Concord Camera Corp. ("Concord" or "Company")(NASDAQ: LENS) announced today that on June 26, 2006, it received a NasdaqStaff Deficiency Letter indicating that for 30 consecutive business days,the bid price of the Company's common stock closed below the minimum $1.00per share requirement for continued inclusion under Marketplace Rule4450(a)(5) (the "Rule").

In accordance with Marketplace Rule 4450(e)(2), the Company will beprovided a period of 180 calendar days, or until December 26, 2006, toregain compliance with the minimum $1.00 bid price requirement. If the bidprice of the Company's common stock closes at $1.00 per share or more for aminimum of 10 consecutive business days before December 26, 2006, theCompany will achieve compliance with the Rule.

If the Company's common stock does not achieve compliance with the Rule byDecember 26, 2006, Nasdaq will provide written notification to the Companythat its common stock will be delisted. At that time, the Company mayappeal Nasdaq's determination to delist its common stock. Alternatively,the Company may elect to apply to transfer its common stock from the NasdaqNational Market, where it is currently listed, to the Nasdaq Capital Marketif it satisfies all requirements, except for the $1.00 bid pricerequirement, for initial inclusion in this market as set forth inMarketplace Rule 4310(c). If its application to transfer its common stockto the Nasdaq Capital Market is approved, the Company will be afforded anadditional 180 calendar day period to regain compliance while listed on theNasdaq Capital Market. The Company currently satisfies the requirements(other than the $1.00 bid price requirement) set forth in Marketplace Rule4310(c) for initial inclusion of its common stock on the Nasdaq CapitalMarket.

About Concord Camera Corp.

Concord Camera Corp., through its subsidiaries, is a global provider ofpopularly priced, single-use, digital and 35mm traditional cameras. Concordmarkets and sells its cameras under the trademarks POLAROID, CONCORD,CONCORD EYE Q and JENOPTIK through direct sales offices in the UnitedStates, Canada, Germany, Hong Kong, the Peoples Republic of China, theUnited Kingdom, Japan and France and through independent sales agents. ThePolaroid trademark is owned by Polaroid Corporation and is used by Concordunder license from Polaroid. CONCORD and CONCORD EYE Q are trademarksand/or registered trademarks of Concord Camera Corp. in the United Statesand/or other countries. The JENOPTIK trademark is owned by Jenoptik AG andis used by Concord under license from Jenoptik AG. Learn more aboutConcord Camera Corp. at www.concord-camera.com.

Except for the historical information contained herein, statements in thispress release are forward-looking and are made pursuant to the safe harborprovisions of the Private Securities Litigation Reform Act of 1995.Investors are cautioned that forward-looking statements involve risks anduncertainties which may affect the Company's business and prospects,including the risks discussed under "Risk Factors" and disclosures in theCompany's Annual Report on Form 10-K, as amended, for the fiscal year endedJuly 2, 2005 and subsequently filed reports. Such forward-lookingstatements include, without limitation, statements regarding expected costreductions, anticipated or expected results of the implementation of ourrestructuring initiatives, cost-reduction initiatives and possible newbusiness initiatives, anticipated financial benefits of de-emphasizing thesale of digital cameras and eliminating our reliance on internally designedand manufactured digital cameras and increasing the design, co-developmentand purchase of digital cameras from outsourced manufacturers, theviability of marketing and selling digital cameras and competing in thedigital camera market, the cost structure requirements needed to maintain apresence in the digital camera market and to market and sell digitalcameras, the development of our business, anticipated revenues or capitalexpenditures, our ability to improve gross margin percentages on the saleof our products and projected profits or losses. Any forward-lookingstatements contained in this press release represent our estimates only asof the date hereof, or as of such earlier dates as are indicated, andshould not be relied upon as representing our estimates as of anysubsequent date. While we may elect to update forward-looking statements atsome point in the future, we specifically disclaim any obligation to do so,even if our estimates change.

CONTACT:Concord Camera Corp.Blaine RobinsonVice President - Finance and Treasurer(954) 331-4200

SOURCE: Concord Camera Corp.

Source: marketwire