CCGR news out today...
DOYLESTOWN, Pa.--(BUSINESS WIRE)--May 23, 2000--
Licensing Program to Benefit from Awareness of Internationally Known Sporting Event
Collectible Concepts Group, Inc. (OTC: CCGR, news, msgs) has acquired a license to manufacture and distribute a replica of the Indy 500(R) Titan Motorcycle, a limited edition motorcycle, manufactured by Titan Motorcycle Company of America (Nasdaq: TMOT, news, msgs) based in Phoenix, Arizona, that will be sold in connection with the upcoming motorcar race.
Collectible Concepts chairman and chief executive officer Paul Lipschutz said the agreement offers the company several attractive features. "First, Titan will continue to manufacture other collectible motorcycles, and these new bikes represent attractive licensing opportunities for us. Second, Titan's network of more than 80 domestic and international dealers, which will carry our Titan 500 replica, offer a viable source of immediate distribution. And finally, we believe that we will enjoy the support of the many retail outlets which already do a substantial business in Indy 500(R) licensed products."
Collectible Concepts national sales manager Peter Brown said he felt the running of the 84th Indianapolis 500 race on May 28 - one of the most widely recognized and watched sporting events of the year - will increase consumer interest in the Titan 500 replica. "We believe that the Indy 500(R) race will deliver the kind of consumer awareness that money cannot buy."
In addition to traditional retail outlets, the Titan 500 will be marketed on the website www.collectmotorcycles.com which was developed and will be maintained by Collectible Concepts Group.
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 also an official licensee of New Line Productions, Inc. and produces replicas of props from 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 recently acquired the Mini-V.com website, featuring Austin Powers' star Verne J. Troyer. Along with the Mini-V.com project, CCGR is developing the X-MEN Collector's Club, and a variety of X-Men products under license from Marvel Comics.
More About Titan Motorcycle Company
Founded in 1994, Titan Motorcycle Co. of America is a premier designer, manufacturer and distributor of high-end, American-made, V-twin engine motorcycles marketed under various Titan trademarks. Titan's unique, hand-built configurations, including the Gecko(TM), Roadrunner(TM), Sidewinder(TM) and Phoenix(TM), represent the finest available in custom-designed, volume-produced, performance motorcycles. Manufactured at the Company's corporate headquarters and manufacturing facility, and available with a variety of customized options and designs, Titan large displacement motorcycles are sold through a network of over 80 domestic and international dealers.
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
or
Financial Communications Associates
Analyst Contact - David Evanson, 610-649-3604
devanson@fcair
or
Media Contact - Peter Winicov, 610-642-8253
peter@gregcomm.com |
