Coastal Contacts Inc.

Coastal Contacts Inc.

May 14, 2009 17:00 ET

Coastal Contacts Inc. to Present at the 8th Annual JMP Securities Research Conference

VANCOUVER, BRITISH COLUMBIA--(Marketwire – May 14, 2009) –


Coastal Contacts Inc. (TSX:COA) announced today that Roger Hardy, Founder and CEO and Glen Kayll, CFO will deliver a presentation on behalf of the company at the 8th Annual JMP Securities Research Conference to be held May 18-20 at the Ritz-Carlton Hotel in San Francisco, CA.

The Coastal Contacts Inc. investor presentation is scheduled at 3:00pm on Tuesday, May 19th.

The presentation will include an update on the company's progress as the leading international direct to consumer retailer of vision products such as contact lenses, eyeglasses and related vision product accessories. Also included will be a review of Coastal's financial results for Q1, 2009 which included the following highlights:

- $31.3 million of sales, an increase of 24% compared to the same period last year

- 299,855 total orders shipped

- $2.0 million of adjusted EBITDA

- $1.0 million of net earnings

- $0.02 of net earnings per share

- $1.7 million of cash generated from net earnings excluding non-cash items

About Coastal Contacts:

Coastal Contacts Inc. ( is the world's leading direct-to-consumer vision products company which designs, produces and distributes a diversified offering such as contact lenses and eyeglasses. The Company's unique combination of branded and private label products represent quality, value and, above all, service. Coastal Contacts sells its products in more than 150 countries through proprietary web properties, which reflect the culture and consumer preference of the target market. As new markets for eyeglasses and contact lenses evolve, the Company is positioned to become the vision product consumer's retailer of choice owing to its unbeatable value proposition combining value and service. Already No. 1 in many of its markets, Coastal Contacts is rapidly advancing toward its goal of becoming the "World's Vision Store".

This news release contains certain forward-looking statements that reflect the current views and/or expectations of Coastal Contacts Inc. with respect to its performance, business and future events. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, those relating to changes in the market, potential downturns in economic conditions, limited suppliers, inventory risk, disruption in our distribution facilities, foreign exchange fluctuations, regulatory requirements, demand for contact lenses, competition and dependence on the internet. These risks, as well as others, could cause actual results and events to vary significantly. Coastal Contacts does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements.

Neither the TSX nor any other regulatory body has reviewed and therefore does not accept responsibility for the adequacy or accuracy of this release.

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