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COLLEGE BOUND TO SELL SUBSIDIARY TO FORMER OWNER

 COLLEGE BOUND TO SELL SUBSIDIARY TO FORMER OWNER
 FORT LAUDERDALE, Fla., May 19 /PRNewswire/ -- Joseph V. Del Raso,


the court-appointed receiver of College Bound, Inc., (CBI) announced today that College Bound has signed an agreement to sell all of its interests in APTS, a wholly owned subsidiary of CBI, to the former owner, Jack Goetz, subject to approval by the Bankruptcy Court. APTS provides tests preparation courses for state bar exams in Arizona and California. APTS trades under the names of Barpassers, for the full service bar review course and APTS for the multi-state portion of the bar exam.
 The sale to Goetz is valued at several million dollars including an immediate cash payment to be used to support continued operations of CBI. In addition, CBI will receive short-term secured promissory notes and the assignment of various third-party claims held by APTS and Goetz against others. APTS and Goetz have agreed to release College Bound from the litigation currently pending against the company.
 Del Raso also stated that "this transaction will sever any ties between College Bound and APTS which should have a positive impact on APT's operations."
 For more information regarding the continued operations of APTS, contact Jeffrey Berkowitz at 310-274-8300.
 Del Raso said, "We have been conducting active negotiations with a number of interested parties with regard to the sale of the Ronkin Educational Group, which operates or controls 150 test preparation centers around the country."
 For additional information, contact Jane Swanko at 305-663-0770 or 305-663-0977.
 Joseph V. Del Raso is a partner with the Fort Lauderdale office of the law firm Holland & Knight. Their office is located at One East Broward Blvd. The telephone number is 305-525-1000.
 Holland & Knight is the state of Florida's largest law firm.
 -0- 5/19/92 R
 /CONTACT: Jane Swanko of Jane Swanko Market & Media, 305-663-0770 or 305-663-0977, for College Bound, Inc./ CO: College Bound, Inc. ST: Florida IN: SU:


JB-AW -- FL011 -- 1796 05/19/92 11:53 EDT
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Date:May 19, 1992
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