Concord Camera Corp. Issues Announcement22 June 2005
Concord Camera Corp. ("Concord" or "Company") (Nasdaq:LENS) announced today that on June 20, 2005, the Company received a notice from the Nasdaq Listing Qualifications staff indicating that Nasdaq had determined to continue the listing of the Company's securities on The Nasdaq National Market. The Company filed its Form 10-Q for the quarter ending April 2, 2005 with the Securities and Exchange Commission and Nasdaq on June 15, 2005, thereby evidencing compliance with all requirements for continued listing on The Nasdaq National Market. The Company's oral hearing before a Nasdaq Listing Qualifications Panel scheduled for Thursday, June 30, 2005 is considered moot and the hearing file has been closed. Effective with the opening of business on Wednesday, June 22, 2005, the Company's trading symbol was changed from LENSE to LENS.
About Concord Camera Corp.
Concord Camera Corp., through its subsidiaries, is a global producer of popularly priced, digital, 35mm traditional and single use cameras. Concord markets its cameras under the trademarks POLAROID, CONCORD, CONCORD EYE Q and JENOPTIK. Concord sells and markets its camera products worldwide through direct sales offices in the United States, Canada, Germany, Hong Kong, the Peoples Republic of China, the United Kingdom, Japan and France and through independent sales agents. The Polaroid trademark is owned by Polaroid Corporation and is used by Concord under license from Polaroid. CONCORD and CONCORD EYE Q are trademarks and/or registered trademarks of Concord Camera Corp. in the United States and/or other countries. The JENOPTIK trademark is owned by Jenoptik AG and is used by Concord under license from Jenoptik AG. Learn more about Concord Camera Corp. at www.concord-camera.com.
Except for the historical matters contained herein, statements in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements, including statements regarding our ability to maintain compliance with Nasdaq listing standards, our ability to meet customer demands and fulfill customer service obligations, anticipated or expected results of the implementation of our strategic plan, including the restructuring plan, additional cost-reductions initiatives and anticipated financial benefits of significantly reducing our reliance on internally designed and manufactured digital cameras and increasing the design, co-development and purchase of digital cameras from contract manufacturers, involve risks and uncertainties which may affect the Company's business and prospects, including the risks discussed under "Risk Factors" and disclosures in the Company's Annual Report on Form 10-K for the fiscal year ended July 3, 2004 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.
Contacts
Concord Camera Corp.
Harlan Press, 954-331-4200
Vice President and Treasurer
or
LENS' Investor Relations Counsel:
The Equity Group Inc.
Robert Goldstein, 212-371-8660
Devin Sullivan, 212-836-9608
Source: Business Wire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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