Here is the news
Collectible Concepts Group Announces Private Placement
Business Editors
DOYLESTOWN, Pa.--(BUSINESS WIRE)--Aug. 31, 1999--Collectible
Concepts Group Inc. (CCGR) (OTC BB:CCGR) Tuesday announced that the
company plans to raise additional capital through a "best efforts"
offering of private equity placement of common stock.
The "best efforts" offering is targeted to raise $250,000 in
funds, with CCGR reserving the right to raise the offering to
$500,000.
Proceeds of the offering are intended to be used for working
capital, the purchase of additional key licenses and acquisitions.
Commenting on the planned transaction, Jeffrey Andrews, CFO at
CCGR said, "The offering will greatly enhance expansion of the
company, as we continue to pursue strategies that will enable CCGR to
grow both internally and through acquisitions."
The private placement is being managed and executed by Bryn Mawr
Investment Group Inc. (BMIG), an independent investment firm based in
Bryn Mawr, Pa. BMIG provides a full range of investment banking
services and products to individuals, corporations, trusts, endowments
and public funds and enjoys a vast range of strategic alliances with
private placement specialists, corporate financial agents, banking
officers, leading money managers and venture capitalists.
Based in Doylestown, Collectible Concepts Group Inc. develops and
markets licensed collectible merchandise in the entertainment and
sports markets. The principals of CCGR have been trend-setters in the
collectibles industry since 1982, and are nationally recognized in
direct response marketing, replica design and mass market
distribution. CCGR is a publicly owned company that trades under the
stock symbol, CCGR (OTC-BB).
Statements about the company's future expectations, including
future revenues and earnings, and all other statements in this 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.
For more information, contact Collectible Concepts Group Inc.,
1600 Lower State Road, Doylestown, Pa. 18901, Phone: 215/491-1075,
Fax: 215/491-1079, e-mail: info@collectibleconcepts.com, or visit the
company's Web site at www.collectibleconcepts.com.
--30--pp/mi*
CONTACT: Hoffman Resources Inc.
Stephanie Hoffman, 908/431-1660
shoffman@hoffmanresources.net
KEYWORD: PENNSYLVANIA
INDUSTRY KEYWORD: ENTERTAINMENT SPORTS
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
Aug-31-1999 08:51 GMT
Symbols:
US;CCGR
Source BW Business Wire |
