Concord Reprimanded by Nasdaq

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March 4, 2005 – Concord Camera Corporation received a slap on the wrist for late paperwork today. The Nasdaq Stock Market had not received the company’s First Quarter 10-Q form, so they sent Concord a delisting notice on Feb. 25. Concord promptly responded with an appeal, which the Nasdaq Listing Qualifications staff accepted under certain terms.

In accordance with the agreement, Concord disclosed preliminary unaudited financial results for the first fiscal quarter of 2005 to Nasdaq before Feb. 15. The company also filed its First Quarter 10-Q form before Feb. 18. Concord met the first two requirements of this agreement with Nasdaq, but must now file its Second Quarter 10-Q on or before March 31, although it was due Feb. 10. Filing this form in a timely manner will put them back in compliance with Nasdaq Marketplace Rule 4310(c)(14).

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