Collectible Concepts Upgrades IT Systems

Thursday June 8, 9:00 AM EDT

Collectible Concepts Group, Inc. (CCGI) announced today that it has begun an extensive upgrade to its internal IT systems. "The expansion of our business has created a demand for more extensive information technology resources than we have had in the past," said Paul S. Lipschutz, CCGI President. "We have added several new sales and marketing personnel to our ranks in order to capitalize on the opportunities presented by the recent addition of Brax 3D products and our American Sports Ventures JV with Gridworks, Inc.," said Lipschutz. "At out corporate offices, we added several new workstations and upgraded our LAN and are installing new and more powerful servers to accommodate the increased activity created by the growth of our business," he said.

"Additionally, we have placed our entire inside and outside sales force on the ACT Contact & Customer Management System to provide better coordination and add important structure to our sales activities. By introducing this Web-enabled application our sales personnel now have remote access to our central data bases as well as key updates and current information via the Internet," Lipschutz said.

About Collectible Concepts
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