Escala Group Reports Aggregate Sales of $3.7 Million From Bowers and Merena Auction; First Auction of Fiscal 2007 Sees Strong Demand from On-site, Internet and Telephone Bidders.

NEW YORK -- Escala Group (Nasdaq: ESCL), a global collectibles company in stamps, coins, and art and antiques, today announced the aggregate sales results for its first auction conducted in fiscal 2007. Bowers and Merena Auctions, part of Escala's Spectrum Numismatics division, achieved over $3.7 million, including the buyer's premium, at its sale conducted July 13 and 14, 2006, as the official auctioneer of the Baltimore, Maryland Coin and Currency Convention. E[acute accent]The sale featured 1490 auction lots of rare and high-grade United States coins, many from pedigreed collections. Highlights of the sale included an Indian Head/Buffalo nickel struck in 1926 at the San Francisco Mint (graded MS-65 by Professional Coin Grading Service) that brought $116,150, and a 1930 San Francisco Mint Double Eagle ($20 denomination) gold coin (graded MS-65 by PCGS) featuring a famous early 20th century design by renowned sculptor Augustus Saint-Gaudens that sold for $201,250. E[acute accent]Steve Deeds, President of Bowers and Merena said: "With active bidding coming from on-site, Internet and telephone collectors, the Baltimore auction continued to demonstrate the growing demand across the entire market for collectible and rare coins. Numerous consignors from this sale have expressed their excitement about the success of Bowers and Merena's auction at the Coin and Currency Convention." E[acute accent]Mr. Deeds concluded, "Also in the first quarter of Fiscal 2007, Bowers and Merena, as the official auctioneer at the World's Fair of Money(R) sponsored by the American Numismatic Association, will host five sessions in Denver, Colorado, starting August 16 and running through August 19, 2006. We anticipate that collectively the five individual sessions at the World's Fair of Money(R) will generate Bowers and Merena's largest auction since the company was acquired by Escala Group and Spectrum Numismatics in February 2004." E[acute accent]Complete results of the July Baltimore auction are available at www.BowersandMerena.com by individual lot, including full descriptions, estimates and photographs. A fully illustrated, color printed catalog was produced for the sale; copies are still available for sale upon request.

E[acute accent]About Escala Group, Inc.

E[acute accent]Escala Group is a global network of leading companies in the collectibles market with operations in North America, Europe and Asia as well as on the Internet. The company operates through a number of subsidiaries that specialize in various sectors of the collectibles markets, and is comprised of three business areas: auctions, merchant/dealer operations and trading. E[acute accent]Escala Group's North American auction and retail operations include Greg Manning Auctions division, Ivy & Manning Philatelic Auctions, Greg Manning Galleries, Greg Martin Auctions, Teletrade, Nutmeg Stamp Sales, Superior Sports, Bowers and Merena Auctions, North American Certified Trading, and H.R. Harmer. In Europe, the leading auction houses affiliated with the network are Auctentia Subastas of Madrid, Spain; Corinphila Auktionen of Zurich, Switzerland; and the Koehler group of auction companies of Berlin and Wiesbaden, Germany. In Asia, Escala Group's auction operations are conducted through John Bull Stamp Auctions, Ltd, the oldest philatelic auction house in Hong Kong. E[acute accent]Merchant/dealer activities are conducted through Spectrum Numismatics International, one of the largest wholesalers of rare coins in the U.S. E[acute accent]The trading activities of Escala Group are conducted through A-Mark Precious Metals, one of the largest private sellers of bullion coins and bullion gold, silver and platinum to the wholesale marketplace.

E[acute accent]About Bowers and Merena Auctions

E[acute accent]Founded in 1953 and based in Irvine, California, Bowers and Merena Auctions has grown to become America's leading rare coin auctioneer, providing coins to collectors, dealers and museums in all parts of the world. It's famous public sales include the $44.9 million Louis E. Eliasberg, Sr., Collection and the Harry W. Bass, Jr. Collection which has realized more than $38 million. The company also handled the $25 million Garrett Collection for The Johns Hopkins University, and the $20 million Norweb Collection. In addition, Bowers and Merena holds three of the top seven world-record auction prices for U.S. coins. The company's reference books and catalogues have received more "Publication of the Year" awards and other honors than have those of any other firm. Over the years, The Guinness Book of World Records has devoted more space to the records held by Bowers and Merena Auctions than to all of our competitors combined. The company's motto is, "Your friends in the rare coin business."

E[acute accent]SAFE HARBOR STATEMENT

E[acute accent]Statements in this press release that relate to future plans, objectives, expectations, performance, events and the like are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Future events, risks and uncertainties, individually or in the aggregate, could cause actual results to differ materially from those expressed or implied in these statements. Factors that may cause such differences include changes in market conditions, changes in economic environment, competitive factors and the other factors discussed in the "forward-looking information" or "risk factors" sections included in Escala Group's filings with the Securities and Exchange Commission, including Escala Group's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, prospectuses and other documents that Escala Group has filed with the Commission. In particular, any statement related to Escala Group's expected revenues or earnings or Escala Group's being well positioned for future profitability and growth are forward-looking statements. E[acute accent]The words "should," "believe," "estimate," "expect," "intend," "anticipate," "foresee," "plan" and similar expressions and variations thereof identify certain of such forward- looking statements, which speak only as of the dates on which they were made. Additionally, any statements related to future improved performance and estimates of revenues and earnings per share are forward-looking statements. Escala Group undertakes no obligation to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.