Collectible Concepts & Bana Holdings Sign
Thursday October 14, 10:00 AM EDT
DOYLESTOWN, Pa., Oct 14, 2004 (BUSINESS WIRE) -- Collectible Concepts Group,
Inc. (CCGI) announced today that it has entered into a Memorandum of Understanding
with Bana Holdings, USA, Inc. of New York, to jointly form a new corporation
called Bana USA. The new entity is being formed to distribute the Fanbana(TM)
and all other bana products manufactured by Bana Holdings. Under the terms of
the Memorandum, Bana USA will become the exclusive United States distributor
for the Fanbana(TM) and all other Bana(TM) products whether unlicensed or sold
under specific brand licenses. CCGI has already supplied Fanbanas to Delta Airlines
and McDonald's for both premium and on sale items. CCGI President Paul S. Lipschutz
states, "This is a great opportunity for CCGI. The Fanbana(TM) is a unique
and exciting product. It offers value added visual messaging with a multitude
of uses and we expect to develop significant new sales opportunities."
Bana Holdings, USA spokesperson Terence Herzog adds, "We are enthusiastic
about partnering with CCGI in this venture. We believe that their management
and distribution capabilities, especially in the prime Fanbana(TM) markets,
will yield important results for both of our companies."
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(R), over 25 Colleges & Universities 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.
CONTACT: Collectible Concepts Group, Doylestown
Paul S. Lipschutz, 215-491-1075/888-801-5544
Fax: 215-491-1079
http://www.collectibleconcepts.com