Collectible Concepts Acquires Music Art; Acquisition Enables CCGR to Extend Reach into Collectibles Market.

Business Editors

DOYLESTOWN, Pa.--(BUSINESS WIRE)--June 7, 2000

Collectible Concepts Group, Inc. (OTC:CCGR) has acquired Music Art, LLC, Havertown, PA, in exchange for cash and shares of CCGR common stock.

According to Paul S. Lipschutz, CCGR chairman and chief executive officer, the acquisition of Music Art extends the company's reach in the collectibles market. "We feel that music is one area of the collectibles market that holds tremendous, untapped potential. For us, it's a natural extension because the demographics of consumers who collect music are very close to the demographics of consumers to whom we already market sports and entertainment collectibles."

Lipschutz added that strategically, the Music Art acquisition is important because it evens out variance in the company's revenue stream. "Our focus on sports and entertainment means that we have peaks and valleys in our revenues which are tied to seasons and new releases. However, the music properties which we now own as a result of this acquisition occur regardless of the season or the latest release at the box office."

Among the assets to be acquired by Collectible Concepts is the full inventory of Music Art's music and entertainment memorabilia, distribution channels and others assets. Over the past few years, the Company has acquired numerous licensing agreements for collectibles associated with the Beatles, Rolling Stones, Santana, Frank Sinatra, B.B. King, the estate of John Lennon, and many others. "We feel these assets, in combination with Music Arts' database of customers who have bought music collectibles in the past will enable CCGR to quickly capitalize on its investment."

Lipschutz said, "Perhaps the most important asset in the entire transaction is addition of Music Art founder Mr. Denny Somach to Collectible Concepts Group. He is one of the nation's foremost rock music historians whose talents span all facets of the entertainment industry including television, radio, cable and music production." Collectible Concepts also plans to market Music Arts products to retailers on its forthcoming website, www.collectmusicart.com.

After a successful career as a radio announcer, Mr. Somach formed his own production company which produced, among other properties, Rock Salutes Motown, hosted by Phil Collins, Great Moments in Rock, hosted by Bob Costas and Lennon Remembered which was hosted by Graham Nash. Mr. Somach's other productions include Legends of Rock, The Authorized Beatles Anthology Radio Show, NBC's Live From the Hard Rock Cafe, Scott Muni's Ticket to Ride, and The Rock of the Century for United Stations.

Mr. Somach was one of the early pioneers in the development and production of so-called long form music infomercials. He worked with Wolfman Jack on the first ever 30-minute music infomercial promoting Solid Gold Rock `n Roll, which sold in excess of $15 million. He followed up with Sixty Greatest Hits of the Sixties with Davy Jones of the Monkees.

Mr. Somach is also a recognized music authority who has appeared on the Today Show, Larry King Live, The Joan Rivers Show, CNN Moneyline, and more. A published author with Ticket to Ride (1989) and Meet the Beatles . . . Again (1995) to his credit, Mr. Somach is currently working on a music collectibles book to be published in 2001.

More About Collectible Concepts Group, Inc.

Headquartered in Doylestown, Bucks County, Pennsylvania, Collectible Concepts Group, Inc., develops and markets licensed collectible merchandise in the entertainment and sports industries. CCGR is an official licensee of New Line Productions, Inc., and produces replicas of props for Austin Powers: International Man of Mystery and the sequel, Austin Powers: The Spy Who Shagged Me as well as the creation and management of The Official Austin Powers Collector's Club website at www.powersclub.com. CCGR is also creating collectible merchandise for the Terminator and Terminator 2 motion pictures and is currently building the Official Terminator Collector's Club at www.terminatorclub.com. CCGR recently acquired the Mini-V website at www.mini-v.com, which features Austin Powers' star Verne J. Troyer. Currently, CCGR is developing the X-Men Collector's Club, www.xmenclub.com, and a variety of X-Men products under license from Marvel Comics. For baseball fans and collectors, CCGR recently launched www.collectbaseball.com, which features authentic baseball memorabilia. CCGR plans to market Music Arts products to retailers as well as on its own forthcoming website, www.collectmusicart.com.

Statements about the company's future expectations, including future revenues and earnings, and all other statements in the 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.