Coastal Contacts Inc.
TSX : COA

Coastal Contacts Inc.

June 05, 2007 09:00 ET

Coastal Contacts Honoured on PROFIT 100 List of Canada's Fastest Growing Companies

VANCOUVER--(Marketwire - June 5, 2007) -

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

Coastal Contacts Inc. (TSX:COA) announced today the Company has placed on the PROFIT magazine annual ranking of Canada's Fastest Growing Companies.

Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the PROFIT 100 profiles the country's most successful growth companies. Published in the June issue of PROFIT and online at PROFITguide.com, the PROFIT 100 is Canada's largest annual celebration of entrepreneurial achievement.

"We are honoured to be named among this distinguished group of successful entrepreneurs," stated Roger Hardy, Coastal Contacts' President and CEO. "Owing to the efforts of the entire Coastal team, the Company has enjoyed tremendous growth since being founded in 2000. Given our growth plans for product and market expansion, we believe the best is yet to come."

Coastal Contacts has been ranked No. 18 in the 2006 PROFIT 100, with five year revenue growth of 2,900%. Coastal reported revenues over $81 million for fiscal 2006.

About PROFIT:

PROFIT: Your Guide to Business Success, offers news, strategies, tips, interviews and other resources to entrepreneurs leading Canada's fastest-growing companies. Each year PROFIT, which reaches more than 400,000 readers nationally, hosts a number of events that bring together business leaders in the fast growth segment and champions the interests of those leaders. PROFIT was founded in April, 1982 as Canada's first magazine geared to entrepreneurs. Visit www.PROFITguide.com

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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