Coastal Contacts Inc.

Coastal Contacts Inc.

April 16, 2007 20:00 ET

Coastal Contacts Appoints Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 16, 2007) -


Coastal Contacts Inc. (TSX:COA) announced today the promotion of Glen Kayll, CA, MBA, to Chief Financial Officer.

Mr. Kayll joined Coastal Contacts in late 2006 as Vice President, International Operations. His main areas of responsibility have been the integration of recent acquisitions in Asia and the Netherlands, capturing synergies in the Company's international operations and improving financial reporting systems.

Prior to joining Coastal, Mr. Kayll spent the past several years with PMC-Sierra Inc., in a variety of senior finance roles and most recently as the company's Treasurer. He was integral to PMC-Sierra's public and private investment as well as merger and acquisition efforts. His past responsibilities also included worldwide cash management, foreign exchange hedging, corporate finance and investor relations. PMC-Sierra, a leading provider of broadband communications and storage semiconductors, is publicly traded on the NASDAQ Stock Market under the PMCS symbol and is included in the S&P 500 Index.

Mr. Kayll holds a Bachelor of Commerce degree from Carleton University and a Masters in Business Administration from Simon Fraser University. He also holds a Chartered Accountant designation.

"During the time Glen has spent with Coastal he has demonstrated his ability to add value to our organization in a variety of areas," said Roger Hardy, Coastal Contacts President and CEO. "Coastal has achieved a critical mass in all of our markets which allows the Company to continue its growth while maintaining profitability. Glen will be responsible for maintaining that balance while participating in other strategic opportunities such as acquisitions."

Reta Byvelds, the Company's current Chief Financial Officer, has submitted her resignation to pursue other opportunities.

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.

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