Collectible Concepts Group Adds Project Manager for Armed Forces Mascots License

Collectible Concepts Group, Inc. (OTCBB: CCGI) announced today that Noah I. Sokoloff has joined the company with the primary responsibility of leading CCGI's marketing efforts for its Armed Forces mascots license.

Sokoloff graduated from Temple University's School of Communications with a focus on advertising. At Temple University, Sokoloff assumed several leadership roles, including executive creative director for Diamond Edge Communications, Temple's student-run advertising agency.

Paul Lipschutz, President of CCGI, said, "We are proud to have attracted someone of Noah's caliber to lead this exciting and worthy project for us."

CCGI signed a five-year renewable license deal in April of 2006 with Diann Wall-Wilson, the owner of the copyright designs of the United States Marine Bulldog, United States Army Mule, United States Navy Goat, the United States Air Force Falcon and the Coast Guard Otter.

Under the terms of the deal CCGI will produce and market its familiar Satin Scrolls, Table Flags, Outside Flags, Laser Etched Wood Plaques, Car Flags and other products already produced or distributed by CCGI.

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, 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 Investor Relations for Collectible Concepts Group OTC Financial Network 781-444-6100 x625 Email Contact