SBD / 20 / SCORE BOARD FILES FOR CHAPTER 11 DUE TO SOFT CARD MARKET

SBD/20/Finance

SCORE BOARD FILES FOR CHAPTER 11 DUE TO SOFT CARD MARKET

Published March 20, 1998

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          NJ-based Score Board Inc., "faced with weak sales in a
     sports-card industry that never fully recovered" from the
     MLB strike, has filed for Chapter 11 bankruptcy protection,
     according to Dean Starkman of the WALL STREET JOURNAL.  Neal
     Colton, a lawyer for the company, said that Score Board "has
     been hurt by a contraction in the market for sports cards, a
     result of both the baseball strike and of a glut of sports
     memorabilia in general."  Score Board "defaulted" on a $4M
     secured credit line with Congress Financial Corp., among
     other debts (WALL STREET JOURNAL, 3/20).
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