Concord Camera Corp. Ranked the 20th Fastest-Growing Company On Fortune Magazine's List of "America's 100 Fastest-Growing Companies".Business Editors HOLLYWOOD, Fla.--(BUSINESS WIRE)--August 14, 2000 Concord Camera Corp. ("Concord") (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 that it had been ranked the 20th fastest-growing company on Fortune magazine's comprehensive annual listing of "America's 100 Fastest-Growing Companies." To be included in the listing, companies must have demonstrated a 30% annual growth rate in both earnings and revenues for the past three years. Concord had a three-year annual earnings growth rate of 180 percent, which ranked eighth on the listing, and a three-year annual total return rate of 156 percent, which ranked ninth on the listing. Concord also posted a three-year annual revenue growth rate of 33 percent, which ranked 97th on the listing. Commenting on the news, Ira B. Lampert, Chairman, Chief Executive Officer and President of Concord said, "We are very excited to be included in such a select group of companies. Our continued growth in both revenues and earnings validates the successful execution of our strategy of becoming a world class original equipment manufacturer, and expanding our retail sales and distribution business by focusing on satisfying our customers' requirements. We expect to continue on the course set by this strategy, expanding our markets and manufacturing base by exploiting opportunities presented both in our traditional film based markets, as well as in the fast-growing digital markets." Concord Camera Corp. designs, develops, manufactures and markets on a worldwide basis high quality, popularly priced, easy-to-use image capture products. Concord's products include digital image capture devices and traditional and single use cameras in 35mm, Advanced Photo System (APS) and instant formats. Concord manufactures and assembles its products in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China on an OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and basis and under the trade names CONCORD(R), KEYSTONE(R), GOLDLINE(R), LE CLIC CLIC Centre Local d'Information et de Coordination (French) CLiC Climate and Cryosphere (World Climate Research Programme project, Norway) CLIC Compact Linear Collider CLIC Connecticut Licensing Information Center (R), APEX(R) and, for sales outside 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. and Mexico, ARGUS Argus (är`gəs) or Argos (är`gŏs, –gəs), in Greek mythology. 1 Many-eyed monster, also called Panoptes. He guarded Io after she had been changed into a heifer. (R), as well as private labels. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve numerous risks and uncertainties. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company's filings with the Securities & Exchange Commission, some of which are summarized under the caption "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 July 3, 1999 and updated in subsequently filed reports. In particular, expected sales increases could be adversely affected by production difficulties or economic conditions adversely affecting the market for the Company's products. |
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