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To: Jeff who wrote (5093)7/22/1999 2:18:00 PM
From: Robert B.  Read Replies (3) | Respond to of 19297
 
'cause there is news

07/22 13:35 Collectible Concepts Group Announces Extensive
Re-Orders On Its
CCGR.OB>

Collectible Concepts Group Announces Extensive Re-Orders On Its
Austin Powers' Merchandise

DOYLESTOWN, Pa.--(BUSINESS WIRE)--July 22, 1999--Collectible
Concepts Group, Inc. (OTC BB:CCGR) -- an innovator and leader in
the entertainment and sports collectibles industry -- has announced
extensive re-orders from retail locations of its Austin Powers'
merchandise, produced under license from New Line Productions Inc.

Spencer Gifts, New Line Cinema and We're Entertainment, among
others, have re-ordered the Male and Female Symbol Charm
Necklaces within 10 days of receiving their initial shipments.

Harry Alexander, senior vice president of marketing and sales at
CCGR, stated, "This is fantastic...a 10 percent sell-through in this very
short period of time is excellent. These re-orders represent more than
50 percent of the original orders from the retail locations," Alexander
added.

CCGR has begun shipping additional Austin Powers merchandise,
including the Swinger's License Plate, and expects to begin shipping
"The Bag of SHHH"(TM) within 10 days.

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: infocollectibleconcepts.com, or visit the
company's Web site at www.collectibleconcepts.com.

--30--vt/mi

CONTACT: Hoffman Resources Inc., Princeton, N.J.

Stephanie Hoffman, 908/431-1660 shoffmanhoffmanresources.net
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