HOLLYWOOD, FL--(eMediaWorld - October 30, 2008) - Concord Camera Corp. ("Concord" or the"Company") (NASDAQ: LENS) announced today that its Board of Directors (the"Board") has unanimously approved a plan of dissolution and liquidation ofthe Company (the "Plan of Liquidation") and that it will file a proxystatement seeking shareholder approval of such plan.The Plan of Liquidation contemplates an orderly wind down of the Company'sbusiness and operations, the monetization of the Company's non-cash assets,the satisfaction or settlement of its remaining liabilities and obligationsand one or more distributions to its shareholders.
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