Collectible Concepts Group Announces $3,000,000 Line
of Credit
Monday March 7, 12:04 PM EST
Collectible Concepts Group, Inc (CCGI) announced today that its BanaUSA joint
venture has secured a $3,000,000 purchase order and factoring credit line. BanaUSA
is jointly owned by CCGI and BanaHoldingsUSA. Richard Newman, CEO of BanaHoldings
states, "This is a major benefit for us, being able to finance sales of
Fanbanas for current and future licenses of our joint venture."
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
Paul S. Lipschutz
215-491-1075
215-491-1079 (fax)
888-801-5544
http://www.collectibleconcepts.com
e-mail: info@collectibleconcepts.com