Collectible Concepts Group Effects Reverse Stock Split

Monday December 18, 10:28 AM EST

Assigned New Trading Symbol "CCNG"

Collectible Concepts Group, Inc. (CCNG) formerly (CCGI) announced that its shareholders have approved a reverse split of its issued and outstanding common stock on the basis of one share of common stock to be issued for each 100 shares issued and outstanding. Collectible Concepts has been assigned a new stock symbol and will now trade under the symbol "CCNG."

At a meeting of its annual shareholders held December 15, 2006, Collectible Concepts agreed to the 1 for 100 reverse stock split to decrease its average shares outstanding to 99 million. According to the Company, the reverse split was effected in order to make the company more attractive to a better grade of investors, allowing it to attract additional capital for growth.

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:
Rick McCaffrey
Investor Relations for Collectible Concepts Group
OTC Financial Network
781-444-6100 x625