SOURCE: Collectible Concepts

December 18, 2006 10:29 ET

Collectible Concepts Group Introduces New Bamboo Product Line

Company's First "Environmentally Friendly" Products

DOYLESTOWN, PA -- (MARKET WIRE) -- December 18, 2006 -- Collectible Concepts Group, Inc. (OTCBB: CCNG) formerly (OTCBB: CCGI) announced today that it has recently added a brand new line of officially licensed bamboo products and is set to introduce the bamboo line into the professional sports licensing marketplace.

In addition to the Company's licensed sports merchandise, Collectible Concepts Group's bamboo line will be offered on its newest licenses for Military mascots. The bamboo items are engraved with the copyright designs of the United States Marine Bulldog, United States Army Mule, United States Navy Goat, the United States Air Force Falcon and the Coast Guard Otter.

Collectible Concepts Group's new bamboo items consist of cutting boards, available in small, medium, and a larger breadboard size, and kitchen canisters that are also available in an attractive three-piece set. Collectible Concepts Group National Sales Coordinator Shaun Barton states, "These new items will be an excellent addition to the company's current product line and have already been heralded by our sales force."

Collectible Concepts Group is proud to add a product that is environmentally friendly, and that: looks beautiful, is easy to maintain, is a renewable resource and is harder than most hardwoods. Bamboo is the fastest-growing woody plant in the world. After harvesting, 1/3 of the bamboo tree will fully grow back within a year.

Collectible Concepts Group's new bamboo product line will be marketed under a Joint Venture Agreement with Gridworks, Inc. of Elgin, Iowa. Under the agreement, a new corporation called American Sports Ventures, Inc. was created to produce and market licensed, high-quality wood sports collectibles.

About Collectible Concepts Group

Collectible Concepts Group, Inc. develops and markets unique licensed sports and entertainment 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
    Investor Relations for Collectible Concepts Group
    OTC Financial Network
    781-444-6100 x625
    Email Contact