Collectible Concepts and Prime Battery Form Joint-Venture.Business Editors DOYLESTOWN, Pa.--(BUSINESS WIRE)--March 10, 2003 Prime Battery Products Limited, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Pivotal Self-Service Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PVSS PVSS Peripheral Vascular Surgery Society PVSS Post Vietnam Stress Syndrome PVSS Process Visualization and Control System ) and Collectible Concepts Group Inc. (OTCBB:CCGI CCGI Coventree Consulting Group International ) are pleased to announce the formation of a joint-venture between the two companies. The purpose of the joint-venture is to unite the high quality and affordable battery products distributed by Prime Battery with the licensing and merchandising relationships of CCGI. The joint-venture will be 50% owned by both companies and will operate as MightyCell(TM). The MightyCell brand of batteries and battery related products will be marketed throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and the company will be targeting licensing opportunities in the entertainment and sports industries. John Simmonds, Chairman and Chief Executive of PVSS, stated, "This is an extraordinary opportunity to develop new channels to market for our battery business. We are very pleased with the CCGI marketing and creative team, and we look forward to building MightyCell into a successful and profitable venture for both companies." Philip Verruto, Chief Executive of CCGI, added, "My team is very eager to begin working on the MightyCell battery market. We are encouraged by the initial reaction from our existing licensees and customers, and believe this product will have tremendous appeal as a licensed product to the entertainment and sports industries." Pivotal Self-Service Technologies Inc., through its operating subsidiaries An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. , Prime Wireless Inc. and Prime Battery Products Limited, is a distributor and sales representative of high quality electronic products and consumer related products. Visit Prime Battery today at www.primebatteryproducts.com. Headquartered in Doylestown, Pa., 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, the company's products are renowned both for quality and authenticity. Licenses include Three Stooges Three Stooges U.S. comedy team. It was originally formed as a vaudeville team in 1923 by brothers Moe and Shemp Howard (1897–1975, 1900–55), who performed with “Ted Healy and His Stooges. and Marvel The original code name for Microsoft Network. Universe Characters among many others. See Collectible Concept Group's corporate website for more information: www.collectibleconcepts.com or www.otcfn.com/ccgi. This release includes projections of future results and "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " as that term is defined in Sections 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations are disclosed in this release, including, without limitation, in conjunction with those forward-looking statements contained in this release. |
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