EXHIBIT 99


JUST TOYS ANNOUNCES NASDAQ DELISTING


Dobbs Ferry, N.Y., October 30, 1998:
Just Toys, Inc. announced today that Nasdaq advised the company late yesterday
that, effective the close of business on October 29, 1998, its common stock had
been delisted from the Nasdaq National Market as a result of the common stock's
non-compliance with Nasdaq's $1.00 minimum bid price and $5,000,000 market value
of public float continued listing requirements. Just Toys' common stock is
currently being quoted on the OTC Bulletin Board under the symbol "JUST".

Just Toys Inc. is a manufacturer and marketer of toys, sold in the United States
and  internationally.  Its  licenses  include such well known names as Spalding,
Louisville Slugger, and the World Wrestling Federation (WWF).

Except for historical information, this news release contains forward-looking
statements which involve unknown risks and uncertainties that may cause the
Company's actual results or outcomes to be materially different from those
anticipated and discussed herein. Important factors that might cause such
differences include the Company's dependence on the timely development,
introduction and customer acceptance of new products, changes in consumer
preferences, dependence on a limited number of major customers, the impact of
competition on revenues, margins and pricing, inventory management of customers,
reliance on manufacturers based in China, and other factors discussed from time
to time in the Company's public announcements and filings with the Securities
and Exchange Commission.