APEX RELEASES STATEMENT ON NBA DISPUTE

     This morning, Apex President & CEO Joseph Kirchner released
the following statement concerning the recent suit in New York's
Supreme Court between Apex and NBA Properties:  "As has been
previously reported, we are currently involved in a dispute with
NBA Properties.  In support of our position, the court ruled on
October 14th that our NBA license is still valid which allows us
to continue the design, selling, and marketing of NBA licensed
apparel.  In summation, we are hopeful that all issues can be
resolved as quickly as possible" (Apex).  NBA Properties revoked
Apex's NBA vendor's license in August over concerns that a line
of Apex apparel conflicted with the rights of another NBA
licensee.  NBA officials declined to comment this morning, citing
league policy against discussing on-going litigation (THE DAILY).