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Prospector
Profile
07.1049
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| Collectible Concepts Group, Inc. |
NAICS |
453220 |
| 1600 Lower State Road
Doylestown, PA 18901 |
Description |
Collectibles Retail |
| (215) 491-1075 |
Employees |
6 |
| http://www.collectibleconcepts.com/ |
Revenue |
(mil) |
0.9550 |
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Income |
(mil) |
-60.8750 |
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Assets |
(mil) |
0.5000 |
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Liability |
(mil) |
76.4060 |
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(for the year ended 2007-02-28) |
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Category:
Audit Concerns
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Event:
Weinberg & Company PA expressed doubts on the ability of Collectible Concepts Group, Inc. to continue as a going concern due to its working capital deficiency of $6,039,101, shareholders' deficiency of $75,906,484, net loss of $60,875,716 and net cash used in operations of $1,913,364 for the year ended February 28, 2007. The Company continues to experience net operating losses. The Company's ability to continue as a going concern is subject to its ability to generate a profit and/or obtain necessary funding from outside sources, including obtaining additional funding from the sale of securities, generating sales or obtaining loans and grants from various financial institutions where possible.
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Intellectual Property:
The Company's products include wooden collectibles licenses by the NFL, NCAA and MLB. The Company also signed an agreement in March, 2007, with Electronic Arts, Inc., to carry images from their “NBA Live 0_” and “NBA Street” video game along with their trademark on growth charts, which are sold in kiosks, the NBA store and other retailers. [SEC Filing 10-KSB 06-13-07]
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Description:
The Company develops and markets collectible and licensed merchandise in the collegiate sports, entertainment, and children's marketplaces in the United States.
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Officers:
Paul Lipschutz (CEO & Dir.); Jay Lipschutz (Sec. & Dir.)
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Auditor:
Weinberg & Company PA
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Securities:
Common Stock-Symbol CCNG.OB; OTC BB;
5,139,143,049 common shares outstanding as of June 5, 2007.
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