UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 20, 2009
CONCORD CAMERA CORP.
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(Exact name of registrant as specified in its charter)
New Jersey 0-17038 13-3152196
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(State or other jurisdiction of (Commission File (IRS Employer
incorporation) Number) Identification No.)
4000 Hollywood Boulevard, North Tower, Hollywood, Florida 33021
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (954) 331-4200
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
As previously announced, on February 6, 2009, Concord Camera HK Limited
("Concord Camera HK"), a subsidiary of Concord Camera Corp., entered into
various agreements (collectively, the "Agreement") with Bao On Joint Stock
Company ("Bao") providing for the sale of Concord Camera HK's registered land
and buildings in The People's Republic of China and certain temporary buildings
and equipment and facilities located thereon for RMB34,500,000 (which is
approximately US$5,045,363 at the exchange rate in effect on February 24, 2009).
In accordance with the terms of the Agreement, on February 20, 2009, Bao
deposited the RMB34,500,000 purchase price into an account designated by Concord
Camera HK. 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.
SIGNATURES
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: February 24, 2009 By: /s/ Scott L. Lampert
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Scott L. Lampert, Vice President
General Counsel and Secretary