Exhibit 99.1

              Concord Camera Corp. Enters into Contract for Sale of
                  Facilities in The People's Republic of China

February 12, 2009 (Hollywood, FL) - Concord Camera Corp. (the "Company")
(PNK:LENS.PK) announced today that, on February 6, 2009, its Hong Kong
subsidiary, Concord Camera HK Limited ("Concord Camera HK"), entered into a
contract with Bao On Joint Stock Company ("Bao") for the sale of Concord Camera
HK's registered land and buildings in The People's Republic of China ("PRC") and
certain temporary buildings and equipment and facilities located thereon. The
purchase price is RMB34,500,000, or approximately US$5,047,180 at the exchange
rate in effect on February 12, 2009.

The terms of the Agreement provide that Bao is responsible for all taxes
attributable to the sale of the registered land and buildings and Concord Camera
HK is responsible for all taxes attributable to the sale of the temporary
buildings, equipment and facilities. Upon signing the Agreement, Bao paid
RMB2,500,000, or approximately US$365,738 at the exchange rate in effect on
February 12, 2009, as a deposit, which will be used to satisfy its tax liability
attributable to the sale of the registered land and buildings. Pursuant to the
Agreement, Bao is required to pay the RMB34,500,000 purchase price into an
account designated by Concord Camera HK on or before February 20, 2009. Bao's
obligation to pay the RMB34,500,000 purchase price on or before February 20,
2009 and to proceed with the transaction is not subject to any financing
conditions. The sale will be completed and the RMB34,500,000 purchase price will
be released to Concord Camera HK upon the local government authorities
completing the transfer of the real estate certificates to Bao.

The purchase price includes a leaseback of the land and buildings to Concord
Camera HK for up to six months, at no additional cost to Concord Camera HK, to
complete the wind down and liquidation process in the PRC.

The sale of the facilities in the PRC is being made in connection with the
dissolution and liquidation of the Company (the "Plan of Liquidation"), which
was approved at the Annual Meeting of Shareholders on December 18, 2008.
Pursuant to the Plan of Liquidation, the Company has initiated the process to
dissolve the Company's corporate existence in the State of New Jersey and
intends to sell and monetize or otherwise dispose of its non-cash assets,
satisfy or settle its remaining liabilities and obligations, including
contingent liabilities and claims, and make one or more distributions to its
shareholders of cash available for distribution. The execution of the Plan of
Liquidation will be completed as soon as practicable.

Cautionary Statement About Forward Looking Statements

The statements contained in this press release that are not historical facts are
"forward looking statements" (as such term is defined in the Private Securities
Litigation Reform Act of 1995), which can be identified by the use of
forward-looking terminology such as: "estimates," "projects," "anticipates,"
"expects," "intends," "believes," "plans," "forecasts" or the negative thereof
or other variations thereon or comparable terminology, or by discussions of
strategy that involve risks and uncertainties. The Company's actual results
could differ materially from those anticipated in such forward-looking
statements as a result of certain factors, including the parties' ability to
satisfy the conditions to the closing of the sale of the PRC facilities within
the anticipated time frame, if at all, the ability and time required to obtain
the approval of the local government to transfer the properties, the ability and
time required to transfer the sale proceeds out of the PRC, fluctuations in the
exchange rate and the corresponding U.S. dollar proceeds to be received by the
Company from the sale, the Company's ability



to sell and monetize or otherwise dispose of its other non-cash assets in a
timely manner or at all and the Company's ability to settle or otherwise resolve
its liabilities and obligations, including contingent liabilities, with its
creditors.

For a discussion of some additional factors that could cause actual results to
differ, see the risks discussed under "Risk Factors" and the disclosures in the
Company's Annual Report on Form 10-K for the fiscal year ended June 28, 2008 and
subsequently filed reports. We wish to caution the reader that these
forward-looking statements, including, without limitation, statements regarding
the timing of the completion of the sale of the PRC facilities and the
dissolution and liquidation of the Company pursuant to the terms of the Plan of
Liquidation, the amount of any liquidating distributions and the timing of any
liquidating distributions, and other statements contained in this press release
regarding matters that are not historical facts, are only estimates or
predictions. No assurance can be given that future results will be achieved.

Actual events or results may differ materially as a result of risks facing us or
actual results differing from the assumptions underlying such statements. Any
forward-looking statements contained in this press release represent our
estimates only as of the date of this press release, or as of such earlier dates
as are indicated herein, 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, unless required by
applicable law, we specifically disclaim any obligation to do so, even if our
estimates change.