SOURCE: Collectible Concepts

May 03, 2006 09:31 ET

Collectible Concepts Group, Inc. to Sell Its Gridworks JV Products Through Malls

DOYLESTOWN, PA -- (MARKET WIRE) -- May 3, 2006 -- Collectible Concepts Group (OTC BB: CCGI) today announced that it is finalizing plans to sell its "Sports Memories in Wood" products through selected retail malls across the country in the upcoming holiday season. "Our Gridworks JV product line, which we call Sports Memories in Wood, is comprised of hardwood baseballs, footballs, basketballs and other sports memorabilia licensed by NFL, MLB, NBA, NHL and a variety of well known colleges and universities," said Paul S. Lipschutz, CCGI President. The Sports Memories in Wood products are superior sports collectibles manufactured from quality hardwoods including cherry, maple and ash, laser etched with appropriate team or school logos, emblems and statistics. "Our Sports Memories in Wood are truly unique and make outstanding holiday gift items and Gridworks, Inc., our joint venture partner, has had notable success in holiday marketing through regional malls in the past," said Lipschutz. "Gridworks has been selling through malls for the past five years and has been in up to 60 malls in a single holiday season and individual malls have produced sales volumes from $35,000 to over $70,000 in a two month selling period. We plan to expand that number to include high end malls in all cities that have major league ball clubs as well as those cities surrounding key colleges and universities," said Lipschutz.

About Collectible Concepts

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, Collectible Concepts and its products are renowned both for quality and authenticity. Licenses include over 25 colleges and universities, including: The National Basketball Association (NBA), The National Hockey League (NHL), Arena Football, and others. For more information, visit: www.collectibleconcepts.com or www.otcfn.com/ccgi.

SAFE HARBOR STATEMENT

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements.

Contact Information

  • Contact:
    Rick McCaffrey
    OTC Financial Network
    781-444-6100
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