Concord Camera Corp. Announces
Line of Low Priced VGA & 1 Megapixel Digital Cameras; 3-in-1 Compact Digital Cameras -
Combo Web Cam/Movie Cam/Still Cam for $39.99-$69.99
LAS VEGAS --(Business Wire)-- Feb. 12,
2004 Concord Camera Corp. ("Concord") (Nasdaq:LENS), a leader in high-quality
low-priced digital cameras, today announced at Photo Marketing Association (PMA) four
exciting and affordable VGA and 1 Megapixel digital cameras, the Concord Eye-Q Splash,
Concord Eye-Q 1200, Concord Eye-Q 640 and Concord Eye-Q 1000 priced at $39.99-$69.99 SRP.
These new cameras are perfect entry-level inexpensive digital cameras for college
students, web surfers, and telecommuters. Each camera has 3 built-in capabilities: web
camera, still image camera, and short movie camera.
The Concord Eye-Q line of VGA and 1
Megapixel digital cameras are great web cameras. Since image resolution is user
selectable, the photo size can be adjusted depending on the user's and recipient's modem
speed -- great for teenagers that love to send 'instant messages' with slow dial-up
modems, and business net meetings and teleconferences, when image transmission time is
crucial. Compact, with all cameras less than 4.5 inches, the cameras fit perfectly on top
of your computer and can be carried everywhere you go. For photo blogs and friendship
website postings, most models are equipped with a 10 second self-timer to take fast and
The Concord Eye-Q cameras take the
thinking out of operating a digital camera -- just point and shoot. Low-cost and easy to
use, they offer automatic exposure and white balance. The cameras use standard
easily-accessible AA or AAA batteries and automatically power off after a period of
inactivity to save battery life. With 8-16 MB of internal memory for image storage
(depending on the model), users can store in the camera 20 to over 300 pictures depending
on the modes selected, perfect for grandparents or newcomers with little digital camera
For the budding movie director, the
Concord Eye-Q cameras take short movies. After creation, movies can be emailed to friends
or viewed on a computer.
The Concord Eye-Q range of VGA digital
cameras includes the Concord Eye-Q 1200 and Concord Eye-Q 640, both with an SRP of $39.99
and the Concord Eye-Q Splash priced with an SRP of $49.99. The Concord Eye-Q Splash is a
VGA waterproof digital camera, perfect for photography down to a depth of 10ft. or for
outdoor photography in rain, snow or a day at the beach. It includes a strobe and
detachable light-weight waterproof housing. The Concord Eye-Q 1000 is a 1 Megapixel
digital camera featuring 16MB internal memory, macro mode, and a camera stand for an SRP
of $69.99. It prints excellent quality photos up to 4" x 6".
The Concord Eye-Q cameras come complete
with a CD-ROM including driver and photo editing software, USB cable, strap, user's guide
and batteries and are expected to be available the first quarter of 2004. For more
information, see the Concord Camera Corp. web site http://www.concord-camera.com.
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 POLAROID AND CONCORD EYE-Q. 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 vertically integrated manufacturing facilities in the People's
Republic of China.
CONCORD EYE-Q is a trademark and/or
registered trademark 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. Windows is either a registered trademark or trademark of Microsoft
Corporation in the United States and/or other countries. Mac is a registered trademark or
trademark of Apple Computer, Inc. in the U.S. and other countries. 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 provisions of the Private Securities Litigation Reform Act 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 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.