Collectible Concepts Group Completes Acquisition Of The Rooter Rattle SportsSpecialty Company
Wed Aug 02 10:07:00 EDT 2000
DOYLESTOWN, Pa., Aug 2, 2000 (BUSINESS WIRE) -- Collectible Concepts Group,
Inc. (OTC:CCGR) today announced that it has acquired Rooter Rattle Sports
Specialty Company of Wayne, PA for an undisclosed amount of stock and cash.
CCGR, in March, had entered into a Letter of Intent to acquire the company,
which had 1999 sales of about $1 million.
Rooter Rattle produces licensed sports novelties with the league and team logos
of Major League Baseball, Minor League Baseball, National Professional Soccer
League, American Hockey League, East Coast Hockey League, Class of 2000 and
Arena Indoor Football. The company, formed in 1992 by President James Onufrak,
at present, has some 900 active accounts at major sports venues and retail
outlets. Rooter Rattle's product line includes its signature product the Rooter
Rattle (a shaker/rattle/pom-pom combination), hair accessories displaying team
logos, such as headbands, scunchis(R), barrettes and bows, apparel, and other
novelties.
Peter Brown, CCGR's National Sales Manager, noted that, "One of the first orders
of business will be to create a Web page for the Rooter Rattle product line,
place Rooter Rattle's products into CCGR's existing distribution channels, and
plug our products into the channels Rooter Rattle has developed so well. We will
also bring new licenses into the fold while extending distribution into entirely
new channels. We expect very strong sales increases as a result."
More About Collectible Concepts Group, Inc.
Headquartered in Doylestown, Bucks County, Pennsylvania, Collectible Concepts
Group, Inc., develops and markets licensed collectible merchandise in the
entertainment and sports industries. CCGR is an official licensee of New Line
Productions, Inc., and produces replicas of props for Austin Powers:
International Man of Mystery and the sequel, Austin Powers: The Spy Who Shagged
Me, as well as the creation and management of The Official Austin Powers
Collector's Club website at www.powersclub.com. CCGR is also creating
collectible merchandise for the Terminator and Terminator 2 motion pictures and
is currently building the Official Terminator Collector's Club at
www.terminatorclub.com. CCGR recently acquired the Mini-V website at
www.mini-v.com, which features Austin Powers' star Verne J. Troyer. Currently,
CCGR is hosting the X-Men Collector's Club, www.xmenclub.com, and a variety of
X-Men products under license from Marvel Comics. For baseball fans and
collectors, CCGR recently launched www.collectbaseball.com, which features
authentic baseball memorabilia. CCGR plans to market Music Arts' products to
retailers as well as on its own forthcoming website, www.collectmusicart.com.
Statements about the company's future expectations, including future revenues
and earnings, and all other statements in the press release other than
historical facts are "forward looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. The Company intends that such
forward-looking statements be subject to the safe harbors created thereby. Since
these statements involve risks and uncertainties and are subject to change at
any time, the Company's actual results could differ materially from expected
results.
CONTACT: Collectible Concepts Group, Inc.
Paul S. Lipschutz, 215/491-1075
psl@collectibleconcepts.com
www.collectibleconcepts.com
by
Financial Communications Associates, Inc.
Analyst Contact:
Karen Kruza, 610/649-3604
karen@fcair.com
Media Contact:
Peter Winicov, 610/642-8253
peter@gregcomm.com |
