SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
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Date of Report: July 30, 1998
CONCORD CAMERA CORP.
(Exact name of registrant as specified in its charter)
New Jersey 13-3152196
(State or other jurisdiction (I.R.S Employer
of incorporation or Identification No.)
organization)
0-17038
(Commission File Number)
35 Mileed Way, Avenel, New Jersey 07001
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (732) 499-8280
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ITEM 5. OTHER MATERIALLY IMPORTANT EVENTS.
On July 30, 1998, the Registrant issued the press release
attached hereto as Exhibit 99.1.
ITEM 7. EXHIBITS
Press Release, dated July 30, 1998.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: July 30, 1998
CONCORD CAMERA CORP.
(Registrant)
By: /s/ Harlan I. Press
Name: Harlan I. Press
Title: Corporate Controller
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EXHIBIT INDEX
Exhibit No. Description
99.1 Press Release, dated July 30, 1998
<PAGE>
EXHIBIT 99.1
CONTACT: or LENS' INVESTOR RELATIONS COUNSEL:
Concord Camera Corp. The Equity Group, Inc.
Harlan I. Press, Controller Marie Driscoll (212) 836-9605
(732) 499-8280 Linda Latman (212) 836-9609
FAX ON DEMAND (888) 329-2802
FOR IMMEDIATE RELEASE
Avenel, New Jersey - July 30, 1998 - Concord Camera Corp. ("Concord")(NASDAQ
National Market: LENS) today announced consummation of a private offering of $15
million of its 11% senior notes due 2005 made pursuant to Rule 144A under the
Securites Act of 1933. The senior notes were issued at a price equal to 99% of
the face amount thereof. The net proceeds from the placement will be used to
support the Company's continued growth.
Concord Camera Corp. is principally engaged in the manufacture and sale of
popularly-priced, easy-to-use, conventional and single-use 35 millimeter and
Advanced Photo System cameras and 110 cartridge cameras which it manufactures
and assembles in the Peoples Republic of China on an OEM basis and under the
trade names CONCORD, KEYSTONE, LE CLIC, APEX and, for sales outside the United
States and Mexico, ARGUS trade names, as well as private lables. The Company
sells and markets its camera products worldwide through direct sales offices in
the United States, Canada, Germany, Hong Kong, Japan, United Kingdom, France and
through independent sales agents.
