DOYLESTOWN, PA -- (MARKET WIRE) -- 12/22/05 -- Collectible Concepts Group (OTC BB: CCGI), an emerging licensed sports, entertainment and music products Company, announced today it has acquired an extensive film library from Pacificap Entertainment Holdings, Inc., including Cavalcade of Sports Film Library.

As part of the agreement, Collectible Concepts owns the right to sell, license or broadcast the extensive film library, which includes hundreds of hours of nostalgic sports footage, vintage cartoons and classic movies.

Collectible Concepts President Paul Lipschutz said, "We are pleased to add the Cavalcade of Sports Library and additional footage to our growing collection of entertainment, sports and music content. The Cavalcade of Sports Library includes some of the greatest moments in sports history from its golden era with scenes that have probably never before been seen, including the entire Gillette Friday Night Sports cavalcade of sports shows."

Lipschutz continued, "We look forward to leveraging this new library in conjunction with our current holdings for licensing, DVD and video sales, cable and network television and to develop and grow Collectible Concepts product lines."

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, The National Football League (NFL), 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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