Exhibit 99.1

CONTACT:
Concord Camera Corp.
Blaine Robinson
Vice President - Finance and Treasurer
(954) 331-4238

    CONCORD CAMERA CORP. ANNOUNCES DELAY IN FILING OF ITS QUARTERLY REPORT ON
                 FORM 10-Q FOR THE SECOND QUARTER OF FISCAL 2008

HOLLYWOOD, FLORIDA - February 12, 2008 - Concord Camera Corp. ("Concord" or
"Company") (NASDAQ:LENS) today announced that it was delaying the filing of its
Quarterly Report on Form 10-Q for the second quarter of fiscal 2008 with the
Securities and Exchange Commission. As previously disclosed, a committee (the
"Special Committee") of the Board of Directors (the "Board") of the Company was
established to explore strategic alternatives for the Company. The Special
Committee is nearing the conclusion of its work and expects to make its
recommendations to the Board within approximately the next sixty days. Because
certain of the strategic alternatives being considered by the Special Committee
could impact the Company's financial statements, the Company is delaying the
filing of its Form 10-Q for the second quarter of fiscal 2008 until the Special
Committee makes its recommendations to the Board and the Board determines
whether or not to implement such recommendations.

About Concord Camera Corp.

Concord Camera Corp., through its subsidiaries, is a global provider of
easy-to-use single-use and traditional film cameras. Concord currently markets
and sells its cameras on a private-label basis and under the POLAROID and
POLAROID FUNSHOOTER brands through in-house sales and marketing personnel and
independent sales representatives. The POLAROID trademark is owned by Polaroid
Corporation and is used by Concord under license from Polaroid. The FUNSHOOTER
trademark is a registered trademark of Concord Camera Corp. in the United States
and other countries. Learn more about Concord Camera Corp. at
www.concord-camera.com.

Except for the historical information 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 involve risks and uncertainties that 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 June 30, 2007 and subsequently filed reports. Such
forward-looking statements include, without limitation, statements regarding the
expected timing of the Special Committee's recommendations to



the Board and the impact of those recommendations on the Company's financial
statements. Actual results could differ materially from these forward-looking
statements. Factors that could result in these forward-looking statements being
inaccurate include, among other things, the amount of time it takes the Special
Committee to conclude its work, any developments that affect the issues under
consideration by the Special Committee and the Board, and other factors and
uncertainties that affect the Company. Any forward-looking statements contained
in this press release represent the Company's estimates only as of the date
hereof, or as of such earlier dates as are indicated, and should not be relied
upon as representing its estimates as of any subsequent date. Although the
Company may elect to update forward-looking statements in the future, it
disclaims any intent or obligation to do so, even if its estimates change.