ROADMASTER INDUSTRIES AND THE ACTAVA GROUP COMPLETE MERGER OF SPORTS GROUP.

ENGLEWOOD, Colo. and ATLANTA--(BUSINESS WIRE)--Dec. 7, 1994-- Roadmaster Industries, Inc. (AMEX:RDM) and The Actava Group (NYSE:ACT) today jointly announced the completion of the combination of Actava's four sporting goods companies with Roadmaster. The transaction closed today following the approval at a special meeting of Actava's stockholders held yesterday morning. The transaction was approved by the stockholders of Roadmaster at a special meeting held October 31, 1994.

Actava transferred ownership of its four sporting goods companies to Roadmaster in exchange for approximately 19.2 million newly issued shares of Roadmaster's common stock, which will represent ownership of approximately 39% of the outstanding common stock of Roadmaster. As a result of the transaction, Roadmaster's shareholder's equity, based on the recent stock price, will increase $76.7 million.

The four companies transferred to Roadmaster are Diversified Products Corporation, Hutch Sports USA Inc., Nelson/Weather-Rite, Inc., and Willow Hosiery Company, Inc. These companies manufacture, import and distribute products for a broad cross-section of the sporting goods, fitness, camping, and leisure markets. Products are sold under a variety of brand names, including DP, Hutch, Reach, Weather-Rite and American Camper . These companies also sell products under licenses from the National Football League, National Basketball Association, National Hockey League, Major League Baseball, The Walt Disney Company, Inc., Remington Arms Company, Inc. and numerous colleges and universities.

"With approximately $750 million in annual revenues, Roadmaster is now one of the largest manufacturers and suppliers of sporting goods products," said Henry Fong, Roadmaster's President and Chief Executive Officer. Mr. Fong added, "This transaction accelerates our growth plans, as we expand our product lines and achieve the economies of scale necessary to enhance our position as a low-cost producer of competitively priced products."

Under the terms of the agreement, Actava is entitled to designate four of the nine members who will serve on the Board of Directors of Roadmaster. The four new Roadmaster directors are John D. Phillips, President and Chief Executive Officer of Actava, Carl E. Sanders, a member of the Board of Directors of Actava, Chairman of the Atlanta law firm Troutman Sanders and a former governor of Georgia, Clay C. Long, a senior partner in Long, Aldridge & Norman, an Atlanta law firm and Michael P. Marshall, a private investor and the former Chairman of the Board of Directors of Resurgens Communications Group, Inc.

Roadmaster is one of the largest manufacturers of bicycles and a leading manufacturer of sporting goods and junior products. The trademarks or brand names under which Roadmaster sells it products include Roadmaster, Flexible Flyer, Vitamaster, MacGregor, and American Playworld, DP, Hutch, Reach, Weather-Rite and American Camper.

CONTACT: Roadmaster Industries, Inc.

             Henry Fong, 407/624-0885
                       or
             Morgen-Walke Associates
             Christine DiSanto/Adam Steinberg
             Helen Spanakos - Media Relations
             212/850-5600