Concord Camera Corp. Schedules Earnings Release and Conference Call.

Business Editors

HOLLYWOOD, Fla.--(BUSINESS WIRE)--Jan. 16, 2001

Concord Camera Corp. ("Concord") (NASDAQ: LENS) announced that it will issue its financial results for the quarter ended December 30, 2000 on Thursday, January 18, 2001. The results will be released after the closing of the stock market. Management will conduct a conference call focusing on the financial results for the quarter at 8:30 a.m. ETN on Friday, January 19, 2001. Interested parties may participate in the call by dialing 212-346-0265 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 Friday, January 19, 2001 until 5:00 p.m. ETN on Saturday, January 20, 2001. Listeners may dial 800-633-8284 (Domestic) or 858-812-6440 (International) and use the code 17597524 for the replay.

About Concord Camera Corp.

Concord Camera Corp. is a global developer, designer, manufacturer and marketer of high quality, low cost, digital, instant, Advanced Photo System (APS), 35mm and 110mm format cameras and 35mm, APS, and instant format single-use cameras. Concord markets its cameras under the trade names CONCORD(R), KEYSTONE(R), 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, the fastest growing segment 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. The Company sells and markets its camera products worldwide through direct sales offices in the United States, Canada, Germany, Hong Kong, United Kingdom, and France and through independent sales agents. The Company 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 employs in excess of 6,000 people worldwide in seven countries. Concord's fiscal year 2000 revenue was approximately $173 million.

This press release contains forward-looking statements 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 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 the Concord Eye-Q IR(TM) still digital camera will require satisfactory completion of our development effort and initiation of full scale production.