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JSE, Hassman, et al, Announce Full Settlement of Lawsuit and Related Issues

    ATLANTA, July 17 /PRNewswire/ -- It was announced today that the action
commenced by J. SPORTS & ENTERTAINMENT, L.L.C. ("Plaintiff" or "JSE, LLC"),
against JAY HASSMAN, BTP CONSULTING, LEN SABAL and K-4, L.L.C. (collectively
the "Defendants") on July 30, 2002 in the Circuit Court of Davidson County,
Tennessee, which was removed to the U.S District Court for the Middle District
of Tennessee, Nashville Division, on August 30, 2002 as Civil Action File No.
3:02-CV-00853, has been resolved and fully settled by the Parties.
    Today's joint announcement by Plaintiff and Defendants states that the
Parties agreed to settle and compromise the litigation through a "mutual walk
away," with no settlement payments by any Party, and to dismiss with prejudice
all claims and counterclaims in the litigation.
    The announcement also notes that, "This [Settlement] Agreement and any
proceedings taken hereunder are not and shall not in any way be construed as
or deemed to be evidence of or any admission or concession of wrongdoing or
liability, or an admission of the truth of an, or an admission of the truth of
an fact, on the part of any Party, their counsel, or any of them, which
liability is expressly denied and disclaimed by each of the Parties."
    No additional information or statements regarding any of the claims,
counterclaims or the like at issue in the litigation shall be available in the
future from any of the Parties, their agents or related entities.

     Contacts:
     For JSE/Plaintiff:
     C. Bennett Harrison, Jr.
     CORNELIUS & COLLINS, LLP
     Suite 1500, Nashville City Center
     511 Union Street
     P.O. Box 190695
     Nashville, Tennessee 37219
     (615) 244-1440

     For Defendants:
     Greg Michell
     MEADOWS, ICHTER & BOWERS, P.C.
     Fourteen Piedmont Center
     3535 Piedmont Road, Suite 1100
     Atlanta, Georgia 30305
     (404) 261-6020


SOURCE K-4, L.L.C.




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CONTACT:
For JSE-Plaintiff - C. Bennett Harrison, Jr.,
CORNELIUS & COLLINS, LLP, +1-615-244-1440; For Defendants - Greg
Michell, MEADOWS, ICHTER & BOWERS, P.C., +1-404-261-6020