03/27 22:07 Collectible Concepts Group Announces Letter of Intent With Rooter
<CCGR.OB>
Collectible Concepts Group Announces Letter of Intent
With Rooter Rattle Sports Specialty Company
DOYLESTOWN, Pa., March 27 /PRNewswire/ -- COLLECTIBLE CONCEPTS GROUP, INC. (OTC Bulletin Board: CCGR) announced today that it has entered into a letter of intent to acquire ROOTER RATTLE SPORTS SPECIALTY COMPANY, of Wayne, Pa.
Rooter Rattle Sports Specialty Company was formed in 1992 by its president James Onufrak. Rooter Rattle produces licensed sports novelties 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.
CCGR's national sales manager, Peter Brown, states, "The addition of Rooter Rattle's products to our existing products line is an excellent fit for distribution of both companies' products. We plan to add other licenses and further distribution to dramatically increase sales of Rooter Rattle products.
Rooter Rattle had sales of approximately $840,000 last year and currently has 900 active accounts at venues including stadiums and retail outlets.
The product line includes the Rooter Rattle (fan rattle), hair accessories, apparel and novelties. Headquartered in historic Doylestown, Bucks County, Pennsylvania, Collectible Concepts Group, Inc. develops and markets licensed collectible merchandise in the entertainment and sports industries. See Collectible Concept Group's corporate website for more information: www.collectibleconcepts.com.
Notice: This release and oral statements made from time to time by Company representatives concerning the same subject matter may contain so-called "forward-looking statements." These statements can be identified by introductory words such as "expects," "plans," "will," "estimates," "forecasts," "projects" or words of similar meaning, and by the fact that they do not relate strictly to historical or current facts. Forward-looking statements frequently are used in discussing regulatory submissions and approvals, development programs, etc. Many factors may cause actual results to differ from forward-looking statements, including inaccurate assumptions and a broad variety of risks and uncertainties, some of which are known and others of which are not. No forward-looking statement is a guarantee of future results or events, and one should avoid placing undue reliance on such statements. SOURCE Collectible Concepts Group, Inc. -0- 03/27/2000
/CONTACT: Steven Benson of Collectible Concepts Group, 215-491-1075/
/Web site: collectibleconcepts.com / -- PHM036 -- 2084 03/27/2000 12:42 EST prnewswire.com Copyright PR Newswire 1998. All rights reserved.
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