SOURCE: Collectible Concepts

March 07, 2005 11:05 ET

Collectible Concepts Group Announces $3,000,000 Line of Credit

DOYLESTOWN, PA -- (MARKET WIRE) -- March 7, 2005 -- Collectible Concepts Group, Inc (OTC: CCGI) announced today that its BanaUSA joint venture has secured a $3,000,000 purchase order and factoring credit line. BanaUSA is jointly owned by CCGI and BanaHoldingsUSA. Richard Newman, CEO of BanaHoldings states, "This is a major benefit for us, being able to finance sales of Fanbanas for current and future licenses of our joint venture."

About Collectible Concepts Group:

Headquartered in Doylestown, PA, Collectible Concepts Group, Inc. develops and markets unique licensed entertainment, sports, and music collectible merchandise for specialty, mass retail and online distribution. Nationally recognized in direct response marketing, replica design, mass-market distribution and E-commerce marketing, the company's products are renowned both for quality and authenticity. Licenses include The Three Stooges®, over 25 Colleges & Universities, The National Football League and others.

This release includes projections of future results and "forward-looking statements" as that term is defined in Sections 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations are disclosed in this release, including, without limitation, in conjunction with those forward-looking statements contained in this release.

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