TCR_Public/980806.MBX T R O U B L E D   C O M P A N Y   R E P O R T E R
      
      Thursday, August 6, 1998, Vol. 2, No. 153
                    
                  Headlines

ACDC INC: Filed For Chapter 11 Bankruptcy Protection
ALLIANCE ENTERTAINMENT: Concord Wins Exclusivity Extension
BARRY'S JEWELERS: Seeks to Reject Headquarters Lease
BOSTON CHICKEN: Former CEO Sells Stock
EQUIPMENT BOND PURCHASER: Files Chapter 11

FPA MEDICAL MANAGEMENT: Case Summary & 20 Largest Creditors
FPA MEDICAL: NASDAQ To Commence Delisting Process
FULCRUM DIRECT: Case Summary & 20 Largest Creditors
FULCRUM WEST: Case Summary & 20 Largest Creditors
GARDEN CITY CASINO: Files Chapter 11

GRAND UNION: Court Confirms Plan
HOLLYWOOD ENTERTAINMENT: Acquires 11 Stores in Albany area
INTERNATIONAL META: Disclosure Statement
LIBERTY HOUSE: Motion for New DIP Financing
LIBERTY HOUSE: Reconsideration of Special Counsel

PEGASUS GOLD: Objections to Disclosure Statement
PIONEER OIL & GAS: Plan Confirmed By Court
PORTACOM WIRELESS: Consummates Sale of Stock
RESURGENCE PROPERTIES: Announces Second Quarter Results
REUTER MANUFACTURING: Reports Second Quarter Net Loss

SSE TELECOM: Announces Third Quarter Results
SCORE BOARD: Asset Sale to Oxxford Express or High Bidder
TECHNIMAR INDUSTRIES: Files Chapter 11
TOY BIZ: Reports Second Quarter Financials

                  *********

ACDC INC: Filed For Chapter 11 Bankruptcy Protection
----------------------------------------------------
ACDC Inc., a Milford-based manufacturer and worldwide
distributor of ventilation dampers, filed for Chapter 11
bankruptcy protection Wednesday, though it hopes to emerge
from its reorganization.

A turnaround specialist working with the 28-employee
company blamed rapid overseas expansion and thin margins
for the move to seek protection from creditors.

"We got involved in the case in January in an attempt to
reorganize the company informally," said Leonard Eppel, the
turnaround specialist. "In April, we called a creditors'
meeting with the unsecured creditors in Ohio."

He said a turnaround committee was formed to develop a
proposal for the settlement of debt over a period of time,
but two of the creditors rejected it and filed lawsuits.

ACDC listed preliminary assets of $3.3 million and
liabilities  of about $6.5 million. The secured lender,
Provident Bank, is owed an estimated $800,000.  
Unsecured creditors are owed about $3.4 million.

ACDC's problems began two years ago, when the domestic
market for dampers softened and it decided to seek business
abroad. It succeeded in finding customers in Korea and
Indonesia - more than it could handle. Sales rose to  
$7.8 million in 1997 from $3.6 million in 1996, and ACDC
began hiring to meet orders.  But it was bidding its
projects on tight margins, and when some orders fell  
through or payments were delayed, ACDC didn't have the
capital to cover the loss. Economic problems in the Far
East exacerbated the problem.

Meanwhile, ACDC's rapid expansion created management
problems.  Mr. Eppel said ACDC intends to emerge from
Chapter 11, and ship products on a cash-on-delivery or
short-return basis. It also is shifting more business
to the domestic market.(Cincinnati Enquirer - 07/30/98)


ALLIANCE ENTERTAINMENT: Concord Wins Exclusivity Extension
----------------------------------------------------------
Alliance Entertainment Corp.'s Concord Records Inc. unit
won an extension of its exclusive periods to file a
reorganization plan and solicit acceptances to Sept. 30 and
Nov. 30, respectively. In seeking the 60-day extension,
Alliance said it is optimistic that negotiations to sell
the jazz record label will soon be completed, and the
company has received expressions of interest from several
potential buyers. Alliance said Concord has begun preparing
a plan, however, the subsidiary's major creditor
constituencies have not had a full opportunity to negotiate
plan issues due to the potential impact of the parent
company's plan. (The Daily Bankruptcy Review Copyright c
August 5, 1998;ABI 05-Aug-98)


BARRY'S JEWELERS: Seeks to Reject Headquarters Lease
----------------------------------------------------
Barry's Jewelers, Inc., debtor, has determined to cease
operations at its former headquarters and to reject the
Headquarters Lease.  Barry's believes that the Headquarters
Lease is significantly above market, and in any event, the
debtor has recently relocated its headquarters to a less
expensive location in Austin, Texas. The debtor and El
Monte Partnership, lessor under the lease have agreed to
the rejection of the lease effective August 15, 1998.


BOSTON CHICKEN: Former CEO Sells Stock
--------------------------------------
Washington, DC, Aug. 04, 1998 (States) -- Saad Nadhir,
former CEO of Boston Chicken, Inc. of Golden, Colo.,
reported on July 29, 1998, the proposed sale of
274,886 shares on July 20, 1998, for $586,424 through
Goldman, Sachs & Co. (States SEC - 08/04/98)


EQUIPMENT BOND PURCHASER: Files Chapter 11
------------------------------------------
Equipment Bond Purchaser, Inc. filed a Chapter 11 petition
in the District of Delaware on July 30, 1998.  The debtor's
address is 4231 Fulcrum way NE Rio Ranco, New Mexico
The debtor is an affiliate of Fulcrum Direct, Inc.


FPA MEDICAL MANAGEMENT: Case Summary & 20 Largest Creditors
-----------------------------------------------------------
Debtor:  FPA Medical Management Inc.
         3636 Nobel Drive, Suite 200
         San Diego, California 92122

Type of business: National physician practice management
company which acquires, organizes and manages primary care
physician practice networks and provides contract
management services to hospital-based emergency
departments.

Court: District of Delaware
Case No.: 98-1596    Filed: 07/19/98    Chapter: 11

Debtor's Counsel: Gregg M. Galardi
                  Skadden Arps, Slate, Meagher & Flom LLP
                  One Rodney Square, PO Box 636
                  Wilmington, Delaware 19899-0636
                  (302) 651-3000

Total Assets:             $46,318,720
Total Liabilities:       $345,567,192
Unsecured Debt securities held by more than 500 holders:
$80,500,000

No. of shares of common stock         47,549,187

Note: There are 90 affiliated debtors listed in the
petition.

20 Largest Unsecured Creditors:

   Name                                          Amount
   ----                                          ------         
First Union National Bank                      $75,000,000
Lehman Commercial Paper, Inc.
BankBoston, NA
Commercial Loan Funding Trust 1'
Van Kampen American Capital Prime Rate Income Trust
The Mitsubishi Trust and Banking corporation
Suntrust Bank, Central Florida, NA
Imperial Bank
IndoSuez Capital Funding II Limited
The Royal Bank of Scotland
Allied Irish Banks, PLC
The Long Term Credit Bank of Japan, LTD.
NATEXIS Banque-BPCE
Octagon Credit Investors Loan Portfolio
The Sanwa Bank Limited LA Branch
Van Kampen CLO1 Limited
Merrill Lynch Prime Rate Portfolio
Merrill Lynch Senior Floating Rate Fund Inc.
Optimal Computers                               $4,084,134
Debt Strategies Fund, Inc.


FPA MEDICAL: NASDAQ To Commence Delisting Process
-------------------------------------------------
FPA Medical Management, Inc. (Nasdaq: FPAMQ)  
announced it has been informed by Nasdaq that Nasdaq
intends to commence the delisting process for FPA's common
stock based on the Company's failure to comply with the
criteria for continued listing on the Nasdaq National
Market.

As previously announced, on July 19, 1998, FPA and its
subsidiaries filed petitions to reorganize under Chapter 11
of the federal Bankruptcy Code, along with a term sheet for
a plan of reorganization endorsed by its senior creditors  
that calls for, among other things, the cancellation of FPA
common stock.  This  information was also included in the
Company's Form 8-K filed with the  Securities and Exchange
Commission on July 22, 1998.

The Company has stated that it intends to file its
disclosure statement and a formal plan of reorganization
with the U.S. Bankruptcy Court in Wilmington, Delaware by
September 30, 1998.  A hearing for Court approval of the
plan is scheduled for December 9, 1998

On July 2, 1998, the Company disclosed that Nasdaq had
informed it that because it had not met Nasdaq's minimum
bid listing requirements, it was subject to delisting
effective September 30, 1998 if the Company did not meet  
Nasdaq listing requirements during the 90-day watch period.  
The current Nasdaq process which came in response to the
Company's Chapter 11 filing on July 19, 1998  could result
in delisting as early as August 10, 1998.


FULCRUM DIRECT: Case Summary & 20 Largest Creditors
--------------------------------------------------
Debtor:  Fulcrum Direct Inc.
         4231 Fulcrum Way NE
         Rio Rancho, New Mexico 87124-8447

Type of business: Retail Clothing - Catalogue Sales
Court: District of Delaware
Case No.: 98-1767   Filed: 07/30/98    Chapter: 11

Debtor's Counsel: Young Conaway Stargatt & Taylor
                  11th Floor
                  Rodney Square North
                  Wilmington Delaware 19801
                  (302) 571-6000.
                  
                  Kirkland & Ellis
                  153 E. 53rd Street
                  New York, NY 10022
                  (212) 446-4800

20 Largest Unsecured Creditors:

   Name                              Nature         Amount
   ----                              ------         ------
Quad-Graphics, Inc.                  Trade       $1,423,875
Bulkley Dunton Resource              Trade         $600,632
AT&T                                 Trade         $455,633
World Color Press                    Trade         $405,663
Fortune Footwear                     Trade         $402,660
Hambrecht & Quist LLC                Trade         $370,000
Color Control, Inc.                  Trade         $358,113
CMS                                  Trade         $337,861
Gould Paper Corporation              Trade         $363,057
Bowne of Los Angeles, Inc.           Trade         $259,448
UPS                                  Trade         $213,239
Inter-Tel Leasing Inc.               Trade         $193,186
Alen Communications                  Trade         $181,206
Quebecor Perry Printing Co.          Trade         $163,712
Lervlian                             Trade         $162,742
Guild Inc.                           Trade         $150,608
Concept Apparel                      Trade         $138,852
Arthur R. Johnson, Inc.              Trade         $113,893
McCann-Erickson, inc.                Trade         $110,713
Sanderson Temps                      Trade         $106,064


FULCRUM WEST: Case Summary & 20 Largest Creditors
--------------------------------------------------
Debtor:  Fulcrum West LLC
         333 Hatch Drive
         Foster City, California 94404
         
Type of business: Retail Clothing - Catalogue Sales

Court: District of Delaware

Case No.: 98-1768   Filed: 07/30/98    Chapter: 11

Debtor's Counsel: Young Conaway Stargatt & Taylor LLP
                  11th Floor
                  Rodney Square North
                  Wilmington, Delaware 19801
                  Bridgeport, CT 06605-0186
                  (302) 571-6600

                  Kirkland & Ellis
                  153 E. 53rd Street
                  New York, New York 10022
                  (212)446-4800

Affiliate: Fulcrum Direct, Inc.
20 Largest Unsecured Creditors:

   Name                              Nature         Amount
   ----                              ------         ------
Comamerica                            Trade        $65,731
WiltelNonel                           Trade        $39,259
Midstate Hyc LP                       Trade        $27,112
Voil MGMT AAA Prudential              Trade        $25,626
NTFC Capital Corporation              Trade        $16,463
Manpower                              Trade        $15,983
Blue Cross of California              Trade        $13,647
Third Horizon Group LP                Trade        $10,968
Federal Express                       Trade        $10,968
Salepoint, Inc.                       Trade        $10,174
Data General                          Trade         $7,614
State Board of Equalization           Trade         $6,283
MCI                                   Trade         $5,634
PG&E Em                               Trade         $4,507
Vanguard Cleaning Systems             Trade         $4,556
Precision Data Products               Trade         $3,483
Advanta Business Services             Trade         $2,559
The Printers                          Trade         $2,365
PIP Printing                          Trade         $2,340
Gerber Garment Technology             Trade         $2,348


GARDEN CITY CASINO: Files Chapter 11
------------------------------------
Owners of the Garden City Casino in San Jose, Calif., filed
chapter 11 on Friday to prevent the landlord from
confiscating millions in unpaid rent, according
to The San Jose Mercury News. The filing followed the
seizure of about $900,000.  Attorneys for the casino asked
Bankruptcy Judge Marilyn Morgan to protect the club by
assuring that $1 million loaned from the owner's
development company not be seized; she agreed. The landlord
filed a suit in May 1997 contending that the club owed more
than $3.6 million in unpaid rent, property taxes and other
expenses. During the past year the parties have been in
negotiations to combine ownership of the club and real
estate, but the landlord ended the discussions and instead
acted on a year-old writ to seize $1.3 million toward the
unpaid rent. The club feared it would go out of business if
it did not prevent further seizures. (ABI 05-Aug-98)


GRAND UNION: Court Confirms Plan
--------------------------------
The Grand Union Company announced that the U.S. Bankruptcy
Court in Newark, New Jersey, has confirmed its voluntary,
prepackaged plan of reorganization. As a result, the  
Company anticipates that it will complete its restructuring
and emerge from Chapter 11 on or about August 17.

J. Wayne Harris, Chairman of the Board and Chief Executive
Officer, said, "As a result of the restructuring, we will
now have an appropriate capital structure and the necessary
financial resources to support Grand Union's profitable
growth through an aggressive business strategy. Our
management team is eager to move ahead with its business
plan which seeks to capitalize on our Company's valuable
consumer recognition, excellent store locations and other  
assets to enhance the value of the Company over the long
term."

Grand Union's restructuring plan received overwhelming
approval from the Company's senior noteholders and
preferred stockholders in a solicitation  
completed on June 22, 1998. In connection with the
restructuring, Grand Union has entered into an agreement
with UBS AG, Stamford Branch, and Lehman Commercial Paper
Inc., for a $300 million credit facility.

Grand Union currently operates 222 retail food stores in
six Northeastern states.


HOLLYWOOD ENTERTAINMENT: Acquires 11 Stores in Albany area
----------------------------------------------------------
Hollywood Entertainment Corp. acquired 11 stores in the
Albany, N.Y.,area from NYS Entertainment L.P., a former
Blockbuster franchisee, the company announced. Hollywood
was the highest bidder in a July 15 bankruptcy court
auction related to NYS's chapter 11 case. The acquisition
was finalized on August 3 and the stores are being
converted to Hollywood Video’s specifications. (ABI
05-Aug-98)


INTERNATIONAL META: Disclosure Statement
----------------------------------------
International Meta Systems, Inc., debtor is a publicly held
Delaware corporation engaged in the business of developing
various design components, libraries, macros and other
tools to be licensed for use in the design of
microprocessors by various licensees.

The plan was filed jointly by International Meta Systems,
Inc. and IPIQ Corporation.

The classification of the claims and equity interests under
the plan are summarized as follows:
Class 1: All allowed administrative Claims, other than IPIQ
Class 2: IPIQ Administrative Claims
Class 3:Allowed Priority Claims:
        a) Non-terminated personnel - Will receive a
portion of the IPIQ Reserved Common stock
        b) Terminated personnel and c) All other priority
claims - Fully satisfied by payment by IPIQ of all allowed
claims in full on a monthly basis over a 24 month period.
Class 4: Trade Claims - 70% payment by IPIQ of the allowed
claims of such holders in equal quarterly installments
without interest over two years.
Class 5: Amerscan/Promissory Notes/Subscriber Debt Claims-
IPIQ reserved common stock shall be distributed pro rata to
the holders of claims in this class.
Class 6: Allowed Equity Interests represented by ownership
of the debtor's stock. No distributions however, Class 6
claimants will retain their stock, which shall be the stock
in the post petition debtor which will in turn own all
assets of the debtor other than the Acquired Assets.

Holders of Claims in Classes 1 and 6 are unimpaired.

Holders of Claims in Classes 2,3,4 and 5 are impaired.


LIBERTY HOUSE: Motion for New DIP Financing
-------------------------------------------
Judd D. Malkin, Neil G. Bluhm, H. rigel Barber, Peter B.
Foreman, Burton E. Blazov and Steven E. Plonsker
(collectively the "Liberty House Board") seek authority to
obtain post petition credit int the amount of up to $50
million from GECC to replace the DIP financing facility
promised but never delivered by a group of Liberty House's
lenders.


LIBERTY HOUSE: Reconsideration of Special Counsel
-------------------------------------------------
The "Incumbent Board" of Liberty House, Inc., composed of
Judd D. Malkin, Neil G. Bluhm, H. Rigel Barber, Peter B.
Foreman, Burton E. Glazov, and Steven E. Plonsker and JMB
Realty Corporation move for reconsideration of the court's
order authorizing the employment and retention of Cleary,
Gottlieb, Steen & Hamilton as special counsel to the
"putative board of directors" of Liberty House, Inc.

JMB and its affiliates are the beneficial owners of all of
the outstanding common and preferred stock of Liberty
House.

The Incumbent Board is the board of directors of Liberty
House duly elected by JMB.  There is a "live and active
controversy" as to whether the Incumbent Board or the
Banks' Board is the true and legitimate board of Liberty
House.

The objection states that the firm's retention was
authorized with a reasonable opportunity for the Movants to
be heard.  The Incumbent Board and JMB request that the
court reconsider and vacate its order authroizing the
retention of Cleary Gottlieb.  The Movants state that the
retention motion, packaged a s a routinge "no Hearing
Require" motion  raised a host of serious disinterestedness
and conflict issues.


PEGASUS GOLD: Objections to Disclosure Statement
-----------------------------------------------
The Gros Ventre and Assiniboine Tribes and the Fort Belknap
Community Council object to the Disclosure Statement of
Diamond Hill Mining, Inc., Florida Canyon Mining, Inc.,
Montana Tunnels Mining, Inc. and Pegasus Gold
International, Inc., debtors.

The objections are based on the fact that the Disclosure
Statement does not reflect Pegasus Gold International
Inc.'s liabilities as the corporate successor to Pegasus
Gold Company.

The Disclosure Statement does not disclose the effect of
the reorganization plan on property and creditors of
Pegasus Gold Company.

Further, the objection states that creditors of Pegasus
Gold Comp[any have sufficient stake in the property of the
company to be parties in interest in the Pegasus gold
International Inc.  reorganization with the ability to
object and vote on the reorganization plan.

The United States of America also filed an objection to the
Disclosure Statement on behalf of the EPA, the Bureau of
Land Management and the US Forest Service.

The United States is also concerned that the PGII Plan will
affect the property of PGC.  If the PGII Plan is confirmed,
PGC's rights to operate the proponents' mines and mining
interests and to sell the stock and assets of the
proponents would be stripped from PGC.  Further, valuable
property of PGC needed to conduct administrative functions
and to operate the Diamond Hill and Montana Tunnels Mines
would be transferred under the plan to the applicable
proponent.


PIONEER OIL & GAS: Plan Confirmed By Court
------------------------------------------
Pioneer Oil and Gas (OTC Bulletin Board: PIOLQ) announced
today that the Chapter 11 Plan of Reorganization
was  approved by the necessary votes of the creditors and
the plan was confirmed by the Court.

Speaking of the confirmation, Don J. Colton, President of
Pioneer stated, "We see a bright future for Pioneer now
that our legal battles with Unocal and Mobil have been
resolved.  We can get back to concentrating on exploring
for and developing gas and oil properties.  The Company's
emphasis will be on gas production, particularly coalbed
methane, throughout the Rocky Mountains.  Gas prices are
now at a ten year high and we feel that coalbed methane
with its low  risk, high reward potential is an exciting
way to generate good cash flow for the Company as it
emerges from Chapter 11."


PORTACOM WIRELESS: Consummates Sale of Stock
---------------------------------------------
PortaCom Wireless, Inc., consummated the sale to the
Issuer, VDC Corp.,Ltd., of 2,000,000 common shares and
warrant to purchase, at an exercise price of $4.00 per
share, an additional 4,000,000 Metromedia China Corp.
("MCC") (formerly Metromedia Asia Corp. "MAC"). In
consideration for the sale of such assets and subject to
certain adjustment features, PortaCom received 5,300,000
newly issued shares of common stock and the right to
utilize a maximum of $3,000,000 in cash (the "Cash") to
satisfy claims made against PortaCom in its bankruptcy
proceedings.

On  06-08-98, the Issuer, the Reporting Person and Klehr,
Harrison, Harvey, Branzburg and Ellers, LLPentered into an
escrow agreement whereby the Issuer delivered to the escrow
agent the common shares which are to be held by  
the escrow agent until distribution of the common shares is
made to PortaCom's creditors and stockholders in
satisfaction of the Claims. On

06-08-98, PortaCom and  MCC entered into an agreement
whereby PortaCom acknowledged and agreed that MCC
holds a valid, perfected, first-priority replacement lien
on 50% of the common shares. On 06-08-98, PortaCom and the
Issuer entered into an agreement whereby the Issuer  
agreed to pay PortaCom an amount, either in cash or in
additional common shares, according to a predetermined
formula based upon the market price of the common shares
and MAC common shares. (States SEC -  08/04/98)


RESURGENCE PROPERTIES: Announces Second Quarter Results
-----------------------------------------------------------       
Resurgence Properties Inc. (Nasdaq: RPIA) announced today
that net assets in liquidation (total assets less total  
liabilities) at June 30, 1998 was approximately $7,307,000
($.73 per share).

On July 23, 1998 the Company sold its last remaining
significant asset, Cross Creek Business Center for net
proceeds of approximately $12,000,000 of which
approximately $4,410,000 was applied toward the full
repayment of the mortgage loan.  On July 27, 1998 the Board
of Directors declared the fifth liquidating dividend of
$.65 per share to common shareholders of record as of  
August 6, 1998 and approved the redemption of all of the
Series I Preferred Stock (300,000 shares) at $1.00 per
share plus all undeclared and unpaid dividends thereon.  
The dividend and preferred stock redemption will be paid on
August 14, 1998.  After the payment of the fifth
liquidating dividend, total dividends paid to Common
Shareholders during 1997 and 1998 will be $8.95 per  
share.

The Company currently has one asset remaining which it is
trying to sell. Assuming the sale of such asset and
satisfaction of its obligations, the Company anticipates
making a final liquidating distribution to shareholders in  
January 1999.

On September 26, 1997, the Shareholders of the Company
approved a plan of complete liquidation and dissolution of
the Company.  The amount and timing of any further
liquidating distributions will depend upon a variety  
of factors including, but not limited to, the actual
proceeds from the sale of the Company's remaining asset,
the ultimate settlement amounts of the Company's
liabilities and obligations, actual costs incurred in
connection with carrying out the Plan, including management
fees and administrative costs during the liquidation
period, and the timing of the liquidation and dissolution.

Resurgence was engaged in diversified real estate
activities including the ownership, operation and
management of retail, office, industrial/warehouse and
multi-family real estate located throughout the
United States, and investments in mortgage loans.  

Resurgence was formed as a result of the consummation of
the Chapter 11 reorganization of Liberte Investors (f/k/a
Lomas and Nettleton Mortgage Investors) on April 7,
1994. Pursuant to the reorganization, Liberte transferred
most of its assets to Resurgence.   Resurgence is managed
and administered by Wexford Management LLC.


REUTER MANUFACTURING: Reports Second Quarter Net Loss
-----------------------------------------------------
Reuter Manufacturing, Inc. (OTC Bulletin Board: RTMF)
announced that it will report a net loss of $574,753 on
sales of $3,046,450 for the second  quarter of 1998,
compared to net income of $4,246,524 on sales of $5,713,985
during the same period in 1997. The net income reported for
the second quarter of 1997 included an extraordinary gain
of $3,431,052 resulting from the retirement of debt with
Sanwa Business Credit Corporation announced in April 1997.

The Company will report a net loss of $1,013,706 on sales
of $6,704,570 for the six months ended June 30,  
1998, compared with net income of $4,895,393 on sales of
$10,731,410 for the same period in 1997.  
The net income for the six months ended June 30, 1997
included an extraordinary gain of $3,431,052.

"The expected disappointment in the second quarter sales
and net loss was due to continued schedule softness from
several of our contract medical customers and the
finalization of production for one of the Company's  
industrial customers. We took corrective action to reduce
overhead in April, and again in June," said Michael J.
Tate, President and CEO. "We also reduced our direct labor
work force to match capacity with demand."

He added, "The level of sales we experienced during the
first six months of the year is expected to remain
relatively consistent for the remainder of 1998, due to the
continuing softness in medical product volume and a several
months  delay in the introduction of a new product by a
large engine customer. Our strong efforts to attract
industrial and cryogenic product volume may
result in  some improvement toward the end of 1998. Due to
the slow volume and its impact on cash, we are exploring
additional cash conservation and generation actions."


SSE TELECOM: Announces Third Quarter Results
--------------------------------------------
SSE Telecom Inc. (Nasdaq/NMS:SSET) Wednesday announced that
for the third quarter ended June 27, 1998, the company
reported a net loss of $5,989,000.

This compares with a net loss of $3,939,000, for the same
period last year.

Revenue for the quarter was $6,160,000 compared with
$9,790,000 for the third  
quarter of fiscal 1997.

For the nine months ended June 27, 1998, the net loss was
$2,551,000, compared with a net loss of $2,617,000 last
year. Revenue was $29,592,000 compared with $33,252,000 for
the same period in fiscal 1997.

"The third-quarter loss is in line with previously
announced estimates for the quarter and is consistent with
our plan to refocus on the company's strengths in the
satellite transceiver and modem market. We have upgraded  
management, sales, operations and product development
capabilities with the recent hiring of seasoned Satcom
professionals and are in the process of consolidating
manufacturing facilities and processes," said Lee
Blachowicz, president and chief executive officer.

At June 27, 1998, SSE reported working capital of
$13,804,000, a current ratio of 2.2-to-1, long-term debt
and capital lease obligations of $2,829,000 and
stockholders' equity of $16,328,000. SSE currently owns
approximately  218,000 common shares of EchoStar
Communications Corp. (Nasdaq:DISH), which are  valued on
the company's balance sheet at approximately $5.3 million.

On July 16, 1998 the company reported it had reacquired
ownership of CTSI, a former subsidiary that had been held
in trust since 1989. As a result of this transaction, SSE
will receive approximately $5.8 million in cash, pre-
tax,  which will be reflected in the company's fourth-
quarter financials.

SSE Telecom is a leading satellite earth station component
and system manufacturer. To date, more than 35,000 of SSE's
transceivers or modems have been installed in satellite
earth stations in more than 110 countries worldwide.


SCORE BOARD: Asset Sale to Oxxford Express or High Bidder
---------------------------------------------------------
The Score Board Inc., a marketer and licensor of sports and
entertainment-related memorabilia, announced that a hearing
has been scheduled for August 20 for the sale of
substantially all of the company's assets, including
inventory, certain executory contracts, fixtures,
furniture, equipment, trademarks and tradenames,
mailing lists and other miscellaneous assets, according to
a newswire report. The Cherry Hill, N.J., company expects
to sell these assets to Oxxford Express Inc. for $2.4
million, which is higher than the highest bid of $1.75
million at the company's unsuccessful June 23 bankruptcy
court auction. Oxxford also would assume the expense of
paying all sums due on athlete and other license contracts,
and a break-up fee of $75,000 would be paid to
Oxxford if a higher bidder surfaces on August 20. Score
Board filed chapter 11 in March.
The company's proposed sale has the support of Congress
Financial Corp., its secured lender, and its Unsecured
Creditors' Committee. (ABI 05-Aug-98)


TECHNIMAR INDUSTRIES: Files Chapter 11
--------------------------------------
Technimar Industries of St. Paul, Minn., announced that it
filed chapter 11 on Friday, prior to completing a $35
million synthetic granite factory on the Iron Range,
according to the Associated Press. The Minneapolis police
pension fund, which has provided the company with more than
$16 million, and the city of Cohasset are listed
as the largest creditors. Acting CEO Douglass Coy said that
a sale of the company is pending, but he did not name the
buyer. (ABI 05-Aug-98)


TOY BIZ: Reports Second Quarter Financials
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Toy Biz, Inc. (NYSE: TBZ) reported financial results for
the second quarter ended June 30, 1998.  Second quarter  
net sales in 1998 were $48.7 million with net income of
$2.1 million, or $0.08 per share, compared to net sales of
$34.5 million and a net loss of $5.3 million, or $0.19 per
share in the second quarter a year ago.

For the six months ended June 30, 1998, net sales were
$91.3 million with net income of $3.2 million or $0.11 per
share, compared to net sales of $68.9 million and net loss
of $4.8 million, or $0.17 per share a year ago.

Joseph Ahearn, President and CEO of Toy Biz, commented
that: "We are quite pleased with our second quarter net
sales, which continue to reflect ToyBiz's marketing and
sales initiatives begun in 1997."

Mr. Ahearn continued, "Although our Marvel action figure
products continued to be hampered both domestically and
internationally by Marvel's bankruptcy during the second
quarter, we intend to begin the demanding process of  
rebuilding this segment of the Company's business following
the resolution of the bankruptcy."

Mr. Ahearn also commented on the recent decision by the
U.S. District Court which approved ToyBiz's modified plan
of reorganization for Marvel on July 31, 1998 with, "After
long and complicated proceedings, we are very
pleased to have  achieved approval of a global plan to
settle the Marvel bankruptcy matter.  We have been
committed for some time, to reaching a mutually agreeable
resolution  for the creditors and stockholders of
Marvel."
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A calendar of Meetings, Conferences and Seminars column
appears each Tuesday in the TCR.  Submissions via e-mail to
conferences@bankrupt.com are encouraged.

Bond pricing, appearing each Friday, is supplied by DLS
Capital Partners, Dallas, Texas.


S U B S C R I P T I O N   I N F O R M A T I O N     

Troubled Company Reporter is a daily newsletter, co-
published by
Bankruptcy Creditors' Service, Inc., Princeton, NJ, and
Beard
Group, Inc., Washington, DC.  Debra Brennan and Lexy
Mueller,
Editors.   

Copyright 1998.  All rights reserved.  ISSN 1520-9474.  
This
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