Collectible Concepts Group Prepares to Become Fully Reporting Issuer

Business Wire, August 27, 1999

DOYLESTOWN, Pa.--(BUSINESS WIRE)--Aug. 27, 1999--

Collectible Concepts Group Inc. (OTC BB:CCGR) Friday announced the appointment of its new auditors, Rudolph, Palitz, LLC, an accounting and consulting firm based in Blue Bell, Pa.

Rudolph, Palitz -- recently acquired by HRB Business Services Inc., a subsidiary of H&R Block Inc. -- have been retained to audit CCGR's financial statements, in order to prepare for filing Form 10 with the Securities and Exchange Commission (SEC) to become a fully reporting company.

"We view this as a crucial step for CCGR, this will enable us to keep up with the increasing demand by investors and the public for up-to-date company financial news and information," stated Jeffrey Andrews, CFO at CCGR.

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.