Concord Camera Corp. Taps WYNIT, Inc. to Distribute Concord Digital Cameras; WYNIT to Distribute 2 MP and Higher Digital Cameras.Business Editors HOLLYWOOD, Fla.--(BUSINESS WIRE)--April 5, 2004 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), a leading manufacturer of digital cameras, announced today it has signed an agreement with WYNIT, Inc., a leading national distributor of digital imaging and computer peripheral products to distribute Concord's higher-megapixel digital cameras. Concord is the award-winning leader in high-quality, low-priced digital cameras. Concord's digital cameras deliver exceptional price performance with a range that includes a digital camera for everyone including the first time digital camera buyer up to the more advanced user who requires sophisticated photographic features. WYNIT will offer 7 models, from 2 Megapixels through 5 Megapixels, including the popular 4 Megapixel, Concord Eye-Q 4360z which was recently nominated for a Tech TV's Best of CES 2004 award for "The Coolest Gear." "Partnering with WYNIT will increase the availability of Concord's digital cameras and furthers our goal of increased market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" and share," commented Rod King, vice president and director of sales for the Americas. "Concord's new line of higher end Coordinates: For other places with the same name, see Billinge. Higher End or Billinge Higher End is a district of the Metropolitan Borough of Wigan, in Greater Manchester, England. digital cameras were well received at PMA PMA (papillary-marginal-attached), n a system of epidemiologic scoring of periodontal disease devised by Schour and Massler in which the symbols denote the areas involved in gingival inflammation. PMA Progressive muscular atrophy and the timing could not be better to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. WYNIT's distribution prowess and market power to reach new customer channels." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Pete Richichi, Vice President of Sales & Marketing at WYNIT, digital camera makers are enjoying record sales and growth, while consumers are reaping ever-better products at ever-lower prices. According to some industry analysts, last year, digital camera sales eclipsed those of analog film-based cameras in market share and dollar value for the first time in history. "The product lines and price points offered by Concord have gained in popularity, and improvements in ease of use will continue to drive digital camera sales," he noted. "We know what our resellers need to best service their customers. WYNIT offers each of them a consultative-selling approach, a knowledgeable and experienced sales staff that receives direct training by major manufacturers, including Concord, coast-to-coast distribution from warehouse operations in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and California and, drop-ship capabilities. All this is part of what we call the WYNIT Advantage," he added. 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 under the trademarks CONCORD, POLAROID AND CONCORD EYE-Q. Concord sells and markets its camera products worldwide 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. CONCORD and CONCORD EYE-Q are trademarks and/or registered trademarks of Concord Camera Corp. in the United States and/or other countries. The POLAROID trademark is owned by Polaroid Corporation and is used by Concord under license from Polaroid. All other brands and product names are either registered trademarks or trademarks of their respective owners. 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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