Coastal Contacts Inc.
TSX : COA

Coastal Contacts Inc.

May 07, 2007 09:00 ET

Coastal CEO to Speak at Leading U.S. E-Commerce Conference

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 7, 2007) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Coastal Contacts Inc. (TSX:COA) announced today that Roger Hardy, President and CEO, has been invited and will be speaking at the 2007 Internet Retailer Conference to be held June 4-7, 2007 in San Jose, California.

The 2007 Internet Retailer Conference is the largest e-tailing conference in the world with over 4,000 attendees from retail chains, catalog firms, web-only merchants, consumer manufacturers and the financial sector.

Mr. Hardy will be speaking at a session called, "E-Merger Mania - Making sure the acquisition is right for you."

"Given Coastal's successful track record acquiring competitors in Europe and Asia during the past three years, I am pleased to share my experience and views on the key elements of an accretive transaction," commented Mr. Hardy. "Acquisitions have been paramount to Coastal's six year compound annual growth rate of 79% and will continue to play an important role as Coastal takes advantage of its strong balance sheet and seeks to consolidate the rapidly growing direct to consumer contact lens industry."

For more information on the Internet Retailer Conference visit http://www.internetretailer.com/IR2007/overview.asp.

About Coastal Contacts:

Coastal Contacts is the world's fastest-growing vision care supplier. Leveraging its world class operations in Europe, North America and Asia, Coastal is building a predictable recurring revenue stream in the contact lens segment and is developing complementary branded vision care products. Already No. 1 in most of its markets, Coastal is rapidly advancing toward its goal of becoming the dominant global vision care supplier.

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.

Contact Information