Coastal Contacts Inc.
TSX : COA

Coastal Contacts Inc.

September 29, 2008 14:52 ET

Coastal Contacts Named as One of BC's Top 25 Exporters for 2008

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 29, 2008) -

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Coastal Contacts Inc. ("Coastal Contacts" or the "Company") announced today that the Company will be recognized as one of British Columbia's top 25 exporters for 2008 by the Government of British Columbia and the BC Division of Canadian Manufacturers & Exporters at the 2008 BC Export Awards to be held on November 21, 2008. As well as placing among the top 25 exporters in BC, Coastal Contacts has been named as one of the top 3 finalists in the category of consumer products.

The BC Export Awards recognize the innovative approaches and unique contributions of British Columbia export companies across a variety of sectors and in regions throughout the province. The Awards are co-hosted by the Government of British Columbia and the BC Division of Canadian Manufacturers & Exporters and is the oldest awards ceremony of its kind in Canada.

"We are proud to be a part of the export community in British Columbia and are honored to be named in the top 25 in the Province" stated Roger Hardy, Coastal Contacts' President and CEO. "Since being founded in Vancouver in 2000, Coastal Contacts has grown into a vision products market leader selling contact lenses, eyeglasses, sunglasses and accessories direct to consumers in more than 150 countries around the world. With 2008 forecast revenues of $120-$125 million and a strong balance sheet, we are well positioned to take advantage of significant opportunities that lie in front of us. This award is well deserved recognition to the entire Coastal Contacts team that is focused on making Coastal Contacts the World's Optical Store."

"We are extremely pleased to have the opportunity to showcase the Province's top exporters, said the Honourable Ida Chong, Minister of Technology, Trade and Economic Development. This year's group of finalists demonstrates British Columbia's success in an increasingly challenging climate. The finalists this year come from communities all over BC and from diverse economic sectors."

About Coastal Contacts:

Coastal Contacts Inc. (www.coastalcontacts.com) 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 Optical 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, including management's forecast with respect to fiscal year 2008 revenue. 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.

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