Collectible Concepts Group, Inc. To Establish Shopping Mall Kiosks
Collectible Concepts Group, Inc. (OTCBB:CCNG) has announced that it will begin marketing its line of licensed products through company owned kiosks at popular shopping malls. The kiosks will be wholly owned and operated by the company, and will feature CCNG’s unique sports and military licensed items bearing the logos of professional football, basketball, hockey leagues, as well as collegiate and mascot logos of the Army, Navy, Air Force, Marine Corps, and Coast Guard.
An initial launch of approximately 10 kiosks is planned and will be concentrated at malls in the Northeast and in Florida. From there the company will expand nationwide.
The company expects each mall location to generate a minimum of $250,000 in annual sales and projects that the initial launch will generate over $2.5 Million in revenue over the next 12 months.
Paul Lipschutz, President of CCNG said, “The market for military gifts and collectibles continues to grow and brings very satisfying profit margins and takes advantage of the convenience of mall shopping. We are going to take advantage of a history of successful selling of such products at kiosks nationwide.”
The kiosk program is designed to augment CCNG’s current nationwide distribution channels of team, wholesale and direct response sales.
About Collectible Concepts Group
Collectible Concepts Group, Inc. develops and markets unique licensed sports and entertainment 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. For more information, visit: www.collectibleconcepts.com or www.otcfn.com/ccng.
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.