LOM Capital Ltd., of Bermuda; LOM Securities (Bahamas) Ltd., of the Bahamas; LOM Securities (Bermuda) Ltd., of Bermuda; LOM Securities (Cayman) Ltd., of the Cayman Islands; Anthony W. Wile, a Canadian residing in Florida; Wayne E. Wile, a Canadian residing in the Cayman Islands; Robert J. Chapman, of Punta Gorda, Florida; William Todd Peever, of Vancouver, Canada; Phillip James Curtis, of Vancouver, Canada, and Ryan G. Leeds, of Boca Raton, Florida, at the U. S. District Court for the Southern District of New York.

Bermuda-based investment firm Lines Overseas Management Ltd. and its Managing Director, Scott Lines, have been ordered to appear before a United States court as part of a securities fraud investigation.The U. S. District Court for the District of Columbia issued an order on August 17, 2004 that they must attend a hearing that is scheduled to start at 9.45 a.m. on October 4.