| |

EVERFLASH 125X |

EVERFLASH 3550 |
COMPANY NEWS; Keystone Camera Seeks Bankruptcy
REUTERS
Published: January 29, 1991
The Keystone Camera Products Corporation, a maker of low-priced cameras,
filed for bankruptcy protection under Chapter 11 of the Federal Bankruptcy Code.
The company, which has been hurt by strong foreign competition, also sought
protection for its Keystone Camera Corporation.
The Clifton, N.J., company said the filing would improve its working capital
position and let it meet its production orders. Keystone's chairman, Myron
Berman, said the company's main creditors are a group headed by the Congress
Financial Corporation. Keystone filed for bankruptcy because one of the group's
members, the United Jersey Bank, refused to extend the secured credit facilities.
Keystone has $41 million in outstanding debt, including $4.5 million owed to the
Congress group.
COMPANY NEWS; Concord-Keystone
AP
Published: May 14, 1991
The Concord Camera Corporation said that the Federal Bankruptcy Court in New
Jersey had approved its plan to buy the assets of Keystone Camera, the Clifton,
N.J., company that calls itself the last domestic maker of 35-millimeter and 110
cartridge cameras. Concord struck the deal last month with Joseph DiPasquale,
the trustee a Federal bankruptcy judge appointed to oversee Keystone's
liquidation. Concord, based in Avenel, N.J., sells inexpensive 35-millimeter and
110 cartridge cameras manufactured and assembled in China. Concord said it
intends to complete the buyout by the end of the month. Keystone said it was
forced to file for protection under Chapter 11 of the Federal Bankruptcy Code in
January, even though more customers had shown a desire to "buy American."
CONCORD CAMERA CORP |