Kodak and Lexar Join Forces In Drive For Removable Digital Memory Market Leadership

May 17, 2004 Eastman Kodak Company (NYSE: EK) and Lexar Media, Inc. (Nasdaq: LEXR) today announced they have formed a long-term agreement to gain a larger share of the market for removable digital memory products, driven by surging demand from the mass-market adoption of digital cameras, mobile phone cameras, portable music players and other consumer electronics devices.

As part of the exclusive multi-year agreement, Lexar Media will manufacture and distribute a full range of KODAK branded memory cards and will work with Kodak to provide consumers with a wide variety of reliable, high quality, mass-market memory cards worldwide. Kodak will contribute to the partnership its brand power and global distribution network, while Lexar Media will contribute removable memory products known for their quality, reliability and speed, and its demonstrated retail category management. Both companies will market the products worldwide.

Funai to supply digital cameras to Kodak

OSAKA - In its latest entry into new business areas, Funai Electric Co has started producing digital cameras for Eastman Kodak Co of the US under an original equipment manufacturer (OEM) agreement, the Japanese firm said on Wednesday.

Funai plans to supply the US company with around 10 billion yen (US$88 million) worth of products in the first year.

PENTAX to Ship Two Cameras in One: OptioMX Delivers Digital Still Images and High Resolution Movies at an Affordable Price

May 12, 2004 PENTAX Imaging Company announced it will ship the first PENTAX combined high resolution digital camera and video movie camera, the OptioMX, in June 2004.

The innovative, palm-sized OptioMX features 3.2 effective megapixels and 10X optical zoom to capture still images and high resolution (VGA) full-motion movies on MPEG-4 format with zoom capability. The camera will be available for $399.95.

The PENTAX OptioMX offers a new concept in digital imaging by delivering high-quality digital still images and movies. With advanced design and compact dimensions, the OptioMX features a large 1.8 inch LCD monitor that swivels 180 degrees horizontally and 210 degrees vertically to capture images and movies from new and exciting angles. The versatile and ergonomic handle grip of the OptioMX rotates 180 degrees to accommodate a broad range of shooting positions. The OptioMX is compatible with an SD memory card.

Brian King separating from Concord Camera

May 11, 2004 Concord Camera Corp. today announced that effective July 1, 2004 Brian King will be separating from the Company. Mr. King currently serves as Concord's Senior Executive Vice President.

" It has been our privilege, both personally and professionally, to have worked with Brian," said Ira B. Lampert, Concord's Chairman and Chief Executive Officer. "Brian is highly respected for his intelligence, his integrity and the passion for his work. Brian is separating from the Company to pursue other personal and business interests. We will miss him and we wish him all the best. Concord has benefited from his business experience and perspective. We thank Brian for his contributions in growing and enhancing Concord."