Concord Camera Corp. Schedules Conference Call.

Business Editors

HOLLYWOOD, Fla.--(BUSINESS WIRE)--Feb. 22, 2001

Concord Camera Corp. ("Concord") (Nasdaq:LENS) announced that management will conduct a conference call to discuss recent events and Third and Fourth Fiscal 2001 quarterly operating expectations, at 8:30 a.m. ETN on Tuesday, February 27, 2001. Interested parties may participate in the call by dialing 212/231-6037 approximately 10 minutes before the call is scheduled to begin and ask to be connected to the Concord conference call. A recorded replay of the call will be available from 10:30 a.m. ETN on February 27, 2001 until 5:00 p.m. ETN on February 28, 2001. Listeners may dial 800/633-8284 (Domestic) or 858/812-6440 (International) and use the code 18099159 for the replay.

About Concord

Concord Camera Corp. is a global developer, designer, manufacturer and marketer of high quality, low cost, digital, instant, Advanced Photo System (APS), and 35mm format cameras and 35mm, APS, and instant format single-use cameras. Concord markets its cameras under the trade names CONCORD(R), KEYSTONE(R), CONCORD EYE Q(TM), LE CLIC(R), GOLDLINE(R), APEX(R), and ARGUS(R). Today, Concord is one of the world's leaders in the single-use camera category, one of the fastest growing segments of the camera market, and the largest producer of single-use cameras in the world in private label, corporate premium and original equipment manufacturer segments of the industry. Concord sells and markets its camera products worldwide 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 expansive, vertically integrated manufacturing facilities in the Peoples Republic of China, which includes a class 10,000 "clean room" digital technology manufacturing and assembly facility. Concord's fiscal year 2000 revenue was approximately $173 million.

This press release contains forward-looking statements that involve numerous risks and uncertainties. Concord'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 and Exchange Commission, some of which are summarized under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended July 1, 2000 and updated in subsequently filed reports. In particular, timely introduction of Concord's new digital cameras will require satisfactory completion of our development effort and initiation of full-scale production.