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Collectible Concepts Group to Distribute GridWorks' Commemorative Wood Sports Products

Agreement Expected to Add Approximately $2 Million in Revenues in the First Year

Collectible Concepts Group (OTC BB: CCGI), an emerging licensed sports, entertainment and music products Company, announced today it has signed a strategic distribution with GridWorks, Inc. of Elgin, Iowa, a quality producer of licensed, commemorative wood sports products.

GridWorks has produced quality, licensed football, basketball and baseball commemorative wood sports products with the marks associated with various collegiate and national sports leagues, including professional football and Major League Baseball. Collectible Concepts will distribute Gridwork's unique, American-made products through its established nationwide network. Under the distribution license with GridWorks, Collectible Concepts will be branding the line as "Sports Memories in Wood" and offering monthly collections as well as wholesale offerings to stores throughout the country.

President Paul Lipschutz said, "Partnering with GridWorks to distribute its unique sports products affords Collectible Concepts access to additional revenue streams from our established sports fan base. We look forward to successful introduction of the products to a nationwide audience, and continued growth of the relationship over the long term.

"Under terms of the agreement, GridWorks and Collectible Concepts will pursue completion of a joint venture to further expand growth potential for both companies, including broadening product lines, introduction of new products and expansion of GridWorks' popular holiday mall kiosk program. Successful distribution of GridWorks products is expected to be immediately accretive to revenues for Collectible Concepts, adding an expected $2 million over the first year."

About Collectible Concepts

Collectible Concepts Group, Inc. develops and markets unique licensed entertainment, sports, and music 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.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.

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