Collectible Concepts Group Inc. to Distribute Yankees World Series Collection

Market Wire, June, 2006

Collectible Concepts Group, Inc. (OTCBB: CCGI) announced today that it will market three limited edition baseball collections each commemorating an era of World Series Championships by the New York Yankees.

"This is truly a special collector's item," said Paul S. Lipschutz, CCGI President. "We have created a unique display featuring ten richly finished, cherry hardwood baseballs, laser engraved with the series year and date, teams, game scores, and the World Series logo for that year. The first Yankee World Series collection memorializes each of the Yankees' first ten World Series Championships from 1923 through 1943. The Yankee World Series Collection may be acquired one ball at a time or in a single purchase of all ten series balls. A distinctive hanging wall presentation displays the collector balls in a unique manner, adding to the overall presentation of the collection."

Lipschutz continued, "This is the first special offering to come from American Sports Ventures, our Joint Venture with Gridworks, Inc. and we are thrilled with it. We hope to be producing other, similarly exceptional collections from the JV soon."

About Collectible Concepts

Collectible Concepts Group, Inc. develops and markets unique licensed sports and entertainment collectible merchandise for specialty, mass retail and online distribution. Nationally recognized in direct response marketing, replica design, mass-market distribution and E-commerce marketing, Collectible Concepts and its products are renowned both for quality and authenticity. Licenses include over 25 colleges and universities, and other organizations including: The National Basketball Association (NBA), The National Hockey League (NHL), Arena Football, and others. For more information, visit: www.collectibleconcepts.com or www.otcfn.com/ccgi .

SAFE HARBOR STATEMENT

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements.

Contact: Rick McCaffrey OTC Financial Network 781-444-6100 Email Contact