Collectible Concepts Group to Distribute GridWorks'
Commemorative Wood Sports Products
Thursday April 6, 10:01 am ET
Agreement Expected to Add Approximately $2 Million in Revenues
in the First Year
DOYLESTOWN, PA--(MARKET WIRE)--Apr 6, 2006 -- Collectible Concepts Group (OTC
BB:CCGI.OB - News), an emerging licensed sports, entertainment and music products
Company, announced today it has signed a strategic distribution with GridWorks,
Inc. of Elgin, Iowa, a quality producer of licensed, commemorative wood sports
products.
GridWorks has produced quality, licensed football, basketball and baseball commemorative
wood sports products with the marks associated with various collegiate and national
sports leagues, including professional football and Major League Baseball. Collectible
Concepts will distribute Gridwork's unique, American-made products through its
established nationwide network. Under the distribution license with GridWorks,
Collectible Concepts will be branding the line as "Sports Memories in Wood"
and offering monthly collections as well as wholesale offerings to stores throughout
the country.
President Paul Lipschutz said, "Partnering with GridWorks to distribute
its unique sports products affords Collectible Concepts access to additional
revenue streams from our established sports fan base. We look forward to successful
introduction of the products to a nationwide audience, and continued growth
of the relationship over the long term.
"Under terms of the agreement, GridWorks and Collectible Concepts will
pursue completion of a joint venture to further expand growth potential for
both companies, including broadening product lines, introduction of new products
and expansion of GridWorks' popular holiday mall kiosk program. Successful distribution
of GridWorks products is expected to be immediately accretive to revenues for
Collectible Concepts, adding an expected $2 million over the first year."
About Collectible Concepts
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, 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.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
OTC Financial Network
781-444-6100