NBA PROPERTIES REACTS TO CHARGES BY APEX

     The following statement was released by NBA Properties in
response to the statement from Apex One regarding the legal
action concerning the validity of Apex's license with the NBA:
"Contrary to what Apex One said last week, there has been no
ruling from the court that would in any way invalidate or call
into question termination of Apex One's license by NBA Properties
last August. The matter is still subject to litigation, and any
further comment would be inappropriate" (NBA Properties).  Apex
One's license was revoked in August over concerns that a line of
Apex apparel conflicted with the rights of another NBA licensee.