Exhibit 99.1


         Concord Camera Corp. Announces Closing of Stock Transfer Books

May 1, 2009 (Hollywood, FL) - Concord Camera Corp. (the "Company") (PNK:LENS.PK)
announced  today  that its stock  transfer  books will be closed at the close of
business on May 11, 2009 and no  transfers  of its common stock will be recorded
after that time.

As previously announced, the Company's shareholders approved the dissolution and
liquidation of the Company (the "Plan of  Liquidation") at the Annual Meeting of
Shareholders  on December 18,  2008.  Pursuant to the Plan of  Liquidation,  the
Company's stock transfer books are to be closed  following the Company's  filing
of a  Certificate  of  Dissolution  with the State of New Jersey.  The Company's
Certificate of  Dissolution  was filed with the State of New Jersey on April 23,
2009.

Future liquidating  distributions,  if any, will be made only to shareholders of
record at the close of business on May 11,  2009.  The timing and amounts of any
future  distributions  will be determined by the Company's Board of Directors in
accordance  with the Plan of  Liquidation.  The Company  intends to cease filing
periodic reports,  such as Forms 10-K and 10-Q, with the Securities and Exchange
Commission  pursuant to the Securities Exchange Act of 1934. The Company intends
to continue to disclose material events by filing periodic reports on Form 8-K.

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
sell and monetize or otherwise dispose of its 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 and in "Certain Risks Related to the Dissolution and
the Plan of Liquidation"  and the disclosures in the Definitive  Proxy Statement
for the 2008 Annual Shareholders' Meeting filed with the Securities and Exchange
Commission  on  November  7,  2008.  We wish to caution  the  reader  that these
forward-looking statements,  including, without limitation, statements regarding
the dissolution and liquidation of the Company pursuant to the terms of the Plan
of  Liquidation,  the timing of the closing of the stock  transfer books and the
recording of transfers of common stock thereafter, the amount of any liquidating
distributions, 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.