Concord Camera Corp. Names Min Jong Choong Vice President, Manufacturing Operations.HOLLYWOOD, Fla. -- Concord Camera Corp. ("Concord" or "Company") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : LENS) today announced the appointment of Min Jong ("MJ") Choong to Vice President, Manufacturing Operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. . Mr. Choong is responsible for overseeing the operations and activities of Concord's vertically integrated manufacturing facilities in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China. He reports directly to Joseph Leonardo, Concord's Vice President, Director of Operations, and Co-Managing Director of Concord Camera HK Limited. Mr. Choong spent the last nine years holding positions of increasing responsibility at various Jabil Circuit Jabil NYSE: JBL is a provider of electronic manufacturing services. Jabil designs and manufactures electronic circuit boards for major OEMs in a diverse group of industries including automotive, computing and storage, consumer products, medical, networking, peripherals and , Inc.'s ("Jabil") Asian manufacturing operations. Jabil is a worldwide provider of electronic manufacturing services. From January 2003 until joining Concord, MJ served as Managing Director of Jabil Circuit Malaysia Sdn Bhd SDN BHD Sendirian Berhad (Malay equivalent to incorporated) , where he was responsible for the financial and operational aspects of three manufacturing operations and more than 4,000 employees. From August 2001 to December 2002, MJ was Managing Director of Jabil Circuit (Panyu) Ltd., Jabil's China manufacturing operation, where he managed more than 1,200 employees. Over a 16-month period, Mr. Choong improved this manufacturing facility's operations and efficiency and oversaw the construction of a new manufacturing facility. He began his career at Jabil Circuit in 1995 as a Manufacturing Manager. Gerald Angeli, Vice President, Worldwide Engineering and Technology & Co-Managing Director, Concord Camera HK Limited, commented, "We are fortunate to bring an individual of MJ's experience, background and character to Concord. Throughout his career, he has implemented policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental that have produced sustainable results in the areas of quality, cost containment cost containment, n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. and product succession. He has also effectively served a client roster that includes some of the world's most well respected multinational companies. We believe that the best practices Mr. Choong has helped to author will be of great benefit to Concord as we continue to introduce innovative new products, broaden our capabilities and expand our global presence." 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 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. |
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