EXHIBIT 99.2


COURT APPROVES $195 MILLION IN INTERIM FINANCING

RICHMOND,  Va., October 1, 1996 -- Best Products Co., Inc. (Nasdaq: BESTQ) today
said the United  States  Bankruptcy  Court in Richmond,  Va., has approved  $195
million  in interim  financing  that will  allow the  company  to resume  normal
operations.

The  court's  decision  allows  Best  Products  to use $195  million of the $250
million  unsecured  debtor-in-possession  facility the company has obtained from
the CIT  Group/Business  Credit,  Inc.  The  facility  includes  a $100  million
sublimit for letters of credit. A hearing to allow Best Products full use of the
facility is scheduled for October 10, 1996.

Chairman and Chief Executive  Officer Daniel H. Levy said, "The approval of this
interim  facility was  necessary to provide our vendors with a greater  level of
confidence in their relationships with Best Products. Now the company can resume
normal  operations and proceed with  maximizing our sales  potential  during the
fall selling season."

Best Products,  a specialty retailer offering  category-dominant  assortments of
jewelry and home furnishings, operates 169 Best stores in 23 states.

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