Concord Camera Corp. Announces Concord DV2020 Compact 5-in-1 Multi-Functional Digital Video Camera.

Business Editors/High-Tech Writers

HOLLYWOOD, Fla.--(BUSINESS WIRE)--June 7, 2004

Concord Camera Corp. (Nasdaq:LENS):

-- All-in-One Digital Still, Digital Video, PC Cam, Digital Voice

Recorder, & MP3 Player 

-- MPEG-4 Compression for Long-Length, High-Quality Video

Recording

Concord Camera Corp. ("Concord") (Nasdaq:LENS), a leader in award-winning high-quality low-priced digital cameras, today announced the Concord DV2020 2 Megapixel 5-in-1 multi-function Digital Video camera. The Concord DV2020 features a 2 Megapixel digital still camera, digital video camera with MPEG-4 compression, PC Cam with instant PC video playing/recording capability, digital voice recorder, and MP3 player - all in one.

The Concord DV2020 was designed with the video photographer and digital photo taking enthusiast in mind. Encased in a sleek aluminum body, the camera's familiar 'video camera' shape and 270(degree) adjustable LCD make it comfortable for videographers to take video from any position, whether on the ground or above the head. The high quality 1.5" LTPS LCD is 117k pixels providing a higher LCD quality than the standard digital camera that has an 80k pixel LCD.

The Concord DV2020 includes 16MB of internal storage as well as an SD memory card slot. Video recording time is limited only by the capacity of the SD card. With a 128MB SD card in Normal Mode, 84 minutes of high-quality 17 fps (frames per second) video recording can be captured at a resolution of 160 x 120. 8 1/2 hours of voice can also be recorded -- for a convenient always-there digital voice recorder, perfect for meetings, interviews, and lectures -- with or without the video recording feature turned on.

The Concord DV2020 is more than a Digital Video camera, it's also a 2 Megapixel digital still camera with all of the standard digital camera features that Concord is known for, such as the popular 5 scene mode for no-nonsense optimal exposure settings for different lighting conditions, selectable white balance, center weighted metering, an array of flash settings, and a 2X digital zoom (4X digital zoom for video). In addition, the Concord DV2020 also plays consumer's favorite MP3 music recorded on a removable SD card, which can be listened to in private with the DV cam's included earphones. All of these features make the Concord DV2020 the ultimate camera to bring everywhere you go.

The Concord DV2020 is expected to be available in May, 2004 priced at $229.99 SRP through Concord retailers. It is compatible with Windows 98 SE, 2000, ME, XP and Mac OS 9.0. The camera comes with a pouch, earphone, strap, USB and AV cables, 1 Lithium-Ion battery, AC adapter, ArcSoft PhotoImpression software, and User & Quick Start Guides.

About Concord Camera Corp.

Concord Camera Corp. is a global developer, designer, manufacturer and marketer of high quality, popularly priced, digital, instant, Advanced Photo System (APS) and 35mm cameras. Concord markets its cameras worldwide under the trademarks POLAROID, JENOPTIK, CONCORD and CONCORD EYE Q through direct sales offices in the United States, Canada, Germany, Hong Kong, the United Kingdom and France and through independent sales agents. Concord manufactures its products in its vertically integrated manufacturing facilities in the People's Republic of China. The POLAROID trademark is owned by Polaroid Corporation and is used by Concord under license from Polaroid. The JENOPTIK trademark is owned by Jenoptik AG and is used by Concord under license from Jenoptik AG. CONCORD and CONCORD EYE Q are trademarks and/or registered trademarks of Concord Camera Corp. in the United States and/or other countries.

Except for the historical matters contained herein, statements in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements, including the statements regarding anticipated or expected results and the future introduction of new products, involve risks and uncertainties which may affect the Company's business and prospects, including the risks discussed under "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended June 28, 2003 and subsequently filed reports. Any forward-looking statements contained in this press release represent our estimates only as of the date hereof, or as of such earlier dates as are indicated, and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change.