Leagues and Governing Bodies

ARENA FOOTBALL PURCHASES PATENT, TRADEMARK AND COPYRIGHT

3.27.1998

          The Arena Football League (AFL) has signed a letter of
     intent to purchase the patent, trademark and copyrights
     associated with the Arena Football Game on a worldwide basis
     from Gridiron Enterprises, Inc.  Terms of the deal were not
     disclosed.  The league's purchase of worldwide rights
     follows last week's announcement that the Orlando Predators
     had purchased an increased share in the AFL, with proceeds
     of the sale directed to the purchase price, in part, for the
     worldwide rights from Gridiron (AFL).

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