Collectible Concepts Group Featured in MSN 'Money Central' Online Article
Wednesday November 3, 12:59 PM EST
Division of CNBC Highlights CCGI's Growth Prospects
Collectible Concepts Group, Inc (CCGI) announced today that it has been featured
in an MSN Money, a division of CNBC, in an online article entitled, "Finding
Gold in the Pink Sheets," by Michael Brush. Full text of the article can
be found at: http://moneycentral.msn.com/content/P92943.asp.
According to the article, "...these days you're likely to be rubbing shoulders
with a blue-chip mutual fund shop like Fidelity Investments if you buy pink-sheet
shares. Thanks to the economic downturn, accounting mishaps and stricter financial
reporting rules that strap a financial burden on tiny companies if they stay
on the main exchanges, more and more respectable businesses with decent prospects
have migrated to the pink sheets. In short, there's gold in the pink sheets,
if you know how to look."
Of Collectible Concepts, Brush says, "Collectible Concepts has an exclusive
license with the National Football League and dozens of universities. McDonald's
test-marketed the [Collectible Concepts] fanbana in Atlanta with 'phenomenal'
results, says Collectible Concepts CEO Paul Lipschutz. Delta Airlines has placed
orders for fanbanas stamped with its name and the logos of the New York Mets,
New England Patriots, Cincinnati Bengals and Atlanta Falcons. And 30 universities
have ordered Collectible Concepts novelty items.
"The company [Collectible Concepts] also looks seriously cheap. Revenue nearly doubled in the last two quarters to $800,000, and the company expects to do $5 million to $7 million in sales in the next four quarters. If so, with a market cap of just $1 million, that would give the company a forward price-to-sales ratio of around 0.2."
About MSN Money's 'Company Focus'
MSN Money Columnist Michael Brush's weekly 'Company Focus' recently earned a
"Best in Business" award from the Society of American Business Editors
and Writers. Brush was among more than 700 entrants in the annual competition,
going head-to-head with entries from CBS MarketWatch, CNN Money, TheStreet.com,
CNet, Reuters, Bloomberg and many others. For more information, visit: http://moneycentral.msn.com.
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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Contact:
Collectible Concepts Group
1600 Lower State Road
Doylestown, Pa 18901
Paul S. Lipschutz
215-491-1075
215-491-1079 (fax)
888-801-5544
http://www.collectibleconcepts.com
e-mail: info@collectibleconcepts.com